Guideline Value for LAKSHMI GREEN CITY

Lakshmi Green City guideline value

The current guideline value of Lakshmi Green City is Rs 1,400 per sq.ft. It is located in Vayallanallur_b village under the Poonamallee SRO, classified as Residential Class IV Type - II.

How the guideline value of Lakshmi Green City has changed

According to the guideline value register, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for Lakshmi Green City. The most recent revision in 2023 set the guideline value at Rs 1,400 per sq.ft.

As there are no changes between the revisions listed, the only available figure is from the 2023 revision. The register has no figure for this street in 2024.

Guideline values in Vayallanallur_b

In Vayallanallur_b, there are 27 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 3,100 per sq.ft, with a median of Rs 1,640 per sq.ft. Lakshmi Green City is situated within this range.

• Kaviya Garden: Rs 220 per sq.ft (2024)
• Kamatchi Amman Nagar: Rs 750 per sq.ft (2024)
• M.S.Garden Nalleeswarar Nagar Phase -II: Rs 660 per sq.ft (2024)
• Muktha Meenakshi Sundaram Nagar: Rs 750 per sq.ft (2024)
• Muktha Samruddhi Nagar: Rs 750 per sq.ft (2024)
• Kamachi Amman Nagar: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Lakshmi Green City

For a 1,000 sq.ft plot at the current rate of Rs 1,400 per sq.ft, the guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, totaling Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lakshmi Green City?

The Sub Registrar Office that covers Lakshmi Green City is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Vayallanallur_b

The guideline value is a crucial factor during property registration in Vayallanallur_b, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and reflects the value as per the government’s assessment.

Frequently asked questions

What is the current guideline value of Lakshmi Green City?

The current guideline value of Lakshmi Green City is Rs 1,400 per sq.ft as per the 2023 revision.

What is the land classification for Lakshmi Green City?

Lakshmi Green City is classified as Residential Class IV Type - II under the Poonamallee SRO.

What are the other streets in Vayallanallur_b?

There are several other streets in Vayallanallur_b, including Kaviya Garden, Kamatchi Amman Nagar, M.S.Garden Nalleeswarar Nagar Phase -II, Muktha Meenakshi Sundaram Nagar, Muktha Samruddhi Nagar, and Kamachi Amman Nagar, each with their respective guideline values.

How is stamp duty calculated for properties in Lakshmi Green City?

Stamp duty for properties in Lakshmi Green City is calculated at 7% of the guideline value or the sale price, whichever is higher. The registration fee is an additional 2% of the guideline value.

Where can I find the Sub Registrar Office for Lakshmi Green City?

The Sub Registrar Office for Lakshmi Green City is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.