Guideline Value for LAKSHMI NAGAR (PA)

Lakshmi Nagar (Pa) guideline value

The current guideline value of Lakshmi Nagar (Pa), located in Peramanoor village under the Chengleput Joint II SRO, is Rs 550 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - II.

How the guideline value of Lakshmi Nagar (Pa) has changed

The guideline value for Lakshmi Nagar (Pa) has undergone several revisions over the years. The earliest available figure is from 2012, where the guideline value was Rs 500 per sq.ft. This was followed by a decrease to Rs 335 per sq.ft in 2017. The value then increased to Rs 500 per sq.ft in 2023, and the latest revision in 2024 has set the value at Rs 550 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it saw a significant increase of 49%. The overall change from 2012 to 2024 reflects a modest increase of 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Lakshmi Nagar (Pa) is below this median.

• K V Vines Nagar (Sa): Rs 550 per sq.ft (2024)
• Kuravanji Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Kundalakesi Street (N): Rs 1,320 per sq.ft (2024)
• Madha Koil Street (Ward -18): Rs 661 per sq.ft (2024)
• Kumaranar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Kumaragurubarar Street (Ward -4): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Lakshmi Nagar (Pa)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Lakshmi Nagar (Pa)?

The Chengleput Joint II Sub Registrar Office covers Lakshmi Nagar (Pa). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar (Pa)?

The current guideline value of Lakshmi Nagar (Pa) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024. There are no figures available for the years 2002, 2003, and 2007.

What are the other guideline values in Peramanoor?

In Peramanoor, the guideline values range from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Lakshmi Nagar (Pa) is at the lower end of this range.

What are the stamp duty and registration fees for property in Lakshmi Nagar (Pa)?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Lakshmi Nagar (Pa)?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in Lakshmi Nagar (Pa).