Guideline Value for LAKSHMI NAGAR EXTENSION

Lakshmi Nagar Extension guideline value

The current guideline value of Lakshmi Nagar Extension is Rs 2,310 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Lakshmi Nagar Extension has changed

The guideline value for Lakshmi Nagar Extension has undergone several revisions over the years. The 2017 revision set the value at Rs 1,407 per sq.ft, which increased to Rs 2,100 per sq.ft in 2023, marking a substantial rise of 49%. The latest revision in 2024 further raised the guideline value to Rs 2,310 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no recorded figures for this street in the years 2002, 2003, 2007, and 2012.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, which is equal to the guideline value of Lakshmi Nagar Extension.

• Lal Bagadur Sashtri Street: Rs 2,310 per sq.ft (2024)
• Laxmi Nagar: Rs 2,310 per sq.ft (2024)
• Lake Park View II: Rs 1,320 per sq.ft (2024)
• Lake Park View I: Rs 1,320 per sq.ft (2024)
• Lime Light Avenue: Rs 2,310 per sq.ft (2024)
• Lime Light Avenue Phase II: Rs 2,640 per sq.ft (2024)

Stamp duty and registration fee for property in Lakshmi Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value amounts to Rs 23,10,000. The stamp duty at 7% would be Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, bringing the total to Rs 2,07,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Lakshmi Nagar Extension?

The Sub Registrar Office covering Lakshmi Nagar Extension is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling a property.

When a property is sold, the guideline value is used to assess the applicable charges, ensuring that the transaction is recorded accurately. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar Extension?

The current guideline value of Lakshmi Nagar Extension is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,407 per sq.ft in 2017 to Rs 2,310 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the registration office for Lakshmi Nagar Extension?

The registration office for Lakshmi Nagar Extension is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What are the stamp duty and registration fees for properties in Lakshmi Nagar Extension?

For a property valued at Rs 23,10,000, the stamp duty is Rs 1,61,700 and the registration fee is Rs 46,200, totaling Rs 2,07,900.

Where can I find more information about guideline values in Perungalathur?

For more information about guideline values in Perungalathur, you can refer to the registration department's guideline value register or visit the Padappai SRO.