Guideline Value for LAKSHMI NAGAR EXTN

Lakshmi Nagar Extn guideline value

The current guideline value of Lakshmi Nagar Extn is Rs 1,001 per sq.ft, effective from 1 July 2024. This area is located in Edayanchavadi village under the Thiruvottiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Lakshmi Nagar Extn has changed

In the 2017 revision, the guideline value was Rs 335 per sq.ft. This figure increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking a 199% increase. The 2024 revision has set the guideline value at Rs 1,001 per sq.ft, which shows no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 199%.

Guideline values in Edayanchavadi

Edayanchavadi village has 23 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,100 per sq.ft, with the median value being Rs 1,001 per sq.ft. Lakshmi Nagar Extn's 2024 figure aligns with this median value.

• Lakshmi Nagar: Rs 1,001 per sq.ft (2024)
• Lakshmikathammal Nagar: Rs 1,001 per sq.ft (2024)
• Manali New Town T N H B & C M D A: Rs 1,100 per sq.ft (2024)
• M.D. Avenue: Rs 1,001 per sq.ft (2024)
• Moideen Nagar: Rs 1,001 per sq.ft (2024)
• M.R.F. Nagar: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Lakshmi Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total cost to Rs 90,090. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lakshmi Nagar Extn?

The Lakshmi Nagar Extn area falls under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Edayanchavadi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar Extn?

The current guideline value of Lakshmi Nagar Extn is Rs 1,001 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 335 per sq.ft to Rs 1,001 per sq.ft in 2024, representing a total increase of 199%.

What is the registration office for Lakshmi Nagar Extn?

The registration office that covers Lakshmi Nagar Extn is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in Lakshmi Nagar Extn?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 10,01,000 would incur a stamp duty of Rs 70,070 at a rate of 7%.

Are there any revisions without figures for Lakshmi Nagar Extn?

Yes, the register has no figures for the revisions in the years 2002, 2003, 2007, and 2012 for Lakshmi Nagar Extn.