Guideline Value for LAKSHMI NAGAR-(S.NO.-482.483.485.486/1.2)

Lakshmi Nagar-(S.No.-482.483.485.486/1.2) guideline value

The current guideline value for Lakshmi Nagar-(S.No.-482.483.485.486/1.2) is Rs 350 per sq.ft. This property is located in Thozhuvur village and falls under the Tiruvallur Joint 1 SRO. The land classification is Residential Class III Type - I.

How the guideline value of Lakshmi Nagar-(S.No.-482.483.485.486/1.2) has changed

In the 2012 revision, the guideline value was Rs 350 per sq.ft. This figure remained the same in the 2012 revision, but in the 2017 revision, it decreased to Rs 234 per sq.ft, marking a decline of 33%. However, the guideline value increased to Rs 350 per sq.ft in the 2023 revision, representing a 50% increase from the 2017 figure.

Overall, from 2012 to 2023, the guideline value for Lakshmi Nagar-(S.No.-482.483.485.486/1.2) has not changed, remaining at Rs 350 per sq.ft. The register has no figures for the revisions in 2002, 2003, 2007, and 2024.

Guideline values in Thozhuvur

Currently, there are no specific village figures available for Thozhuvur. The guideline value for Lakshmi Nagar-(S.No.-482.483.485.486/1.2) is Rs 350 per sq.ft. There are no other streets in Thozhuvur listed under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Lakshmi Nagar-(S.No.-482.483.485.486/1.2)

For a 1,000 sq.ft plot at the current rate of Rs 350 per sq.ft, the guideline value amounts to Rs 3,50,000. The stamp duty at 7% is Rs 24,500, and the registration fee at 2% is Rs 7,000, bringing the total to Rs 31,500. Please note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Lakshmi Nagar-(S.No.-482.483.485.486/1.2)?

The Sub Registrar Office that covers Lakshmi Nagar-(S.No.-482.483.485.486/1.2) is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Thozhuvur. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value must be considered as it affects the overall cost of the transaction. Buyers should be aware that the stamp duty is calculated based on the higher value between the guideline value and the sale price, which can impact the total expenses incurred during the purchase process.

Frequently asked questions

What is the current guideline value for Lakshmi Nagar?

The current guideline value for Lakshmi Nagar-(S.No.-482.483.485.486/1.2) is Rs 350 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has seen a decrease to Rs 234 per sq.ft in 2017 and then increased back to Rs 350 per sq.ft in 2023. Overall, from 2012 to 2023, the value has remained unchanged.

What is the stamp duty for property in Lakshmi Nagar?

The stamp duty for property in Lakshmi Nagar is 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500.

Which office handles registrations for Lakshmi Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Lakshmi Nagar-(S.No.-482.483.485.486/1.2). The office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

Are there any other streets with guideline values in Thozhuvur?

Currently, there are no other streets listed under the Tiruvallur Joint 1 SRO in Thozhuvur with guideline values provided.