Guideline Value for LAKSHMI NAGAR

Lakshmi Nagar guideline value

The current guideline value of Lakshmi Nagar, located in Anupampattu village under the Ponneri SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Lakshmi Nagar has changed

According to the guideline value register, there are no figures available for Lakshmi Nagar for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 250 per sq.ft, which was then increased by 20% to Rs 300 per sq.ft in the 2024 revision.

This increase from 2023 to 2024 reflects a significant adjustment in the guideline value. The current figure aligns with the median value for 42 streets in Anupampattu, which range from Rs 300 to Rs 500 per sq.ft, with Rs 300 being the median.

Guideline values in Anupampattu

Anupampattu has a range of guideline values across its streets, with the 2024 figures varying from Rs 300 to Rs 500 per sq.ft. Lakshmi Nagar's guideline value of Rs 300 per sq.ft is equal to the median value for the area.

• Mahalakshmi Nagar: Rs 300 per sq.ft (2024)
• Mahaveer Nagar: Rs 300 per sq.ft (2024)
• Medthina City: Rs 300 per sq.ft (2024)
• Meenakshi Amman Nagr: Rs 300 per sq.ft (2024)
• M R Garden: Rs 300 per sq.ft (2024)
• Msv Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Lakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty, charged at 7%, would amount to Rs 21,000, and the registration fee, charged at 2%, would be Rs 6,000. Together, the total cost for these fees would be Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Lakshmi Nagar?

The Sub Registrar Office that covers Lakshmi Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For additional information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Anupampattu. It serves as a benchmark for determining the amount of stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value is used to calculate the fees, ensuring that the amount reflects the official valuation set by the authorities. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar?

The current guideline value of Lakshmi Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Lakshmi Nagar was Rs 250 per sq.ft in 2023 and increased to Rs 300 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Lakshmi Nagar?

Lakshmi Nagar falls under the Residential Class II Type - I land classification, which is designated for residential purposes.

What are the stamp duty and registration fees for a property in Lakshmi Nagar?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Lakshmi Nagar located?

The Ponneri Sub Registrar Office, which covers Lakshmi Nagar, is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.