Guideline Value for LAKSHMI NAGAR

Lakshmi Nagar guideline value

The current guideline value of Lakshmi Nagar in Nathamkariyacheri village, under the Thirukazhukundram SRO, is Rs 301 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - II.

How the guideline value of Lakshmi Nagar has changed

In the 2023 revision, the guideline value for Lakshmi Nagar was Rs 301 per sq.ft. The 2024 revision maintained this value, showing no percentage change from the previous year. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

As such, the only recorded figures for Lakshmi Nagar are from the 2023 and 2024 revisions, both at Rs 301 per sq.ft. The absence of figures in earlier revisions indicates that there has been no recorded change for this street in those years.

Guideline values in Nathamkariyacheri

In addition to Lakshmi Nagar, there are other streets in Nathamkariyacheri with their respective guideline values. Lakshmi Nagar's current guideline value sits at Rs 301 per sq.ft, while R M Avenue has a higher rate.

• R M Avenue: Rs 450 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 301 per sq.ft, the total guideline value would be Rs 3,01,000. The stamp duty at 7% would amount to Rs 21,070, and the registration fee at 2% would be Rs 6,020, bringing the total fees to Rs 27,090. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lakshmi Nagar?

The Sub Registrar Office that covers Lakshmi Nagar is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial metric used during the registration of property transactions in Nathamkariyacheri. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps establish a fair price for taxation purposes. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar?

The current guideline value of Lakshmi Nagar is Rs 301 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Lakshmi Nagar has remained constant at Rs 301 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

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

For a property of 1,000 sq.ft at the guideline value of Rs 301 per sq.ft, the total guideline value would be Rs 3,01,000. The stamp duty would be Rs 21,070, and the registration fee would be Rs 6,020, totaling Rs 27,090.

Which Sub Registrar Office covers Lakshmi Nagar?

The Thirukazhukundram Sub Registrar Office covers Lakshmi Nagar, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors, including land classification. It is updated periodically, with the latest revision for Lakshmi Nagar being effective from 1 July 2024.