Guideline Value for LAKSHMI NARASIMA PERUMAL NAGAR PHASE-II

Lakshmi Narasima Perumal Nagar Phase-II guideline value

The current guideline value of Lakshmi Narasima Perumal Nagar Phase-II is Rs 300 per sq.ft, effective from 1 July 2024. This village is located in Uthukkadu - A under the Walajabad SRO, and the land classification is Residential Class I Type - II.

How the guideline value of Lakshmi Narasima Perumal Nagar Phase-II has changed

The guideline value for Lakshmi Narasima Perumal Nagar Phase-II has remained constant at Rs 300 per sq.ft for both the 2023 and 2024 revisions. Prior to this, the 2017 revision recorded a guideline value of Rs 201 per sq.ft, indicating a significant increase of 49% from 2017 to 2023 and maintaining the same rate through to 2024.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. Therefore, the only recorded revisions are from 2017, 2023, and 2024, showing no change in the last two revisions.

Guideline values in Uthukkadu - A

In Uthukkadu - A, there are 38 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value for Lakshmi Narasima Perumal Nagar Phase-II is below this median.

• Lakshmi Narasimman Nagar: Rs 300 per sq.ft (2024)
• Kurunji Nagar: Rs 300 per sq.ft (2024)
• Kumaran Nagar: Rs 300 per sq.ft (2024)
• Krisna Garden: Rs 400 per sq.ft (2024)
• Meenakshi Nagar: Rs 350 per sq.ft (2024)
• Mithilai Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Lakshmi Narasima Perumal Nagar Phase-II

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty is charged at 7%, resulting in Rs 21,000, and the registration fee is 2%, amounting to Rs 6,000. Together, the total fees would be Rs 27,000. 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 further calculations.

Which Sub Registrar Office covers Lakshmi Narasima Perumal Nagar Phase-II?

The Lakshmi Narasima Perumal Nagar Phase-II falls under the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find your SRO, visit find your SRO.

How the guideline value is used when you buy or sell in Uthukkadu - A

The guideline value is an essential factor in the registration process when buying or selling property in Uthukkadu - A. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately according to government standards.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees, which are based on the higher of the guideline value or the sale price. This ensures that all transactions are conducted transparently and fairly.

Frequently asked questions

What is the current guideline value of Lakshmi Narasima Perumal Nagar Phase-II?

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

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value for Lakshmi Narasima Perumal Nagar Phase-II has increased by 49%, from Rs 201 per sq.ft to Rs 300 per sq.ft.

What are the guideline values for other streets in Uthukkadu - A?

Other streets in Uthukkadu - A have varying guideline values, with rates ranging from Rs 200 to Rs 800 per sq.ft. The median value for these streets is Rs 350 per sq.ft.

What are the stamp duty and registration fees for property in Lakshmi Narasima Perumal Nagar Phase-II?

For a property valued at Rs 3,00,000 in Lakshmi Narasima Perumal Nagar Phase-II, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which Sub Registrar Office covers this area?

The Walajabad Sub Registrar Office covers Lakshmi Narasima Perumal Nagar Phase-II, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.