Guideline Value for LAKSHMI NARAYANA PERUMAL KOIL CROSS STREET

Lakshmi Narayana Perumal Koil Cross Street guideline value

The current guideline value for Lakshmi Narayana Perumal Koil Cross Street is Rs 1,110 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification is Residential Class IV Type - III.

How the guideline value of Lakshmi Narayana Perumal Koil Cross Street has changed

From the 2012 revision, the guideline value for Lakshmi Narayana Perumal Koil Cross Street has remained at Rs 1,000 per sq.ft until the 2023 revision. In 2023, the value was updated to Rs 1,000 per sq.ft, and then increased to Rs 1,110 per sq.ft in the 2024 revision, marking an increase of 11%. Overall, from 2012 to 2024, the guideline value has increased by 11%.

The register has no figures for the years 2002, 2003, 2007, and 2017 for this street. Therefore, the only revisions available are from 2012, 2023, and 2024.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, indicating that Lakshmi Narayana Perumal Koil Cross Street's 2024 figure is below this median.

• Lakshmi Narayana Perumal Street: Rs 1,650 per sq.ft (2024)
• Lakshmi Street Vgp Shanthi Nagar: Rs 2,750 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,320 per sq.ft (2024)
• L.E.O.Complex Street: Rs 1,320 per sq.ft (2024)
• L.I.C.Colony Ist Street: Rs 2,200 per sq.ft (2024)
• L.I.C. Nagar 2nd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Lakshmi Narayana Perumal Koil Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,110 per sq.ft, the total guideline value amounts to Rs 11,10,000. The stamp duty at 7% would be Rs 77,700, and the registration fee at 2% would be Rs 22,200, bringing the total to Rs 99,900. It is important to note that the 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 more details.

Which Sub Registrar Office covers Lakshmi Narayana Perumal Koil Cross Street?

The Sub Registrar Office that covers Lakshmi Narayana Perumal Koil Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Pallikaranai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal value of the property. It is essential for buyers to be aware of this value to avoid overpaying, while sellers must consider it when pricing their properties for sale.

Frequently asked questions

What is the current guideline value for Lakshmi Narayana Perumal Koil Cross Street?

The current guideline value for Lakshmi Narayana Perumal Koil Cross Street is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 1,000 per sq.ft in 2023, and then increased to Rs 1,110 per sq.ft in 2024, marking an overall increase of 11% from 2012 to 2024.

Which Sub Registrar Office covers this street?

The Chennai South Joint I Sub Registrar Office covers Lakshmi Narayana Perumal Koil Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What are the stamp duty and registration fees for a property here?

For a property valued at Rs 11,10,000, the stamp duty would be Rs 77,700 and the registration fee would be Rs 22,200, totaling Rs 99,900. Duty is charged on the higher of the guideline value or the sale price.

What is the land classification for Lakshmi Narayana Perumal Koil Cross Street?

The land classification for Lakshmi Narayana Perumal Koil Cross Street is Residential Class IV Type - III.