Guideline Value for LAKSHMI NARAYANI NAGAR

Lakshmi Narayani Nagar guideline value

The current guideline value of Lakshmi Narayani Nagar is Rs 150 per sq.ft, as per the 2023 revision. This area falls under Thandalam village and is classified as Residential Class III Type - II, governed by the Tiruvallur Joint 1 SRO.

How the guideline value of Lakshmi Narayani Nagar has changed

In the 2012 revision, the guideline value was set at Rs 150 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft, marking a decline of 33%. However, in the subsequent 2023 revision, the guideline value increased to Rs 150 per sq.ft, reflecting a rise of 50% from the 2017 figure.

Overall, comparing the values from 2012 to 2023, there has been no change in the guideline value. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thandalam

Currently, there are no specific village figures available for Thandalam. Lakshmi Narayani Nagar is the only street referenced in this context.

Stamp duty and registration fee for property in Lakshmi Narayani Nagar

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Lakshmi Narayani Nagar?

The Sub Registrar Office that covers Lakshmi Narayani Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thandalam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When registering a property, buyers and sellers must consider the guideline value as it affects the stamp duty and registration fees payable. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Lakshmi Narayani Nagar?

The current guideline value of Lakshmi Narayani Nagar is Rs 150 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then increased back to Rs 150 per sq.ft in 2023. There are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

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

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500. The duty is charged on the higher of the guideline value or the sale price.

Which office handles the registration for Lakshmi Narayani Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles the registration for Lakshmi Narayani Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

What land classification does Lakshmi Narayani Nagar fall under?

Lakshmi Narayani Nagar is classified as Residential Class III Type - II. This classification is essential for understanding the zoning and development regulations applicable to the area.