Guideline Value for LAKSHMIKATHAMMAL NAGAR

Lakshmikathammal Nagar guideline value

The current guideline value of Lakshmikathammal Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024. This area is located in Edayanchavadi village under the Thiruvottiyur SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Lakshmikathammal Nagar has changed

In the 2017 revision, the guideline value was set at Rs 335 per sq.ft. This figure saw a significant increase in the 2023 revision, where it rose to Rs 1,000 per sq.ft, marking a change of +199%. The most recent revision in 2024 maintained the guideline value at Rs 1,001 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by +199%.

Guideline values in Edayanchavadi

In Edayanchavadi, there are 23 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,100 per sq.ft. The median for these streets is Rs 1,001 per sq.ft, which is equal to the guideline value of Lakshmikathammal Nagar.

• Lakshmi Nagar: Rs 1,001 per sq.ft (2024)
• Lakshmi Nagar Extn: Rs 1,001 per sq.ft (2024)
• Manali New Town T N H B & C M D A: Rs 1,100 per sq.ft (2024)
• M.D. Avenue: Rs 1,001 per sq.ft (2024)
• Moideen Nagar: Rs 1,001 per sq.ft (2024)
• Kanaga Durga Nagar: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Lakshmikathammal Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,001 per sq.ft, the guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total to Rs 90,090. 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 Lakshmikathammal Nagar?

The Sub Registrar Office covering Lakshmikathammal Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Edayanchavadi. It is used to determine the stamp duty and registration fees payable at the time of property registration.

When buying or selling property, the guideline value serves as a reference point for the transaction value, ensuring that the appropriate duties and fees are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Lakshmikathammal Nagar?

The current guideline value of Lakshmikathammal Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 1,001 per sq.ft in 2024, reflecting a total increase of +199% over this period.

What are the other streets in Edayanchavadi with similar guideline values?

Other streets in Edayanchavadi that have a guideline value of Rs 1,001 per sq.ft in 2024 include Lakshmi Nagar, M.D. Avenue, Moideen Nagar, and Kanaga Durga Nagar.

What fees are associated with property registration in Lakshmikathammal Nagar?

The fees associated with property registration include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Lakshmikathammal Nagar?

The Sub Registrar Office for Lakshmikathammal Nagar is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.