Guideline Value for LOKESH NAGAR

Lokesh Nagar guideline value

The current guideline value of Lokesh Nagar is Rs 300 per sq.ft. It falls under Thozhuvur village and is governed by the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Lokesh Nagar has changed

In the 2012 revision, the guideline value was Rs 300 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft, marking a decrease of 33%. However, in the 2023 revision, the guideline value increased to Rs 300 per sq.ft again, reflecting a rise of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained the same at Rs 300 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thozhuvur

Currently, there are no specific village figures provided for Thozhuvur. Lokesh Nagar is one of the streets under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Lokesh Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Lokesh Nagar?

The Sub Registrar Office that covers Lokesh Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property registration in Thozhuvur. It determines the amount of stamp duty and registration fees that must be paid, which are calculated based on the higher of the guideline value or the sale price of the property.

When buying or selling property in Lokesh Nagar, it is essential to be aware of the current guideline value, as it directly impacts the financial obligations during the registration process. Buyers should ensure they are informed about the latest revisions to avoid any discrepancies.

Frequently asked questions

What is the current guideline value of Lokesh Nagar?

The current guideline value of Lokesh Nagar is Rs 300 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

From the 2012 revision to 2017, the guideline value decreased from Rs 300 per sq.ft to Rs 201 per sq.ft. However, it increased back to Rs 300 per sq.ft in the 2023 revision.

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

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 3,00,000, the total fees would amount to Rs 27,000.

Which office handles registrations for Lokesh Nagar?

The registrations for Lokesh Nagar are handled by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

Are there any other streets in Thozhuvur with guideline values?

Currently, there are no other streets in Thozhuvur listed with specific guideline values under the Tiruvallur Joint 1 SRO.