Guideline Value for Lakshmana Narayana Perumal Koil Street

Lakshmana Narayana Perumal Koil Street guideline value

The current guideline value of Lakshmana Narayana Perumal Koil Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Karasangal village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Lakshmana Narayana Perumal Koil Street has changed

In the 2012 revision, the guideline value was Rs 250 per sq.ft. It then decreased to Rs 167 per sq.ft in the 2017 revision, marking a reduction of 33%. Following this, the value increased by 50% to Rs 250 per sq.ft in the 2023 revision. The current value remains the same at Rs 250 per sq.ft from the 2024 revision, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained at Rs 250 per sq.ft, indicating no overall change during this period.

Guideline values in Karasangal

There are 59 streets in Karasangal under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 3,550 per sq.ft. The median guideline value for these streets is Rs 402 per sq.ft, placing Lakshmana Narayana Perumal Koil Street's 2024 figure below that median.

• Lakshmi Nagar: Rs 600 per sq.ft (2024)
• LookMan Nagar: Rs 250 per sq.ft (2024)
• Malleeswara Koil Street: Rs 250 per sq.ft (2024)
• Manthaveli Amman Koil Street: Rs 250 per sq.ft (2024)
• M.G.R. Street: Rs 402 per sq.ft (2024)
• Modern Avenue: Rs 600 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total to Rs 22,500. 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 Lakshmana Narayana Perumal Koil Street?

The Sub Registrar Office that covers Lakshmana Narayana Perumal Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property in Karasangal. It determines the minimum value at which a property can be registered, and various fees, including stamp duty, are calculated based on this value.

When buying or selling property, it is important to be aware that the guideline value may influence the transaction price. Buyers and sellers should consider this value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Lakshmana Narayana Perumal Koil Street?

The current guideline value of Lakshmana Narayana Perumal Koil Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 in 2012 to Rs 167 in 2017, then back to Rs 250 in 2023, and remains at Rs 250 in 2024. Overall, there has been no change from 2012 to 2024.

What is the land classification of Lakshmana Narayana Perumal Koil Street?

Lakshmana Narayana Perumal Koil Street is classified as Residential Class II Type - I. This classification affects the guideline value and its application in property transactions.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Lakshmana Narayana Perumal Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property with a guideline value of Rs 2,50,000, the stamp duty would be Rs 17,500 at a rate of 7%.