Guideline Value for Lakshmi Amman Koil Street

Lakshmi Amman Koil Street guideline value

The current guideline value of Lakshmi Amman Koil Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Mannurpet village, under the Konnur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Lakshmi Amman Koil Street has changed

The guideline value for Lakshmi Amman Koil Street has seen significant changes over the years. In 2002, the guideline value was Rs 275 per sq.ft. It increased to Rs 303 per sq.ft in 2003, marking a 10% rise. Following this, the value surged to Rs 800 per sq.ft in 2007, representing a substantial increase of 164%. In 2012, it rose to Rs 1,600 per sq.ft, doubling from the previous figure. However, the value dropped to Rs 1,072 per sq.ft in 2017, a decrease of 33%. The value then increased to Rs 1,600 per sq.ft in 2023, before reaching the current figure of Rs 1,700 per sq.ft in 2024, which is a 6% increase.

Overall, from 2002 to 2024, the guideline value has increased by 518%. There are no revisions with figures missing for this street.

Guideline values in Mannurpet

In Mannurpet village, there are 38 streets under the Konnur SRO that have a guideline value for 2024, ranging from Rs 1,100 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 1,300 per sq.ft, making the current value of Lakshmi Amman Koil Street above this median.

• Kuyavar Street: Rs 1,300 per sq.ft (2024)
• Logappa Naidu Street: Rs 1,300 per sq.ft (2024)
• Malaiathamman Koil Street: Rs 1,700 per sq.ft (2024)
• Manickam Pillai Street: Rs 1,300 per sq.ft (2024)
• Menambedu Main Road: Rs 2,300 per sq.ft (2024)
• Kamaraj Street II Cross Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Lakshmi Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. 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 Amman Koil Street?

The Sub Registrar Office that covers Lakshmi Amman Koil Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Mannurpet. It is utilized to determine the stamp duty and registration fees when a property is bought or sold. The guideline value is assessed by the local authorities and is updated periodically based on various factors.

When engaging in a property transaction, it is essential to refer to the current guideline value to ensure compliance with the registration requirements. This value helps in determining the financial obligations that arise during the buying or selling process.

Frequently asked questions

What is the current guideline value of Lakshmi Amman Koil Street?

The current guideline value of Lakshmi Amman Koil Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 275 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 518% over this period.

What is the land classification of Lakshmi Amman Koil Street?

Lakshmi Amman Koil Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which office handles registrations for Lakshmi Amman Koil Street?

The Konnur Sub Registrar Office handles registrations for Lakshmi Amman Koil Street, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.