Guideline Value for Lakshmi Amman Koil Street

Lakshmi Amman Koil Street guideline value

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

How the guideline value of Lakshmi Amman Koil Street has changed

The guideline value for Lakshmi Amman Koil Street has seen several revisions over the years. In 2012, the value was set at Rs 250 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 167 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 250 per sq.ft. The 2024 revision maintains this value at Rs 250 per sq.ft, showing no change from the previous year.

It is important to note that there are no guideline value figures available for the years 2002, 2003, and 2007 for Lakshmi Amman Koil Street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 250 per sq.ft.

Guideline values in Nemili

Nemili village has a total of 66 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,000 per sq.ft. The median value is Rs 250 per sq.ft, which is equal to the current guideline value of Lakshmi Amman Koil Street.

• Kumaran Street: Rs 210 per sq.ft (2024)
• Lucky Land: Rs 250 per sq.ft (2024)
• Madha Koil Street: Rs 210 per sq.ft (2024)
• Manasa Devi Nagar: Rs 250 per sq.ft (2024)
• Karthik Nagar: Rs 210 per sq.ft (2024)
• Marshal Share: Rs 300 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 250 per sq.ft, the total guideline value would be 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, making the total cost for these fees Rs 22,500. It is important 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 detailed calculations.

Which Sub Registrar Office covers Lakshmi Amman Koil Street?

The Sub Registrar Office covering Lakshmi Amman 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 Nemili

The guideline value is a crucial factor in the registration process when buying or selling property in Nemili. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that all transactions are aligned with the official valuations set by the registration department.

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 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since 2012, with a drop to Rs 167 per sq.ft in 2017, followed by a return to Rs 250 per sq.ft in 2023 and 2024.

What is the land classification for Lakshmi Amman Koil Street?

Lakshmi Amman Koil Street is classified as Residential Class II Type - I.

What are the registration fees for property in Lakshmi Amman Koil Street?

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

Where is the Sub Registrar Office for Lakshmi Amman Koil Street located?

The Sub Registrar Office for Lakshmi Amman Koil Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.