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. This street is located in Nemili_B village under the Sriperumpudur SRO, classified as Residential Class II Type - I.

How the guideline value of Lakshmi Amman Koil Street has changed

In the 2017 revision, the guideline value was set at Rs 167 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 250 per sq.ft. The latest revision in 2024 maintains the same guideline value of Rs 250 per sq.ft, indicating no percentage change from 2023 to 2024.

From the 2017 revision to the 2023 revision, there was a 50% increase in the guideline value. Overall, from 2017 to 2024, the guideline value has increased by 50% as well. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,500 per sq.ft. The median value is Rs 250 per sq.ft, making Lakshmi Amman Koil Street's 2024 figure equal to this median.

• Kumaran Street: Rs 200 per sq.ft (2024)
• Lucky Land: Rs 250 per sq.ft (2024)
• Kulakkarai Street: Rs 150 per sq.ft (2024)
• Madha Koil Street: Rs 200 per sq.ft (2024)
• Madhuramman Koil Cross Street: Rs 150 per sq.ft (2024)
• Madhuramman Koil Street: Rs 150 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 amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lakshmi Amman Koil Street?

The Sub Registrar Office that covers 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_B

The guideline value is a critical factor in property transactions in Nemili_B, as it determines the minimum value on which stamp duty and registration fees are calculated. When buying or selling property, the guideline value ensures that the transaction is recorded at a standard value recognized by the registration authorities.

It is essential for buyers and sellers to be aware of the guideline value to avoid discrepancies during the registration process. This value helps in maintaining transparency and fairness in property transactions within the region.

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 increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023 and remains the same in 2024. There was a 50% increase from 2017 to 2024.

What is the classification of Lakshmi Amman Koil Street?

Lakshmi Amman Koil Street is classified as Residential Class II Type - I under the guideline value register.

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

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

How is the 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, for a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at a rate of 7%.