Guideline Value for Lakshmi Avenue

Lakshmi Avenue guideline value

The current guideline value of Lakshmi Avenue in Ayyencheri village is Rs 1,195 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri SRO and is classified as Residential Class I Type - I.

How the guideline value of Lakshmi Avenue has changed

The guideline value for Lakshmi Avenue has undergone several revisions over the years. In the 2007 revision, the value was Rs 310 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, there was a decrease to Rs 800 per sq.ft in the 2017 revision. The most recent revision in 2023 saw a substantial increase to Rs 1,195 per sq.ft, marking a 49% rise from the previous revision.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 285%. It is important to note that there are no figures available for the 2002, 2003, and 2024 revisions for this street.

Guideline values in Ayyencheri

Currently, there are no specific village figures available for Ayyencheri. Lakshmi Avenue is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Lakshmi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,195 per sq.ft, the total guideline value amounts to Rs 11,95,000. The stamp duty, charged at 7%, would be Rs 83,650, while the registration fee at 2% would be Rs 23,900. Together, the total amount for duty and fees would be Rs 1,07,550. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lakshmi Avenue?

The Lakshmi Avenue falls under the jurisdiction of the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Ayyencheri, the guideline value is a crucial factor in determining the stamp duty and registration fees. Buyers must pay these fees based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

During the registration process, the guideline value serves as a benchmark for property valuation. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value of Lakshmi Avenue?

The current guideline value of Lakshmi Avenue is Rs 1,195 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 310 per sq.ft in 2007 to Rs 1,195 per sq.ft in 2023, reflecting an overall increase of 285% over the years.

What are the stamp duty and registration fees for properties in Lakshmi Avenue?

For a property valued at Rs 11,95,000, the stamp duty would be Rs 83,650 and the registration fee would be Rs 23,900, totaling Rs 1,07,550.

Which Sub Registrar Office covers Lakshmi Avenue?

The Gooduvancheri Sub Registrar Office covers Lakshmi Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there any other streets in Ayyencheri with guideline values?

Currently, there are no other streets in Ayyencheri listed under the Gooduvancheri SRO with guideline values provided.