Guideline Value for Lakshmi Garden Part-II

Lakshmi Garden Part-II guideline value

The current guideline value of Lakshmi Garden Part-II is Rs 3,732 per sq.ft. This area falls under Vandalur village and is registered with the Gooduvancheri SRO. The land classification for this locality is Mixed Type - II.

How the guideline value of Lakshmi Garden Part-II has changed

In the 2017 revision, the guideline value was recorded at Rs 2,500 per sq.ft. This figure was significantly increased in the 2023 revision, where it rose to Rs 3,732 per sq.ft, marking a change of +49% over the six-year period. The register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for this street.

The increase from 2017 to 2023 reflects the only available revision figures for Lakshmi Garden Part-II. The current guideline value is the highest recorded to date, indicating a substantial rise from the previous revision.

Guideline values in Vandalur

As of now, there are no specific village figures available for Vandalur. Lakshmi Garden Part-II is part of the Gooduvancheri SRO, which oversees the registration of properties in this area.

Stamp duty and registration fee for property in Lakshmi Garden Part-II

For a 1,000 sq.ft plot at the current guideline value of Rs 3,732 per sq.ft, the guideline value totals Rs 37,32,000. The stamp duty charged at 7% amounts to Rs 2,61,240, while the registration fee at 2% is Rs 74,640. Together, the total cost for stamp duty and registration fee is Rs 3,35,880. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Lakshmi Garden Part-II?

The Sub Registrar Office that covers Lakshmi Garden Part-II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when buying or selling property in Vandalur, as it determines the minimum value at which a property can be registered. This value is used to calculate stamp duty and registration fees, ensuring that both the buyer and seller comply with the legal requirements during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This process helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Lakshmi Garden Part-II?

The current guideline value of Lakshmi Garden Part-II is Rs 3,732 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

From the 2017 revision, where the value was Rs 2,500 per sq.ft, the guideline value increased to Rs 3,732 per sq.ft in 2023, reflecting a change of +49%.

Are there any guideline value figures for the years 2002, 2003, 2007, 2012, and 2024?

The register has no figures for Lakshmi Garden Part-II for the years 2002, 2003, 2007, 2012, and 2024.

What are the stamp duty and registration fees for property in Lakshmi Garden Part-II?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost for stamp duty and registration fees amounts to Rs 3,35,880.

Which office handles the registration for Lakshmi Garden Part-II?

The Gooduvancheri Sub Registrar Office handles the registration for Lakshmi Garden Part-II, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.