Guideline Value for Lakshmi Nagar Annex

Lakshmi Nagar Annex guideline value

The current guideline value of Lakshmi Nagar Annex in Katrampakkam B village is Rs 250 per sq.ft, effective from 1 July 2024. This property falls under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Lakshmi Nagar Annex has changed

The guideline value for Lakshmi Nagar Annex has seen several revisions over the years. In the 2017 revision, the value was Rs 167 per sq.ft. This remained unchanged in the 2023 revision, which also recorded Rs 250 per sq.ft. The current 2024 revision has kept the value at Rs 250 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a 50% increase in the guideline value, and overall, from 2017 to 2024, the increase is also 50%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Katrampakkam B

Katrampakkam B village has a total of 44 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft. The median value for these streets is Rs 275 per sq.ft, placing Lakshmi Nagar Annex below this median.

• Lakshmi Nagar: Rs 300 per sq.ft (2024)
• Mariyamman Koil Street: Rs 300 per sq.ft (2024)
• Kanniyamman Koil 2nd Street: Rs 250 per sq.ft (2024)
• Kanniyamman Koil 1st Street: Rs 250 per sq.ft (2024)
• Mettu Street: Rs 300 per sq.ft (2024)
• M.G.R Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Lakshmi Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to 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, totaling 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lakshmi Nagar Annex?

The Lakshmi Nagar Annex is covered by 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 Katrampakkam B

The guideline value is a critical factor in the registration process when buying or selling property in Katrampakkam B. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of registration.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar Annex?

The current guideline value of Lakshmi Nagar Annex 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 the 2023 revision, with a 50% increase from Rs 167 per sq.ft in 2017. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

What are the guideline values of other streets in Katrampakkam B?

Other streets in Katrampakkam B have varying guideline values, ranging from Rs 150 to Rs 800 per sq.ft. The median value for these streets is Rs 275 per sq.ft.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 2,50,000. The stamp duty would be Rs 17,500, and the registration fee would be Rs 5,000, totaling Rs 22,500.

Where can I find the Sub Registrar Office for Lakshmi Nagar Annex?

The Sriperumpudur Sub Registrar Office, which covers Lakshmi Nagar Annex, is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.