Guideline Value for Lakshmi Nagar

Lakshmi Nagar guideline value

The current guideline value of Lakshmi Nagar in Nallur_2 village under the Redhills SRO is Rs 400 per sq.ft. This value was established in the 2023 revision. The land classification for this area is Residential Class III Type - I.

How the guideline value of Lakshmi Nagar has changed

The guideline value for Lakshmi Nagar has undergone several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 268 per sq.ft. In the subsequent 2023 revision, the guideline value increased to Rs 400 per sq.ft, reflecting a change of +49% from the previous figure.

There are no figures available for the revisions in 2002, 2003, 2007, 2012, or 2024 for this street, indicating that the only recorded values are from 2017 and 2023.

Guideline values in Nallur_2

Currently, there are no specific village figures available for Nallur_2. Lakshmi Nagar is the only street mentioned in this context.

Stamp duty and registration fee for property in Lakshmi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. 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?

The Sub Registrar Office that covers Lakshmi Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Nallur_2

The guideline value is a crucial factor in the registration process of property transactions in Nallur_2. It serves as a reference point for calculating stamp duty and registration fees, ensuring that both the buyer and seller are aware of the financial obligations involved.

When purchasing or selling property, it is essential to consider the guideline value as it affects the overall cost of the transaction. This value helps in determining the official price at which the property will be registered, thereby influencing the taxes applicable.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar?

The current guideline value of Lakshmi Nagar is Rs 400 per sq.ft, as per the 2023 revision.

How much has the guideline value changed from 2017 to 2023?

The guideline value changed from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, marking an increase of +49%.

Are there any guideline values for years other than 2017 and 2023?

No, there are no guideline values available for the years 2002, 2003, 2007, 2012, or 2024 for Lakshmi Nagar.

What are the stamp duty and registration fees for a property in Lakshmi Nagar?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

Where is the Sub Registrar Office for Lakshmi Nagar located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.