Guideline Value

Corporate

Guideline Value for Lakshmi Nagar

₹250/sq.ft.

The guideline value for Lakshmi Nagar in Mannoor village (Sriperumpudur SRO, Chengalpattu zone) is Rs 250 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Mannoor

Village

Sriperumpudur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹250 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹150 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

27, Chetty Street, Sriperumpudur-602 105
044-27163925
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Lakshmi Nagar

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Lakshmi Nagar guideline value

The current guideline value of Lakshmi Nagar, located in Mannoor village under the Sriperumpudur SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Lakshmi Nagar has changed

Over the years, the guideline value for Lakshmi Nagar has seen various revisions. The 2007 revision set the value at Rs 150 per sq.ft, which increased to Rs 250 per sq.ft in 2012. However, the value then decreased by 33% to Rs 167 per sq.ft in 2017. The subsequent revisions in 2023 and 2024 maintained the value at Rs 250 per sq.ft, showing no change between these two years.

From 2017 to 2023, the value increased by 50%, and overall, from the 2007 revision to the 2024 revision, there has been a total increase of 67%. It is important to note that the register has no figures for Lakshmi Nagar for the years 2002 and 2003.

Guideline values in Mannoor

Mannoor village has a total of 56 streets under the Sriperumpudur SRO, with the 2024 guideline values ranging from Rs 100 to Rs 1,500 per sq.ft. The median guideline value in this area is Rs 250 per sq.ft, which is equal to the current guideline value of Lakshmi Nagar.

Stamp duty and registration fee for property in Lakshmi Nagar

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, bringing the total to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Lakshmi Nagar?

The Sub Registrar Office that covers Lakshmi Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Mannoor, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is used as a benchmark to calculate these costs, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. This value is updated periodically, reflecting changes in the real estate market and local conditions.

Frequently asked questions

What is the current guideline value of Lakshmi Nagar?

The current guideline value of Lakshmi Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions in 2023 and 2024 maintaining the value at Rs 250 per sq.ft. The value saw a decrease from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, before increasing again in the following revisions.

What are the other streets in Mannoor and their guideline values?

Other streets in Mannoor include Kulakkarai Street at Rs 200 per sq.ft, Main Road at Rs 600 per sq.ft, Karthik Nagar at Rs 250 per sq.ft, Mettu Street at Rs 200 per sq.ft, Kamatchi Nagar at Rs 250 per sq.ft, and Murugan Nagar at Rs 100 per sq.ft, all for the year 2024.

How is stamp duty calculated in Lakshmi Nagar?

Stamp duty in Lakshmi Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 2,50,000, the stamp duty at 7% would amount to Rs 17,500.

Where is the Sub Registrar Office for Lakshmi Nagar located?

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