Guideline Value for Lakshmi Priya Farm Lands

Lakshmi Priya Farm Lands guideline value

The current guideline value of Lakshmi Priya Farm Lands is Rs 150 per sq.ft, effective from 1 July 2024. This property is located in Echur village under the Sunguvarchattram SRO and is classified as Residential Class IV Type - I.

How the guideline value of Lakshmi Priya Farm Lands has changed

Over the years, the guideline value for Lakshmi Priya Farm Lands has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft. The value then increased by 50% to Rs 150 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision, showing a 0% change from the previous year. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2024 revision, the overall change has been 0%, indicating that the guideline value has stabilized since 2012. The 2024 figure is consistent with the median value for other streets in Echur, which also ranges from Rs 150 to Rs 300 per sq.ft.

Guideline values in Echur

Echur village has 26 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 150 to Rs 300 per sq.ft. The median value is Rs 150 per sq.ft, which is the same as the guideline value for Lakshmi Priya Farm Lands.

• Kurukku Street: Rs 150 per sq.ft (2024)
• Mantheivelliamman Kovil Streer: Rs 150 per sq.ft (2024)
• Mettu Street: Rs 200 per sq.ft (2024)
• Mettu Street in Cross Street: Rs 150 per sq.ft (2024)
• Kanakkar Street: Rs 150 per sq.ft (2024)
• Kammmalr Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Lakshmi Priya Farm Lands

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total cost for these fees to Rs 13,500. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lakshmi Priya Farm Lands?

The Sub Registrar Office that covers Lakshmi Priya Farm Lands is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Echur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which the property can be registered. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of Lakshmi Priya Farm Lands?

The current guideline value of Lakshmi Priya Farm Lands is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions: Rs 150 per sq.ft in 2012, decreased to Rs 100 per sq.ft in 2017, then increased back to Rs 150 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for Lakshmi Priya Farm Lands?

Lakshmi Priya Farm Lands is classified as Residential Class IV Type - I, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the stamp duty is Rs 10,500 and the registration fee is Rs 3,000, totaling Rs 13,500. These fees are based on the guideline value of Rs 1,50,000.

Where is the Sub Registrar Office for Lakshmi Priya Farm Lands located?

The Sub Registrar Office for Lakshmi Priya Farm Lands is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.