Guideline Value for Lakshmi Priya Farm Lands

Lakshmi Priya Farm Lands guideline value

The current guideline value for Lakshmi Priya Farm Lands is Rs 150 per sq.ft. It is located in Echur_B village under the Sunguvarchattram SRO, classified as Residential Class IV Type - I.

How the guideline value of Lakshmi Priya Farm Lands has changed

The guideline value for Lakshmi Priya Farm Lands has seen several revisions over the years. The 2017 revision set the value at Rs 100 per sq.ft, which remained unchanged at Rs 150 per sq.ft in the 2023 revision. The most recent revision in 2024 also maintains the value at Rs 150 per sq.ft, resulting in no percentage change from 2023 to 2024. Overall, from 2017 to 2024, the guideline value increased by 50%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions that apply are from 2017, 2023, and 2024.

Guideline values in Echur_B

In Echur_B, there are 26 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 300 per sq.ft, with a median value of Rs 150 per sq.ft. Lakshmi Priya Farm Lands' 2024 figure is equal to this median.

• 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, resulting in a total of Rs 13,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Lakshmi Priya Farm Lands?

The Lakshmi Priya Farm Lands fall under the Sunguvarchattram Sub Registrar Office located at Vadivamal Nagar Kandigai Road Caparo Company Opp, sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Echur_B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

During registration, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the transaction is recorded accurately and complies with the regulations set by the Registration Department.

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 as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in both 2023 and 2024, reflecting a 50% increase overall from 2017 to 2024.

What is the median guideline value in Echur_B?

The median guideline value in Echur_B is Rs 150 per sq.ft, which is the same as the guideline value for Lakshmi Priya Farm Lands.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500, and the registration fee would be Rs 3,000, totaling Rs 13,500.

Where can I find the Sub Registrar Office for Lakshmi Priya Farm Lands?

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