Guideline Value for Lakshmi nagar 567,566,643,967

Lakshmi nagar 567,566,643,967 guideline value

The current guideline value for Lakshmi nagar 567,566,643,967 is Rs 1,980 per sq.ft, effective from 1 July 2024. This property is located in Poonthamallee village, under the Poonamallee SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Lakshmi nagar 567,566,643,967 has changed

The guideline value has seen significant changes over the years. In 2007, the value was Rs 200 per sq.ft, which increased to Rs 1,800 per sq.ft in 2012. However, it then decreased to Rs 1,206 per sq.ft in 2017. The value rose to Rs 1,800 per sq.ft in 2023, and finally reached Rs 1,980 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Between the revisions, there were notable changes. From 2017 to 2023, the guideline value increased by 49%. The 2012 to 2017 period saw a decrease of 33%. The most significant increase occurred from 2007 to 2012, with an increase of 800%. Overall, from 2007 to 2024, the guideline value has increased by 890%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Poonthamallee

Poonthamallee village has 257 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 1,980 to Rs 4,950 per sq.ft, with a median value of Rs 2,200 per sq.ft. Lakshmi nagar 567,566,643,967's 2024 guideline value is below this median.

• Lakshmi nagar 447: Rs 1,980 per sq.ft (2024)
• Lakshmi Nagar: Rs 2,200 per sq.ft (2024)
• Lakshmipuram: Rs 3,250 per sq.ft (2024)
• Kundrathoor Road Door No 1st To 19: Rs 2,740 per sq.ft (2024)
• Kundrathoor Road 24 To 130: Rs 2,740 per sq.ft (2024)
• Kundrathoor road: Rs 2,740 per sq.ft (2024)

Stamp duty and registration fee for property in Lakshmi nagar 567,566,643,967

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty calculated at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees to Rs 1,78,200. 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 nagar 567,566,643,967?

The property falls under the jurisdiction of the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for further assistance.

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

The guideline value is a critical factor when registering property transactions in Poonthamallee. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that all legal requirements are met during the buying and selling process.

When a buyer or seller approaches the registration office, the guideline value helps establish a fair baseline for the transaction. It is essential for both parties to understand this value as it impacts the overall cost of the property transfer.

Frequently asked questions

What is the current guideline value for Lakshmi nagar 567,566,643,967?

The current guideline value for Lakshmi nagar 567,566,643,967 is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, showing an overall increase of 890% over the years.

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

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles the registration for this property?

The Poonamallee Sub Registrar Office handles the registration for properties in Lakshmi nagar 567,566,643,967, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions, serving as a baseline for legal and financial aspects of buying or selling property.