Guideline Value for Lakshmi priya Nagar

Lakshmi priya Nagar guideline value

The current guideline value of Lakshmi priya Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Koozhangacheri village, under the Sunguvarchattram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Lakshmi priya Nagar has changed

Over the years, the guideline value of Lakshmi priya Nagar has seen several revisions. The 2007 revision set the value at Rs 65 per sq.ft, which increased significantly to Rs 200 per sq.ft in 2012. However, this was followed by a decrease to Rs 134 per sq.ft in 2017. The value remained stable at Rs 200 per sq.ft for the revisions in 2023 and 2024, indicating no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The overall change from the 2007 revision to the 2024 revision shows a substantial increase of 208%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Koozhangacheri

Koozhangacheri village has a total of 47 streets under the Sunguvarchattram SRO, with 2024 guideline values ranging from Rs 200 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 226 per sq.ft, placing Lakshmi priya Nagar's current value below this median.

• Lenin Nagar: Rs 250 per sq.ft (2024)
• Kalathumettu Street: Rs 200 per sq.ft (2024)
• Muthallamman Kovil Street: Rs 200 per sq.ft (2024)
• Navarathnapuri Phase - II: Rs 747 per sq.ft (2024)
• Navarthinapuri: Rs 400 per sq.ft (2024)
• Nehru Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Lakshmi priya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total fees Rs 18,000. 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 information.

Which Sub Registrar Office covers Lakshmi priya Nagar?

The Sub Registrar Office that covers Lakshmi priya Nagar is 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 details.

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

When buying or selling property in Koozhangacheri, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This value acts as a benchmark for the minimum price at which properties can be registered, ensuring transparency in property transactions.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of property transactions, including the fees that need to be paid at the time of registration. Understanding these values can aid in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Lakshmi priya Nagar?

The current guideline value of Lakshmi priya Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 65 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, decreased to Rs 134 per sq.ft in 2017, and remained at Rs 200 per sq.ft in 2023 and 2024.

What is the median guideline value in Koozhangacheri?

The median guideline value for the 47 streets in Koozhangacheri is Rs 226 per sq.ft, with Lakshmi priya Nagar's value being below this median.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Where is the Sub Registrar Office for Lakshmi priya Nagar located?

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