Guideline Value for Lakshmiamman Koil 1st Street

Lakshmiamman Koil 1st Street guideline value

The current guideline value of Lakshmiamman Koil 1st Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Puzhal village under the Redhills SRO and is classified as Residential Class I Type - I.

How the guideline value of Lakshmiamman Koil 1st Street has changed

The guideline value for Lakshmiamman Koil 1st Street has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a 275% rise. However, from 2012 to 2017, the value decreased to Rs 1,005 per sq.ft, a drop of 33%. The value then rose to Rs 1,500 per sq.ft in 2023, and most recently, it has increased by 10% to Rs 1,650 per sq.ft in 2024.

Overall, from 2007 to 2024, the guideline value has increased by 313%. The revisions for the years 2002 and 2003 do not have figures for this street in the register.

Guideline values in Puzhal

In Puzhal, there are 270 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value is Rs 1,102 per sq.ft, placing Lakshmiamman Koil 1st Street's 2024 figure above that median.

• Lakshmi Amman Koil 2nd Lane: Rs 1,650 per sq.ft (2024)
• Lakshmiamman Koil 2nd Street: Rs 1,650 per sq.ft (2024)
• Lakshmi Amman Koil 3rd Lane: Rs 1,650 per sq.ft (2024)
• Lakshmiamman Koil 3rd Street: Rs 1,650 per sq.ft (2024)
• Lakshmi Amman Koil First Lane: Rs 1,650 per sq.ft (2024)
• Lakshmiamman Koil Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Lakshmiamman Koil 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total cost Rs 1,48,500. Please note that 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 details.

Which Sub Registrar Office covers Lakshmiamman Koil 1st Street?

The Sub Registrar Office that covers Lakshmiamman Koil 1st Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Puzhal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration fees and stamp duties are calculated accurately.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is important to be aware of the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Lakshmiamman Koil 1st Street?

The current guideline value of Lakshmiamman Koil 1st Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 313% over the years.

What are the stamp duty and registration fees for property in Lakshmiamman Koil 1st Street?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office covers this area?

The Redhills Sub Registrar Office covers Lakshmiamman Koil 1st Street, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the median guideline value in Puzhal?

The median guideline value in Puzhal is Rs 1,102 per sq.ft, with Lakshmiamman Koil 1st Street's guideline value being above this median at Rs 1,650 per sq.ft.