Guideline Value for Lakshminaranyan Nagar 4th Street

Lakshminaranyan Nagar 4th Street guideline value

The current guideline value of Lakshminaranyan Nagar 4th Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Lakshminaranyan Nagar 4th Street has changed

The guideline value for Lakshminaranyan Nagar 4th Street has seen several revisions over the years. Starting from Rs 160 per sq.ft in 2002, the value increased to Rs 181 per sq.ft in 2003, marking a 13% rise. In 2007, the value jumped significantly to Rs 360 per sq.ft, representing a 99% increase. The 2017 revision brought the value to Rs 1,206 per sq.ft, a notable increase of 235%. The most recent revision in 2023 set the value at Rs 1,800 per sq.ft, reflecting a 49% increase from the previous figure.

As of the 2024 revision, the guideline value is Rs 1,980 per sq.ft, which is a 10% increase from the 2023 figure. The register has no figure for the year 2012 for this street.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, indicating that the guideline value for Lakshminaranyan Nagar 4th Street is below this median.

• Lakshminaranyan Nagar 3rd Street: Rs 1,980 per sq.ft (2024)
• Lakshminaranyan Street: Rs 1,980 per sq.ft (2024)
• Lakshminaranyan Nagar 2nd Street: Rs 1,980 per sq.ft (2024)
• Lakshminaranyan Nagar 1st Street: Rs 1,980 per sq.ft (2024)
• Lakshman Street / Thandai Periyar Nagar: Rs 1,980 per sq.ft (2024)
• Lakshman Street / Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Lakshminaranyan Nagar 4th Street

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 at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, leading to a total of 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.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Lakshminaranyan Nagar 4th Street?

The Sub Registrar Office that covers Lakshminaranyan Nagar 4th Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical component in the property registration process in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with the transfer of property ownership. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Lakshminaranyan Nagar 4th Street?

The current guideline value of Lakshminaranyan Nagar 4th Street 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 160 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, representing an overall increase of 1138% over the years.

What is the land classification for Lakshminaranyan Nagar 4th Street?

Lakshminaranyan Nagar 4th Street is classified as Residential Class II Type - II.

What are the other streets in Pammal with the same guideline value?

Other streets in Pammal with the same guideline value of Rs 1,980 per sq.ft include Lakshminaranyan Nagar 3rd Street, Lakshminaranyan Street, Lakshminaranyan Nagar 2nd Street, Lakshminaranyan Nagar 1st Street, and Lakshman Street / Thandai Periyar Nagar.

How is the stamp duty calculated for properties in Lakshminaranyan Nagar 4th Street?

Stamp duty for properties in Lakshminaranyan Nagar 4th Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.