Guideline Value for Nemili Sri Lakshmi Town

Nemili Sri Lakshmi Town guideline value

The current guideline value of Nemili Sri Lakshmi Town, located in Nemili_B village under the Sriperumpudur SRO, is Rs 250 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Nemili Sri Lakshmi Town has changed

The guideline value for Nemili Sri Lakshmi Town has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 250 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 167 per sq.ft, reflecting a 50% increase from 2017 to 2023.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from 2017 to 2024, the guideline value has increased by 50%.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft. The median value is Rs 250 per sq.ft, making the current value of Nemili Sri Lakshmi Town equal to this median. Below are the guideline values for other streets in Nemili_B:

• Nemili Park: Rs 250 per sq.ft (2024)
• Nehru Street: Rs 250 per sq.ft (2024)
• Nehru Nagar: Rs 250 per sq.ft (2024)
• Nadu Street: Rs 200 per sq.ft (2024)
• Murugan Koil Street: Rs 200 per sq.ft (2024)
• Mookambigai Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Nemili Sri Lakshmi Town

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, making a total of Rs 22,500. Please 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 Nemili Sri Lakshmi Town?

The Sub Registrar Office covering Nemili Sri Lakshmi Town is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Nemili_B. It is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value serves as a benchmark for determining the minimum value of a property. This ensures that the transaction is registered at a value that reflects the official rates set by the government.

Frequently asked questions

What is the current guideline value of Nemili Sri Lakshmi Town?

The current guideline value of Nemili Sri Lakshmi Town is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2023 to 2024, and it increased by 50% from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023.

What are the guideline values for other streets in Nemili_B?

Other streets in Nemili_B have varying guideline values, with some streets like Nemili Park, Nehru Street, and Mookambigai Nagar also at Rs 250 per sq.ft, while Nadu Street and Murugan Koil Street are at Rs 200 per sq.ft.

What fees are associated with property registration in Nemili Sri Lakshmi Town?

When registering property in Nemili Sri Lakshmi Town, the fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Nemili Sri Lakshmi Town located?

The Sub Registrar Office for Nemili Sri Lakshmi Town is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.