Guideline Value for Pari Nagar Lakshmi Cross Street

Pari Nagar Lakshmi Cross Street guideline value

The current guideline value of Pari Nagar Lakshmi Cross Street is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Residential Class III Type - I.

How the guideline value of Pari Nagar Lakshmi Cross Street has changed

The guideline value for Pari Nagar Lakshmi Cross Street has undergone several revisions over the years. The oldest recorded figure is from the 2017 revision, which was Rs 1,407 per sq.ft. In the 2023 revision, this value increased to Rs 2,099 per sq.ft, marking a significant change of 49%. The most recent revision in 2024 saw another increase to Rs 2,350 per sq.ft, reflecting a 12% rise from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 67%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, which means that the 2024 figure for Pari Nagar Lakshmi Cross Street is above that median.

• Pari Nagar Lakshmi Street: Rs 2,350 per sq.ft (2024)
• Pari Nagar: Rs 2,350 per sq.ft (2024)
• Pari Nagar Mullai 1st Cross street: Rs 2,350 per sq.ft (2024)
• Pari Nagar Mullai 2nd Cross Street: Rs 2,350 per sq.ft (2024)
• Pari Nagar Mullai Street: Rs 2,350 per sq.ft (2024)
• Pari Nagar Pilliyar Koil Street: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Pari Nagar Lakshmi Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value amounts to Rs 23,50,000. The stamp duty at 7% would be Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, bringing the total fees to Rs 2,11,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pari Nagar Lakshmi Cross Street?

The Pari Nagar Lakshmi Cross Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Anakaputhur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Pari Nagar Lakshmi Cross Street?

The current guideline value of Pari Nagar Lakshmi Cross Street is Rs 2,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,407 per sq.ft to Rs 2,350 per sq.ft in 2024, representing an overall increase of 67% over the years.

What is the median guideline value for streets in Anakaputhur?

The median guideline value for the 501 streets in Anakaputhur under the Pammal SRO is Rs 1,980 per sq.ft, with Pari Nagar Lakshmi Cross Street's 2024 figure being above this median.

Where can I find the Sub Registrar Office for Pari Nagar Lakshmi Cross Street?

The Sub Registrar Office covering Pari Nagar Lakshmi Cross Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 2,11,500.