Guideline Value for S.K. LEELAVATHY NAGAR ANNEX

S.K. Leelavathy Nagar Annex guideline value

The current guideline value of S.K. Leelavathy Nagar Annex is Rs 300 per sq.ft, effective from 1 July 2024. This property is located in Ammannmpakkam village under the Arani_Tiruvallur SRO, classified as Residential Class IV Type - I.

How the guideline value of S.K. Leelavathy Nagar Annex has changed

The guideline value for S.K. Leelavathy Nagar Annex has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 300 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 201 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Ammannmpakkam

Ammannmpakkam has 10 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft, with a median value of Rs 325 per sq.ft. The guideline value for S.K. Leelavathy Nagar Annex is below this median.

• Sri Balaji Nagar: Rs 350 per sq.ft (2024)
• Sri Govindan Nagar: Rs 300 per sq.ft (2024)
• Sri Sai Baba Nagar: Rs 300 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 200 per sq.ft (2024)
• Sri Thulasi Nagar: Rs 400 per sq.ft (2024)
• Lakshmi Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in S.K. Leelavathy Nagar Annex

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to 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 S.K. Leelavathy Nagar Annex?

The S.K. Leelavathy Nagar Annex falls under the jurisdiction of the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Ammannmpakkam. It determines the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded at a fair value as per the government regulations.

When a buyer or seller approaches the registration office, the guideline value helps in calculating the stamp duty and registration fees applicable to the transaction. This ensures that both parties are aware of the financial obligations tied to the property transfer.

Frequently asked questions

What is the current guideline value of S.K. Leelavathy Nagar Annex?

The current guideline value of S.K. Leelavathy Nagar Annex is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2024, representing a 49% increase over that period. The value remained the same in 2023 and 2024.

What is the stamp duty for property in S.K. Leelavathy Nagar Annex?

The stamp duty for property in S.K. Leelavathy Nagar Annex is 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 21,000.

Which Sub Registrar Office covers S.K. Leelavathy Nagar Annex?

The Arani_Tiruvallur Sub Registrar Office covers S.K. Leelavathy Nagar Annex. It is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.

What is the land classification of S.K. Leelavathy Nagar Annex?

S.K. Leelavathy Nagar Annex is classified as Residential Class IV Type - I, which is relevant for determining the guideline value and other regulatory aspects of property transactions in the area.