Guideline Value for SAI LAKSHMI NAGAR

Sai Lakshmi Nagar guideline value

The current guideline value of Sai Lakshmi Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is part of Venpakkam village and falls under the Walajabad SRO. The land classification for this locality is Residential Special Type - III.

How the guideline value of Sai Lakshmi Nagar has changed

The guideline value for Sai Lakshmi Nagar has remained consistent at Rs 500 per sq.ft from the 2023 revision to the 2024 revision, reflecting a change of +0%. Prior to this, the 2023 revision also recorded the guideline value at Rs 500 per sq.ft.

For the revisions prior to 2023, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002. Thus, the guideline value for Sai Lakshmi Nagar has not changed since the 2023 revision.

Guideline values in Venpakkam

In Venpakkam, the guideline value is consistent across various streets. The current guideline value for Sai Lakshmi Nagar is the same as that for other streets in Venpakkam.

• Pranav Orchid: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Sai Lakshmi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sai Lakshmi Nagar?

The Sub Registrar Office that covers Sai Lakshmi Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, 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 Venpakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Venpakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the higher of the guideline value or the sale price is considered for calculating the applicable duties. This ensures that the registration department collects the appropriate fees based on the property's value.

Frequently asked questions

What is the current guideline value of Sai Lakshmi Nagar?

The current guideline value of Sai Lakshmi Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft since the 2023 revision, with no changes recorded in previous revisions for this street.

What is the land classification of Sai Lakshmi Nagar?

The land classification for Sai Lakshmi Nagar is Residential Special Type - III.

What are the stamp duty and registration fees for properties in Sai Lakshmi Nagar?

For a 1,000 sq.ft plot, the total cost for stamp duty and registration fees amounts to Rs 45,000, based on the current guideline value.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.