Guideline Value for SAI MAHALAKSHMI NAGAR

Sai Mahalakshmi Nagar guideline value

The current guideline value of Sai Mahalakshmi Nagar is Rs 1,800 per sq.ft, as per the 2023 revision. This area is located in Nalambakkam village and falls under the Gooduvancheri SRO. The land classification for this locality is Mixed Special Type - II.

How the guideline value of Sai Mahalakshmi Nagar has changed

According to the guideline value register, the revisions for Sai Mahalakshmi Nagar have been limited. The most recent revision in 2023 set the guideline value at Rs 1,800 per sq.ft. Previous revisions in 2024, 2017, 2012, 2007, 2003, and 2002 have no figures listed for this street.

There have been no changes between the revisions above, indicating a stable guideline value in recent years. The only available figure is from the 2023 revision, which remains unchanged from previous years.

Guideline values in Nalambakkam

Currently, there are no specific village figures provided for Nalambakkam. Sai Mahalakshmi Nagar is part of this locality, which is covered by the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sai Mahalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total to Rs 1,62,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sai Mahalakshmi Nagar?

The Sub Registrar Office that covers Sai Mahalakshmi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Nalambakkam. It serves as the basis for calculating stamp duty and registration fees, ensuring that all transactions are recorded at a standardized value.

When buying or selling property, the guideline value is compared to the sale price, with the higher of the two being used to determine the applicable duties. This practice helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sai Mahalakshmi Nagar?

The current guideline value of Sai Mahalakshmi Nagar is Rs 1,800 per sq.ft, as per the 2023 revision.

When was the last revision of the guideline value for Sai Mahalakshmi Nagar?

The last revision of the guideline value for Sai Mahalakshmi Nagar was in 2023.

Are there any previous guideline values for Sai Mahalakshmi Nagar?

Yes, there are previous revisions, but the register has no figures for the years 2024, 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Sai Mahalakshmi Nagar?

The land classification for Sai Mahalakshmi Nagar is Mixed Special Type - II.

Where can I find the Sub Registrar Office for Sai Mahalakshmi Nagar?

The Sub Registrar Office for Sai Mahalakshmi Nagar is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.