Guideline Value for SAILAKSHMI NAGAR

Sailakshmi Nagar guideline value

The current guideline value of Sailakshmi Nagar, located in Neithavoyal 2 village under the Ponneri SRO, is Rs 100 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sailakshmi Nagar has changed

In reviewing the guideline value revisions for Sailakshmi Nagar, it is noted that there are no figures available for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 100 per sq.ft, which remained unchanged in the 2024 revision. Thus, the change from 2023 to 2024 is recorded as +0%.

As a result, the guideline value for Sailakshmi Nagar has consistently been Rs 100 per sq.ft since the 2023 revision. The absence of figures for earlier years indicates that there has been no recorded change in the guideline value for this street in those years.

Guideline values in Neithavoyal 2

In Neithavoyal 2, there are three streets under the Ponneri SRO that carry a guideline value for the year 2024, ranging from Rs 100 to Rs 300 per sq.ft. The median value for these streets is Rs 100 per sq.ft, which is equal to the guideline value of Sailakshmi Nagar.

• C.R.B.Nagar: Rs 100 per sq.ft (2024)
• Heavanya Garden: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sailakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty, calculated at 7%, would be Rs 7,000, while the registration fee at 2% would be Rs 2,000. Therefore, the total fees together would be Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sailakshmi Nagar?

The Sub Registrar Office that covers Sailakshmi Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For further details, you can find your SRO.

How the guideline value is used when you buy or sell in Neithavoyal 2

The guideline value plays a crucial role in property transactions within Neithavoyal 2. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that the fees are calculated based on a standardized value set by the registration department.

At the time of registration, the guideline value is compared against the sale price of the property. The higher of the two values will be used to calculate the stamp duty and registration fees, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sailakshmi Nagar?

The current guideline value of Sailakshmi Nagar is Rs 100 per sq.ft, effective from the 2024 revision on 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sailakshmi Nagar has remained at Rs 100 per sq.ft since the 2023 revision. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the other streets in Neithavoyal 2 with guideline values?

In addition to Sailakshmi Nagar, other streets in Neithavoyal 2 include C.R.B.Nagar, which has a guideline value of Rs 100 per sq.ft, and Heavanya Garden, which has a guideline value of Rs 300 per sq.ft for 2024.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles registrations for properties in Sailakshmi Nagar.

How is stamp duty calculated for properties in Sailakshmi Nagar?

Stamp duty for properties in Sailakshmi Nagar is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 1,00,000, the stamp duty would be Rs 7,000, and the registration fee would be Rs 2,000, totaling Rs 9,000.