Guideline Value for SREE LAKSHMI NAGAR

Sree Lakshmi Nagar guideline value

The current guideline value of Sree Lakshmi Nagar is Rs 626 per sq.ft, effective from 1 July 2024. This area is located in Kakkalur village and falls under the Tiruvallur Joint 1 SRO, classified as Residential Class II Type - III.

How the guideline value of Sree Lakshmi Nagar has changed

The guideline value for Sree Lakshmi Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 625 per sq.ft, which then decreased to Rs 419 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 626 per sq.ft, which remained unchanged through the 2024 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the current 2024 revision, the guideline value has remained at Rs 626 per sq.ft.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO, with the 2024 guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value in this area is Rs 626 per sq.ft, which is exactly the same as the guideline value for Sree Lakshmi Nagar.

• Sree Maha Lakshmi Nagar: Rs 626 per sq.ft (2024)
• Sree Priya Nagar: Rs 626 per sq.ft (2024)
• Sree Balaji Garden: Rs 626 per sq.ft (2024)
• Sree Sakthi Nagar: Rs 626 per sq.ft (2024)
• Sree Sastha Nagar: Rs 626 per sq.ft (2024)
• Sree Srinivasa Nagar: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Lakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total guideline value amounts to Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, and the registration fee at 2% would be Rs 12,520, leading to a total of Rs 56,340. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sree Lakshmi Nagar?

Sree Lakshmi Nagar is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kakkalur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs that must be settled during the registration process. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Sree Lakshmi Nagar?

The current guideline value of Sree Lakshmi Nagar is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, then increased to Rs 626 per sq.ft in 2023 and remained the same in 2024.

What is the median guideline value in Kakkalur?

The median guideline value in Kakkalur village is Rs 626 per sq.ft, which is the same as the guideline value for Sree Lakshmi Nagar.

What are the stamp duty and registration fees for a property in Sree Lakshmi Nagar?

For a property valued at Rs 6,26,000, the stamp duty would be Rs 43,820 and the registration fee would be Rs 12,520, totaling Rs 56,340.

Which office handles registrations for Sree Lakshmi Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Sree Lakshmi Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.