Guideline Value for SRI GAJALAKSHMI NAGAR

Sri Gajalakshmi Nagar guideline value

The current guideline value of Sri Gajalakshmi Nagar is Rs 1,000 per sq.ft, as per the 2023 revision. This area falls under Rathinamangalam village and is governed by the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - II.

How the guideline value of Sri Gajalakshmi Nagar has changed

In the 2017 revision, the guideline value was Rs 670 per sq.ft. This figure was updated to Rs 1,000 per sq.ft in the 2023 revision, marking an increase of 49%. There are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street.

The increase from 2017 to 2023 reflects a significant change in the guideline value, moving from Rs 670 to Rs 1,000 per sq.ft. This change indicates a notable adjustment in the valuation of properties in Sri Gajalakshmi Nagar over the six-year period.

Guideline values in Rathinamangalam

Currently, there are no specific village figures provided for Rathinamangalam. Sri Gajalakshmi Nagar is one of the streets under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sri Gajalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total cost for these fees to Rs 90,000. It is important to note that 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 more information.

Which Sub Registrar Office covers Sri Gajalakshmi Nagar?

The Sub Registrar Office that covers Sri Gajalakshmi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Rathinamangalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is conducted at a legally recognized value.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that all parties involved in the transaction are aware of the financial obligations associated with the property transfer.

Frequently asked questions

What is the current guideline value of Sri Gajalakshmi Nagar?

The current guideline value of Sri Gajalakshmi Nagar is Rs 1,000 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, which is a change of 49%. There are no figures available for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street.

What are the stamp duty and registration fees for properties in Sri Gajalakshmi Nagar?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. Duty is charged on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sri Gajalakshmi Nagar located?

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

How is the guideline value determined for properties in Rathinamangalam?

The guideline value is determined by the Registration Department and serves as a benchmark for property transactions. It is used to calculate the applicable stamp duty and registration fees during the registration process.