Guideline Value for SRI GAJALAKSHMI NAGAR

Sri Gajalakshmi Nagar guideline value

The current guideline value of Sri Gajalakshmi Nagar is Rs 111 per sq.ft, effective from 1 July 2024. This locality is situated in Alapakkam village under the Arani_Tiruvallur SRO, and it falls under the Residential Class IV Type - II land classification.

How the guideline value of Sri Gajalakshmi Nagar has changed

The guideline value for Sri Gajalakshmi Nagar has been recorded in the revisions for 2023 and 2024, both at Rs 111 per sq.ft. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 111 per sq.ft. This consistency indicates stability in the guideline value for this street during the specified period.

Guideline values in Alapakkam

In Alapakkam, there are five streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 111 per sq.ft, with the median value being Rs 111 per sq.ft. Sri Gajalakshmi Nagar's 2024 figure aligns with this median.

• Sri Dhanalakshmi Nagar: Rs 100 per sq.ft (2024)
• Sri Gejalakshmi Nagar: Rs 111 per sq.ft (2024)
• Sri Amman Nagar: Rs 100 per sq.ft (2024)
• Sadaanandaa Homes: Rs 111 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Gajalakshmi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 111 per sq.ft, the guideline value amounts to Rs 1,11,000. The stamp duty at 7% would be Rs 7,770, and the registration fee at 2% would be Rs 2,220, making the total Rs 9,990. 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 Sri Gajalakshmi Nagar?

The Sub Registrar Office that covers Sri Gajalakshmi Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, ponneri(tk), thiruvallur(dt) - 601 101, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Alapakkam, as it determines the base value for calculating stamp duty and registration fees. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during property transactions.

When a property is sold, the guideline value is considered alongside the sale price. The higher of the two is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value of Sri Gajalakshmi Nagar?

The current guideline value of Sri Gajalakshmi Nagar is Rs 111 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 111 per sq.ft for the revisions in 2023 and 2024. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a plot of 1,000 sq.ft at Rs 111 per sq.ft, the total cost for stamp duty and registration fees would be Rs 9,990.

Which Sub Registrar Office covers Sri Gajalakshmi Nagar?

Sri Gajalakshmi Nagar falls under the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, ponneri(tk), thiruvallur(dt) - 601 101, Chennai registration zone.

Where can I find more information about the guideline value?

More information about the guideline value can be found in the Registration Department's guideline value register (TNReginet), which provides details on various streets and their respective values.