Guideline Value for SRI GEJALAKSHMI NAGAR

Sri Gejalakshmi Nagar guideline value

The current guideline value of Sri Gejalakshmi Nagar is Rs 111 per sq.ft, effective from 1 July 2024. This area is located in Alapakkam village under the Arani_Tiruvallur SRO, classified as Residential Class IV Type - II.

How the guideline value of Sri Gejalakshmi Nagar has changed

The register has no figure for Sri Gejalakshmi Nagar for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 111 per sq.ft, which remained unchanged in the 2024 revision, also at Rs 111 per sq.ft, reflecting a change of +0% from 2023 to 2024.

Thus, the only recorded figures for this street in the recent revisions are from 2023 and 2024, both at Rs 111 per sq.ft.

Guideline values in Alapakkam

In Alapakkam, five streets under the Arani_Tiruvallur SRO have 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 Gejalakshmi Nagar's 2024 figure is equal to this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 111 per sq.ft, the total 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, together totaling Rs 9,990. 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 precise calculations.

Which Sub Registrar Office covers Sri Gejalakshmi Nagar?

Sri Gejalakshmi Nagar falls under the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. 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 in property transactions in Alapakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value for calculating stamp duty and registration fees during the sale process.

When registering a property, the guideline value is used to assess the applicable charges. It ensures that the transaction is recorded at a value that reflects the current market conditions, as determined by the registration department.

Frequently asked questions

What is the current guideline value of Sri Gejalakshmi Nagar?

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

How has the guideline value changed over the years?

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

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 1,11,000 in Sri Gejalakshmi Nagar, the stamp duty would be Rs 7,770 and the registration fee would be Rs 2,220, totaling Rs 9,990. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Sri Gejalakshmi Nagar?

The Arani_Tiruvallur Sub Registrar Office manages property registrations for Sri Gejalakshmi Nagar. The office is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.

What is the land classification for Sri Gejalakshmi Nagar?

Sri Gejalakshmi Nagar is classified as Residential Class IV Type - II. This classification is important for determining the guideline value and other regulatory aspects of property transactions in the area.