Guideline Value for SRI LAKSHMI GUBERAN NAGAR

Sri Lakshmi Guberan Nagar guideline value

The current guideline value of Sri Lakshmi Guberan Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Valluvapakkam village and falls under the Walajabad SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Sri Lakshmi Guberan Nagar has changed

Over the years, the guideline value for Sri Lakshmi Guberan Nagar has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft. The value then increased to Rs 300 per sq.ft in both the 2023 and 2024 revisions, showing a significant increase of 49% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has not changed.

The register does not provide figures for the years 2002, 2003, and 2007 for this street. Therefore, the only revisions that apply are from 2012, 2017, 2023, and 2024.

Guideline values in Valluvapakkam

In Valluvapakkam, there are 20 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Sri Lakshmi Guberan Nagar is above this median.

• Sri Mahalakshmi Nagar: Rs 250 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 250 per sq.ft (2024)
• Sri Angalaparameshwari Nagar: Rs 250 per sq.ft (2024)
• Sri Sai Nagar: Rs 300 per sq.ft (2024)
• Sri Saraswathi Nagar: Rs 250 per sq.ft (2024)
• Sri Saravana Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Lakshmi Guberan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Lakshmi Guberan Nagar?

The Sub Registrar Office that covers Sri Lakshmi Guberan Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Valluvapakkam. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees. Buyers and sellers must consider this value when negotiating sale prices.

When a property is sold, the guideline value serves as a benchmark for calculating the stamp duty and registration fees. This ensures that all transactions are conducted transparently and fairly, reflecting the official valuation of the property in the area.

Frequently asked questions

What is the current guideline value of Sri Lakshmi Guberan Nagar?

The current guideline value of Sri Lakshmi Guberan Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a drop to Rs 201 per sq.ft in 2017, followed by an increase back to Rs 300 per sq.ft in 2023 and 2024.

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which office handles property registration in Sri Lakshmi Guberan Nagar?

The Walajabad Sub Registrar Office handles property registration in Sri Lakshmi Guberan Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

Where can I find more information about guideline values in Valluvapakkam?

For more information about guideline values in Valluvapakkam, you can refer to the Registration Department's guideline value register (TNReginet).