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Guideline Value

Corporate

Guideline Value for SRI LAKSHMI NAGAR (SA)

₹660/sq.ft.

The guideline value for Sri Lakshmi Nagar (sa) in Ninna Karai village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Ninna Karai

Village

Chengleput Joint II

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Lakshmi Nagar (sa)

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Sri Lakshmi Nagar (Sa) guideline value

The current guideline value of Sri Lakshmi Nagar (Sa) is Rs 660 per sq.ft, effective from 1 July 2024. This locality is situated in Ninna Karai village under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

How the guideline value of Sri Lakshmi Nagar (Sa) has changed

The guideline value for Sri Lakshmi Nagar (Sa) has undergone several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 402 per sq.ft, marking a decline of 33%. The following revision in 2023 increased the value to Rs 600 per sq.ft, and the most recent revision in 2024 raised it further to Rs 660 per sq.ft, reflecting a 10% increase from the previous year. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The significant changes include a 49% increase from 2017 to 2023 and a 10% increase from 2023 to 2024.

Guideline values in Ninna Karai

Ninna Karai village features a total of 449 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing the 2024 guideline value of Sri Lakshmi Nagar (Sa) below this median.

Stamp duty and registration fee for property in Sri Lakshmi Nagar (Sa)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Lakshmi Nagar (Sa)?

The Sub Registrar Office that covers Sri Lakshmi Nagar (Sa) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ninna Karai. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay during the registration process.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, reflecting the official rate set by the government. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Sri Lakshmi Nagar (Sa)?

The current guideline value of Sri Lakshmi Nagar (Sa) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the median guideline value in Ninna Karai?

The median guideline value for streets in Ninna Karai is Rs 1,100 per sq.ft, with Sri Lakshmi Nagar (Sa) being below this median at Rs 660 per sq.ft in 2024.

What are the stamp duty rates for properties in Sri Lakshmi Nagar (Sa)?

The stamp duty rate for properties in Sri Lakshmi Nagar (Sa) is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Lakshmi Nagar (Sa)?

The Sub Registrar Office for Sri Lakshmi Nagar (Sa) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.