Guideline Value

Corporate

Guideline Value for SRI LAKSHMI NAGAR ANNEX

₹385/sq.ft.

The guideline value for Sri Lakshmi Nagar Annex in Perungavur village (Redhills SRO, Chennai zone) is Rs 385 per sq.ft, effective 1 July 2024. It was Rs 350 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungavur

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹385 /sq.ft.
From 1-4-2023 ₹350 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹234 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹350 /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)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Lakshmi Nagar Annex

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Sri Lakshmi Nagar Annex guideline value

The current guideline value of Sri Lakshmi Nagar Annex is Rs 385 per sq.ft, effective from 1 July 2024. This area is located in Perungavur village, under the Redhills SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sri Lakshmi Nagar Annex has changed

The guideline value for Sri Lakshmi Nagar Annex has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 385 per sq.ft, an increase from Rs 350 per sq.ft in 2023, marking a 10% rise. Prior to that, the 2017 revision recorded a value of Rs 234 per sq.ft, which was a significant increase of 50% from the previous 2012 revision, where the value was Rs 350 per sq.ft. The 2012 figure reflects a decrease of 33% from the 2017 revision.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Perungavur

In Perungavur, there are 79 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft, with a median value of Rs 275 per sq.ft. The guideline value for Sri Lakshmi Nagar Annex is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 385 per sq.ft, the total guideline value amounts to Rs 3,85,000. The stamp duty at 7% would be Rs 26,950, and the registration fee at 2% would be Rs 7,700, bringing the total fees to Rs 34,650. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Lakshmi Nagar Annex?

The Sub Registrar Office that covers Sri Lakshmi Nagar Annex is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Perungavur. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is recorded at a fair value in the government records.

When buying or selling property in this area, the guideline value is used to calculate the applicable stamp duty and registration fees, which are necessary for the legal transfer of ownership. It is essential for buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Sri Lakshmi Nagar Annex is Rs 385 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2023 to Rs 385 per sq.ft in 2024, a 10% increase. It was Rs 234 per sq.ft in 2017, which was a 50% increase from Rs 350 per sq.ft in 2012.

What other streets have guideline values in Perungavur?

Other streets in Perungavur include Sri Krishna Nagar at Rs 275 per sq.ft, Sri Iswariya Garden at Rs 220 per sq.ft, and Sri Dhanalakshmi Nagar Phase I at Rs 220 per sq.ft, among others.

How is stamp duty calculated for properties in Sri Lakshmi Nagar Annex?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 385 per sq.ft would incur a stamp duty of Rs 26,950.

Where is the Sub Registrar Office for Sri Lakshmi Nagar Annex located?

The Sub Registrar Office for Sri Lakshmi Nagar Annex is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.