Guideline Value for SRI LAKSHMI NAGAR

Sri Lakshmi Nagar guideline value

The current guideline value of Sri Lakshmi Nagar, located in Atanancheri village, is Rs 600 per sq.ft. This value is effective from the 2024 revision, which is managed by the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Sri Lakshmi Nagar has changed

The guideline value for Sri Lakshmi Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 402 per sq.ft, which remained unchanged at Rs 600 per sq.ft in the 2023 revision. The latest revision in 2024 also maintains the guideline value at Rs 600 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%, but from 2023 to 2024, there was no change at all, keeping the overall increase from 2017 to 2024 at 49% as well. Notably, the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 400 to Rs 2,500 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Sri Lakshmi Nagar's 2024 figure below this median.

• Sri Lakshmi Ganapathi Nagar: Rs 600 per sq.ft (2024)
• Sri Lakshmi Bala Nagar: Rs 600 per sq.ft (2024)
• Sri Kamatchi Nagar: Rs 700 per sq.ft (2024)
• Sri Iyyappa Nagar: Rs 500 per sq.ft (2024)
• Sri Ganesh Nagar: Rs 700 per sq.ft (2024)
• Srinivasa Perumal Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Lakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Lakshmi Nagar?

The Sub Registrar Office that covers Sri Lakshmi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property in Atanancheri. It determines the minimum value at which a property can be registered and affects the stamp duty and registration fees that buyers need to pay.

When buying or selling property, the guideline value ensures that the transaction is transparent and reflects a standardized value for the area. This helps in maintaining consistency in property transactions and ensures that both parties are aware of the applicable fees based on the guideline value.

Frequently asked questions

What is the current guideline value of Sri Lakshmi Nagar?

The current guideline value of Sri Lakshmi Nagar is Rs 600 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49% to Rs 600 per sq.ft in both the 2023 and 2024 revisions. There have been no changes in the value from 2023 to 2024.

What is the land classification for Sri Lakshmi Nagar?

The land classification for Sri Lakshmi Nagar is Residential Special Type - I, indicating its designated use for residential purposes.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 6,00,000, the total fees would be Rs 54,000.

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

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.