Guideline Value for SRI LAKSHMI NAGAR

Sri Lakshmi Nagar guideline value

The current guideline value of Sri Lakshmi Nagar, located in Orathur village under the Gooduvancheri SRO, is Rs 500 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

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 2024 revision maintains the guideline value at Rs 500 per sq.ft, the same as the 2023 revision. The 2017 revision recorded a value of Rs 335 per sq.ft, marking a significant increase of 49% from that year to 2023. The 2012 revision also had a guideline value of Rs 500 per sq.ft, reflecting a decrease of 33% from the 2017 figure.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 500 per sq.ft.

Guideline values in Orathur

In Orathur, there are 80 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 335 to Rs 1,700 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value for Sri Lakshmi Nagar is equal to this median.

• Sri Maruthi Nagar: Rs 500 per sq.ft (2024)
• SRI Maruthi Nagar Phase I: Rs 500 per sq.ft (2024)
• Sri Mukthi Vinayagar Nagar: Rs 500 per sq.ft (2024)
• Sri Ganesh Nagar: Rs 500 per sq.ft (2024)
• Sri Parvathi Amman Nagar: Rs 500 per sq.ft (2024)
• Sri Devi Karumariyamman Nagar: Rs 500 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 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Lakshmi Nagar?

Sri Lakshmi Nagar is covered by 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 details.

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

The guideline value is crucial during property transactions in Orathur, as it determines the base value for stamp duty and registration fees. When a property is bought or sold, the guideline value serves as a reference point to calculate the applicable taxes and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sri Lakshmi Nagar?

The current guideline value of Sri Lakshmi Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent 2024 revision maintaining it at Rs 500 per sq.ft. The value was Rs 335 per sq.ft in 2017, and it was Rs 500 per sq.ft in 2012.

What is the land classification for Sri Lakshmi Nagar?

Sri Lakshmi Nagar is classified as Residential Special Type - II, indicating its designation for residential purposes within the area.

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

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000. These fees are based on the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers Sri Lakshmi Nagar?

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