Guideline Value for SRI LAKSHMI NARASIMA PERUMAL NAGAR

Sri Lakshmi Narasima Perumal Nagar guideline value

The current guideline value of Sri Lakshmi Narasima Perumal Nagar is Rs 350 per sq.ft, effective from 1 July 2024. This village falls under the Walajabad Sub Registrar Office (SRO) in the Chengalpattu zone and is classified as Residential Class I Type - I.

How the guideline value of Sri Lakshmi Narasima Perumal Nagar has changed

The guideline value for Sri Lakshmi Narasima Perumal Nagar has remained consistent at Rs 350 per sq.ft from the 2023 revision to the 2024 revision, showing no percentage change. Prior to this, the 2017 revision set the value at Rs 234 per sq.ft, marking a 50% increase to the 2023 figure.

Overall, from the 2017 revision to the 2024 revision, the guideline value increased by 50%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Uthukkadu - A

In Uthukkadu - A, there are 38 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft. The median value for these streets is Rs 350 per sq.ft, which matches the guideline value of Sri Lakshmi Narasima Perumal Nagar.

• Sri Lakshmi Narasimma Perumal Nagar: Rs 350 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 350 per sq.ft (2024)
• Srinath Nagar: Rs 800 per sq.ft (2024)
• Sri Hari Nagar: Rs 300 per sq.ft (2024)
• Sri Rangiyam Karuppar Avenue: Rs 350 per sq.ft (2024)
• Sri Balaji Avenue: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Lakshmi Narasima Perumal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total to Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Lakshmi Narasima Perumal Nagar?

The Sri Lakshmi Narasima Perumal Nagar is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Uthukkadu - A

The guideline value is a crucial factor in property transactions in Uthukkadu - A, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the transaction reflects the guideline value accurately, as this will impact the costs associated with the sale, including stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Sri Lakshmi Narasima Perumal Nagar?

The current guideline value of Sri Lakshmi Narasima Perumal Nagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 350 per sq.ft from 2023 to 2024. It increased from Rs 234 per sq.ft in 2017 to Rs 350 per sq.ft in 2023, marking a 50% increase overall from 2017 to 2024.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 3,50,000, the total stamp duty would be Rs 24,500, and the registration fee would be Rs 7,000.

Which office handles property registrations for Sri Lakshmi Narasima Perumal Nagar?

The Walajabad Sub Registrar Office handles property registrations for Sri Lakshmi Narasima Perumal Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

What is the land classification for Sri Lakshmi Narasima Perumal Nagar?

Sri Lakshmi Narasima Perumal Nagar is classified as Residential Class I Type - I, indicating its designation for residential use.