Guideline Value for SRI LAKSHMI NARASIMMA GARDEN

Sri Lakshmi Narasimma Garden guideline value

The current guideline value of Sri Lakshmi Narasimma Garden is Rs 374 per sq.ft. This property is located in Acharapakkam village, under the Acchirapakkam SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Sri Lakshmi Narasimma Garden has changed

The guideline value for Sri Lakshmi Narasimma Garden has remained consistent at Rs 374 per sq.ft from the 2023 revision to the 2024 revision, reflecting a change of +0%. Prior to this, the register has no figure for this street from the revisions in 2017, 2012, 2007, 2003, and 2002.

In the 2024 revision, the guideline value is set at Rs 374 per sq.ft, which is the same as the 2023 revision. This indicates stability in the guideline value for this street over the last two years.

Guideline values in Acharapakkam

In Acharapakkam, there are 61 streets under the Acchirapakkam SRO with a 2024 guideline value ranging from Rs 250 to Rs 600 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Sri Lakshmi Narasimma Garden's 2024 figure below that median.

• Sri Aatchiswarar Nagar: Rs 400 per sq.ft (2024)
• South Mada Street (Bajanai Koil Street) Ward 13: Rs 400 per sq.ft (2024)
• Thoppu Street Ward 10: Rs 350 per sq.ft (2024)
• Thulasi Garden: Rs 374 per sq.ft (2024)
• Rukmani Garden Extension: Rs 402 per sq.ft (2024)
• Rukmani Garden: Rs 523 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Lakshmi Narasimma Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 374 per sq.ft, the total guideline value amounts to Rs 3,74,000. The stamp duty at 7% would be Rs 26,180, and the registration fee at 2% would be Rs 7,480, making the total charges Rs 33,660. It is important to note that the 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 precise calculations.

Which Sub Registrar Office covers Sri Lakshmi Narasimma Garden?

The Sub Registrar Office that covers Sri Lakshmi Narasimma Garden is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Acharapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold or purchased, the guideline value is assessed to ensure that the transaction is recorded at a value that reflects the current market conditions. This helps in maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value for Sri Lakshmi Narasimma Garden?

The current guideline value for Sri Lakshmi Narasimma Garden is Rs 374 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 374 per sq.ft from 2023 to 2024, with no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Sri Lakshmi Narasimma Garden?

Sri Lakshmi Narasimma Garden is classified as Residential Class II Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 3,74,000, the stamp duty would be Rs 26,180, and the registration fee would be Rs 7,480, totaling Rs 33,660. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Sri Lakshmi Narasimma Garden?

The Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone, handles registrations for Sri Lakshmi Narasimma Garden.