Guideline Value for SRI LAKSHMI NARASIMMAN GARDEN

Sri Lakshmi Narasimman Garden guideline value

The current guideline value of Sri Lakshmi Narasimman Garden in Puliyampakkam village is Rs 250 per sq.ft, effective from 1 July 2024. This property falls under the Walajabad Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Sri Lakshmi Narasimman Garden has changed

The guideline value for Sri Lakshmi Narasimman Garden has remained consistent over the recent revisions. In the 2023 revision, the guideline value was Rs 250 per sq.ft, and it has not changed in the 2024 revision, which also lists the value at Rs 250 per sq.ft, reflecting a change of +0% between these two years.

For earlier revisions, the register has no figure for this street in 2017, 2012, 2007, 2003, and 2002. Therefore, the only available figures are from 2023 and 2024, both set at Rs 250 per sq.ft.

Guideline values in Puliyampakkam

In Puliyampakkam, there are 26 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 550 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Sri Lakshmi Narasimman Garden at the median value for this year.

• Sri Gangai Amman Nagar: Rs 200 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 150 per sq.ft (2024)
• Sri Rangan Nagar: Rs 300 per sq.ft (2024)
• Sri Sairam Nagar: Rs 200 per sq.ft (2024)
• Sri Selvi Nagar: Rs 200 per sq.ft (2024)
• Sri Sivam Avenue: Rs 200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total cost for these fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Lakshmi Narasimman Garden?

The Sri Lakshmi Narasimman Garden 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 information.

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

The guideline value is a crucial factor in property transactions in Puliyampakkam. It serves as a benchmark for determining the stamp duty and registration fees due at the time of property registration. Buyers and sellers must be aware that the guideline value is used to calculate these fees, which are mandatory for legal property transactions.

When purchasing or selling property, the guideline value ensures that the transaction is recorded accurately and transparently. It helps in maintaining uniformity in property valuations across the region, which is essential for effective governance and regulation in real estate transactions.

Frequently asked questions

What is the current guideline value of Sri Lakshmi Narasimman Garden?

The current guideline value of Sri Lakshmi Narasimman Garden is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 250 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the other streets in Puliyampakkam with their guideline values?

Other streets in Puliyampakkam include Sri Gangai Amman Nagar at Rs 200 per sq.ft, Sri Ganapathy Nagar at Rs 150 per sq.ft, Sri Rangan Nagar at Rs 300 per sq.ft, Sri Sairam Nagar at Rs 200 per sq.ft, Sri Selvi Nagar at Rs 200 per sq.ft, and Sri Sivam Avenue at Rs 200 per sq.ft for 2024.

What fees are applicable when registering property in Sri Lakshmi Narasimman Garden?

When registering property in Sri Lakshmi Narasimman Garden, the applicable fees include a stamp duty of 7% and a registration fee of 2% on the guideline value or sale price, whichever is higher.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. This office handles all property registrations for the area, including Sri Lakshmi Narasimman Garden.