Guideline Value for SRI LAKSHMINARASIMMAR NAGAR

Sri Lakshminarasimmar Nagar guideline value

The current guideline value of Sri Lakshminarasimmar Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Sirupinayoor, Thiruvanthavar, Perungazhi village, under the Salavakkam SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Sri Lakshminarasimmar Nagar has changed

In the 2012 revision, the guideline value was set at Rs 100 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft. The 2023 revision brought the value back to Rs 100 per sq.ft, which remained the same in the 2024 revision. The register has no figure for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the guideline value decreased by 33%. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 100 per sq.ft.

Guideline values in Sirupinayoor,Thiruvanthavar,Perungazhi

In Sirupinayoor, Thiruvanthavar, Perungazhi, there are 36 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,000 per sq.ft, with a median value of Rs 150 per sq.ft. The guideline value for Sri Lakshminarasimmar Nagar is below this median.

• Sri Balaji Nagar: Rs 100 per sq.ft (2024)
• Sri Sai Baba Nagar: Rs 150 per sq.ft (2024)
• Sri Sai Nagar: Rs 100 per sq.ft (2024)
• Sri Sairam Nagar: Rs 150 per sq.ft (2024)
• Sri Shanmuga Nagar: Rs 250 per sq.ft (2024)
• Vasantham Promotors Welcome City Phase-III: Rs 251 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Lakshminarasimmar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. 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 detailed calculations.

Which Sub Registrar Office covers Sri Lakshminarasimmar Nagar?

The Sub Registrar Office that covers Sri Lakshminarasimmar Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sirupinayoor,Thiruvanthavar,Perungazhi

The guideline value plays a crucial role in the registration process when buying or selling property in Sri Lakshminarasimmar Nagar. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for buyers and sellers alike, as it ensures compliance with local regulations and helps in accurately assessing the costs involved in property transactions. It is advisable to consult the guideline value register for the most accurate and updated information.

Frequently asked questions

What is the current guideline value of Sri Lakshminarasimmar Nagar?

The current guideline value of Sri Lakshminarasimmar Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft since 2012, with fluctuations in previous years. The value decreased to Rs 67 per sq.ft in 2017 before returning to Rs 100 per sq.ft in 2023 and 2024.

What is the land classification for Sri Lakshminarasimmar Nagar?

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

Where can I find the Sub Registrar Office for Sri Lakshminarasimmar Nagar?

The Sub Registrar Office for Sri Lakshminarasimmar Nagar is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sri Lakshminarasimmar Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.