Guideline Value for SRI RAJLAKSHMI NAGAR PART II

Sri Rajlakshmi Nagar Part II guideline value

The current guideline value of Sri Rajlakshmi Nagar Part II is Rs 1,344 per sq.ft. This area falls under the Thiruporur Sub Registrar Office (SRO) in the Chengalpattu zone and is classified as Residential Special Type - IV.

How the guideline value of Sri Rajlakshmi Nagar Part II has changed

According to the guideline value register, the revisions for Sri Rajlakshmi Nagar Part II include several years with no figures. The most recent revision in 2023 set the guideline value at Rs 1,344 per sq.ft. The register has no figures for the years 2024, 2017, 2012, 2007, 2003, and 2002.

There have been no changes in the guideline value between the revisions listed. The only available figure is from the 2023 revision, which indicates a consistent rate for this street.

Guideline values in Thaiyur-A

Currently, there are no specific village figures provided for Thaiyur-A. Sri Rajlakshmi Nagar Part II is the only street mentioned in this context.

Stamp duty and registration fee for property in Sri Rajlakshmi Nagar Part II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,344 per sq.ft, the total guideline value amounts to Rs 13,44,000. The stamp duty at 7% would be Rs 94,080, while the registration fee at 2% would be Rs 26,880, bringing the total fees together to Rs 1,20,960. 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 Rajlakshmi Nagar Part II?

The Sub Registrar Office that covers Sri Rajlakshmi Nagar Part II is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sri Rajlakshmi Nagar Part II. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

When registering a property, it is essential to consider the guideline value, as the stamp duty is charged on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sri Rajlakshmi Nagar Part II?

The current guideline value of Sri Rajlakshmi Nagar Part II is Rs 1,344 per sq.ft, as per the 2023 revision.

What land classification does Sri Rajlakshmi Nagar Part II fall under?

Sri Rajlakshmi Nagar Part II is classified as Residential Special Type - IV, indicating its intended use for residential purposes.

How often are guideline values revised?

Guideline values are revised periodically, but for Sri Rajlakshmi Nagar Part II, the last available revision was in 2023. There are no figures available for the years 2024, 2017, 2012, 2007, 2003, and 2002.

What fees are associated with buying property in Sri Rajlakshmi Nagar Part II?

The fees associated with buying property in Sri Rajlakshmi Nagar Part II include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Sri Rajlakshmi Nagar Part II located?

The Sub Registrar Office covering Sri Rajlakshmi Nagar Part II is located at No.29, South Mada Street, Thiruporur-603110, in the Chengalpattu registration zone.