Guideline Value for SUBBU LAKSHMI AMMAL NAGAR

Subbu Lakshmi Ammal Nagar guideline value

The current guideline value of Subbu Lakshmi Ammal Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Thadaperumbakkam village under the Ponneri SRO and is classified as Residential Special Type - I.

How the guideline value of Subbu Lakshmi Ammal Nagar has changed

According to the guideline value register, there are no figures available for Subbu Lakshmi Ammal Nagar in the revisions from 2002, 2003, 2007, 2012, and 2017. The 2023 revision also recorded a guideline value of Rs 1,500 per sq.ft, which remained unchanged in the 2024 revision.

From the 2023 to the 2024 revision, there was no percentage change, maintaining the value at Rs 1,500 per sq.ft.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, there are 50 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 500 to Rs 1,500 per sq.ft. The median value for these streets is Rs 501 per sq.ft, placing Subbu Lakshmi Ammal Nagar's 2024 figure above that median.

• Sri Vinayaga Nagar: Rs 501 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 501 per sq.ft (2024)
• Sri Sai Nagar: Rs 600 per sq.ft (2024)
• Sri Padmavathi Nagar: Rs 501 per sq.ft (2024)
• Sri Meenal Nagar: Rs 501 per sq.ft (2024)
• Sri Krishna Residency: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Subbu Lakshmi Ammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total cost for these fees to Rs 1,35,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Subbu Lakshmi Ammal Nagar?

The Sub Registrar Office that covers Subbu Lakshmi Ammal Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO online.

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

The guideline value is a crucial factor in property transactions in Thadaperumbakkam. It serves as the minimum value for which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps determine the applicable taxes and fees. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Subbu Lakshmi Ammal Nagar?

The current guideline value of Subbu Lakshmi Ammal Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Subbu Lakshmi Ammal Nagar has remained at Rs 1,500 per sq.ft since the 2023 revision, with no figures available for the revisions from 2002 to 2017.

What is the registration office for Subbu Lakshmi Ammal Nagar?

The registration office for Subbu Lakshmi Ammal Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for properties in Subbu Lakshmi Ammal Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,05,000.

What are the other streets in Thadaperumbakkam and their guideline values?

Other streets in Thadaperumbakkam include Sri Vinayaga Nagar, Sri Sakthi Nagar, Sri Sai Nagar, Sri Padmavathi Nagar, Sri Meenal Nagar, and Sri Krishna Residency, with guideline values ranging from Rs 501 to Rs 600 per sq.ft.