Guideline Value for Sri Lakshmi Nagar Extension

Sri Lakshmi Nagar Extension guideline value

The current guideline value of Sri Lakshmi Nagar Extension is Rs 603 per sq.ft, effective from 1 July 2024. This property is located in Malliyankaranai village under the Uthiramerur SRO, classified as Residential Class III Type - IV.

How the guideline value of Sri Lakshmi Nagar Extension has changed

According to the guideline value register, the revisions for Sri Lakshmi Nagar Extension show that the 2023 revision was Rs 603 per sq.ft, which remains unchanged in the 2024 revision. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

The guideline values for the years available indicate a consistent rate of Rs 603 per sq.ft from 2023 to 2024, reflecting no percentage change. This stability suggests that the guideline value has not fluctuated during this period.

Guideline values in Malliyankaranai

In Malliyankaranai, there are 42 streets under the Uthiramerur SRO with a 2024 guideline value ranging from Rs 200 to Rs 603 per sq.ft. The median value for these streets is Rs 401 per sq.ft, placing Sri Lakshmi Nagar Extension above this median.

• Sri Lakshmi Nagar: Rs 402 per sq.ft (2024)
• Sri Mugambigai Nagar: Rs 300 per sq.ft (2024)
• Sri Chelliyamman Nagar: Rs 402 per sq.ft (2024)
• Sri Sakthi Vinayaga Nagar: Rs 401 per sq.ft (2024)
• Sulaiman Nagar: Rs 401 per sq.ft (2024)
• Sami Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Lakshmi Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 603 per sq.ft, the total guideline value would be Rs 6,03,000. The stamp duty at 7% would be Rs 42,210, and the registration fee at 2% would be Rs 12,060, totaling Rs 54,270. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Sri Lakshmi Nagar Extension?

The Sri Lakshmi Nagar Extension is covered by the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Malliyankaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Lakshmi Nagar Extension?

The current guideline value of Sri Lakshmi Nagar Extension is Rs 603 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 603 per sq.ft for both the 2023 and 2024 revisions, showing no percentage change. There are no available figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the median guideline value in Malliyankaranai?

The median guideline value for the 42 streets in Malliyankaranai is Rs 401 per sq.ft. Sri Lakshmi Nagar Extension's value is above this median at Rs 603 per sq.ft.

What are the stamp duty rates for properties in Sri Lakshmi Nagar Extension?

The stamp duty for properties in Sri Lakshmi Nagar Extension is charged at 7% of the guideline value or sale price, whichever is higher. This is in addition to a registration fee of 2%.

Where can I find the Uthiramerur Sub Registrar Office?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find more information by visiting the appropriate link.