Guideline Value

Corporate

Guideline Value for Sri Lakshmi Nagar

₹250/sq.ft.

The guideline value for Sri Lakshmi Nagar in Koozhangacheri village (Sunguvarchattram SRO, Chengalpattu zone) is Rs 250 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Koozhangacheri

Village

Sunguvarchattram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹250 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Vadivamal Nagar Kandigai Road Caparo Company Opp,sunguvarchatram
044_29592196
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Lakshmi Nagar

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Sri Lakshmi Nagar guideline value

The current guideline value of Sri Lakshmi Nagar, located in Koozhangacheri village under the Sunguvarchattram SRO, is Rs 250 per sq.ft. This value is effective from the 2024 revision, which will be implemented on 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sri Lakshmi Nagar has changed

The guideline value for Sri Lakshmi Nagar has undergone several revisions over the years. In 2012, the guideline value was set at Rs 250 per sq.ft. This figure remained unchanged until the next revision in 2017 when it decreased to Rs 167 per sq.ft, marking a decrease of 33%. Following this, the value increased by 50% in 2023 to return to Rs 250 per sq.ft. The most recent revision in 2024 has kept the value stable at Rs 250 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Therefore, the revisions noted above are the only ones that apply to Sri Lakshmi Nagar.

Guideline values in Koozhangacheri

In Koozhangacheri, there are 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,200 per sq.ft, with a median value of Rs 226 per sq.ft. The guideline value for Sri Lakshmi Nagar is above this median.

Stamp duty and registration fee for property in Sri Lakshmi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the 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 to Rs 22,500. It is essential 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 Lakshmi Nagar?

The Sub Registrar Office that covers Sri Lakshmi Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Koozhangacheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. 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?

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

How has the guideline value changed over the years?

The guideline value for Sri Lakshmi Nagar has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then back to Rs 250 per sq.ft in 2023 and 2024.

What is the land classification for Sri Lakshmi Nagar?

Sri Lakshmi Nagar is classified as Residential Class I Type - I, which indicates its suitability for residential development.

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

The Sub Registrar Office for Sri Lakshmi Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

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

Stamp duty for properties in Sri Lakshmi Nagar is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 2,50,000, the stamp duty would be Rs 17,500 at a rate of 7%.