Guideline Value for Sri Lakshmi Nagar

Sri Lakshmi Nagar guideline value

The current guideline value of Sri Lakshmi Nagar, located in Malliyankaranai village under the Uthiramerur SRO, is Rs 402 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Special Type - IV.

How the guideline value of Sri Lakshmi Nagar has changed

According to the register, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for Sri Lakshmi Nagar. The guideline value remained unchanged at Rs 402 per sq.ft from the 2023 revision to the 2024 revision, indicating a 0% change.

The most recent revision in 2024 shows a guideline value of Rs 402 per sq.ft, which is consistent with the 2023 revision. This stability reflects the same rate over the two consecutive years.

Guideline values in Malliyankaranai

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

• Sri Lakshmi Nagar Extension: Rs 603 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

For a 1,000 sq.ft plot at the current guideline value of Rs 402 per sq.ft, the total guideline value amounts to Rs 4,02,000. The stamp duty at 7% would be Rs 28,140, and the registration fee at 2% would be Rs 8,040, bringing the total charges to Rs 36,180. It's 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 Lakshmi Nagar?

The Sub Registrar Office that covers Sri Lakshmi Nagar is 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 determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the sale price must be equal to or higher than the guideline value. If the sale price is lower than the guideline value, the higher amount will be considered for calculating the stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Sri Lakshmi Nagar?

The current guideline value of Sri Lakshmi Nagar is Rs 402 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Lakshmi Nagar has remained unchanged at Rs 402 per sq.ft from 2023 to 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

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

The stamp duty for properties in Sri Lakshmi Nagar is charged at 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 4,02,000, the stamp duty would be Rs 28,140.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Sri Lakshmi Nagar is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406. You can find more information by visiting the relevant link.

What is the land classification for Sri Lakshmi Nagar?

The land classification for Sri Lakshmi Nagar is Residential Special Type - IV, which indicates the type of development permissible in the area.