Guideline Value for Sri Lakshmi Nagar

Sri Lakshmi Nagar guideline value

The current guideline value of Sri Lakshmi Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class IV 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. The earliest recorded figure is from 2002, where the guideline value was Rs 118 per sq.ft. This increased to Rs 140 per sq.ft in 2003, marking a change of +19%. The value then rose to Rs 200 per sq.ft in 2007, which is a significant increase of +43%. By 2012, the value remained steady at Rs 200 per sq.ft, and it was again unchanged in 2023 at Rs 1,200 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 1,300 per sq.ft, reflecting an increase of +8% from the previous year.

Notably, there is no figure available for the 2017 revision for Sri Lakshmi Nagar. Overall, from 2002 to 2024, the guideline value has increased by +1002%, showcasing a substantial change over the years.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, placing Sri Lakshmi Nagar's 2024 figure below this median.

• Sri Krishna Garden(senthil nagar): Rs 2,700 per sq.ft (2024)
• Sri Masilamani Eswarar Sannidhi Street: Rs 2,400 per sq.ft (2024)
• Sri Karuvi Andavar Nagar: Rs 1,900 per sq.ft (2024)
• Sri Kamalammal Garden(senthil nagar): Rs 2,700 per sq.ft (2024)
• Sri Kalikambal Nagar: Rs 1,900 per sq.ft (2024)
• Sri Navasakthi Ganapathi Nagar: Rs 2,400 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 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty, calculated at 7%, would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Sri Lakshmi Nagar?

Sri Lakshmi Nagar falls under the jurisdiction of the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

To find more information, you can find your SRO.

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

The guideline value plays a crucial role during property transactions in Thirumullaivoyal. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are essential components of the registration process.

It is important for buyers and sellers to be aware of the current guideline value, as it directly influences the costs associated with property transactions. Ensuring that the transaction is registered at the correct guideline value helps in maintaining compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sri Lakshmi Nagar?

The current guideline value of Sri Lakshmi Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 118 per sq.ft in 2002 to Rs 1,300 per sq.ft in 2024, marking an overall increase of +1002% over the years.

What is the registration office for Sri Lakshmi Nagar?

The Ambattur Sub Registrar Office covers Sri Lakshmi Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the stamp duty for property in Sri Lakshmi Nagar?

The stamp duty for property in Sri Lakshmi Nagar is calculated at 7% of the guideline value, which is Rs 91,000 for a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft.

What are the guideline values of other streets in Thirumullaivoyal?

Other streets in Thirumullaivoyal have varying guideline values, with rates ranging from Rs 880 to Rs 5,500 per sq.ft in 2024. For example, Sri Krishna Garden(senthil nagar) has a guideline value of Rs 2,700 per sq.ft.