Guideline Value for Sri Lakshmi Narasimma Perumal Nagar

Sri Lakshmi Narasimma Perumal Nagar guideline value

The current guideline value of Sri Lakshmi Narasimma Perumal Nagar is Rs 350 per sq.ft, effective from 1 July 2024. This village is located under the Walajabad Sub Registrar Office (SRO) and falls under the Residential Class I Type - I land classification.

How the guideline value of Sri Lakshmi Narasimma Perumal Nagar has changed

Since the 2017 revision, the guideline value for Sri Lakshmi Narasimma Perumal Nagar has increased by 50%, moving from Rs 234 per sq.ft to Rs 350 per sq.ft in the 2024 revision. The 2023 revision maintained the same value of Rs 350 per sq.ft, showing no change from the previous year.

Prior to the 2017 revision, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Therefore, the only revisions that provide figures are from 2017, 2023, and 2024, with the current rate reflecting a stable guideline value since 2023.

Guideline values in Uthukkadu - A

In Uthukkadu - A, there are 38 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft. The median value for these streets is Rs 350 per sq.ft, which aligns with the guideline value for Sri Lakshmi Narasimma Perumal Nagar.

• Sri Lakshmi Narasimma Perumal Nagar: Rs 350 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 350 per sq.ft (2024)
• Srinath Nagar: Rs 800 per sq.ft (2024)
• Sri Hari Nagar: Rs 300 per sq.ft (2024)
• Sri Rangiyam Karuppar Avenue: Rs 350 per sq.ft (2024)
• Sri Balaji Avenue: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Lakshmi Narasimma Perumal Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total to Rs 31,500. Please note that 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 Narasimma Perumal Nagar?

The Sri Lakshmi Narasimma Perumal Nagar falls under the Walajabad Sub Registrar Office located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Uthukkadu - A

The guideline value is a crucial factor when registering property transactions in Uthukkadu - A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is essential for both buyers and sellers to be aware of this value to understand the financial implications during the registration process.

Frequently asked questions

What is the current guideline value of Sri Lakshmi Narasimma Perumal Nagar?

The current guideline value of Sri Lakshmi Narasimma Perumal Nagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased by 50% from Rs 234 per sq.ft in 2017 to Rs 350 per sq.ft in 2024. The value remained unchanged at Rs 350 per sq.ft from 2023 to 2024.

What are the other streets in Uthukkadu - A with their guideline values?

Other streets in Uthukkadu - A include Sri Lakshmi Nagar and Sri Rangiyam Karuppar Avenue, both at Rs 350 per sq.ft, and Srinath Nagar at Rs 800 per sq.ft. There are also Sri Hari Nagar at Rs 300 per sq.ft and Sri Balaji Avenue at Rs 771 per sq.ft.

What is the registration fee for property in Sri Lakshmi Narasimma Perumal Nagar?

The registration fee for property in Sri Lakshmi Narasimma Perumal Nagar is calculated based on the guideline value. For example, for a plot valued at Rs 3,50,000, the registration fee would be Rs 7,000 at 2%.

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

The Sub Registrar Office covering Sri Lakshmi Narasimma Perumal Nagar is the Walajabad SRO, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.