Guideline Value for Sri Lakshmi Vaikundavalli Nagar

Sri Lakshmi Vaikundavalli Nagar guideline value

The current guideline value of Sri Lakshmi Vaikundavalli Nagar is Rs 975 per sq.ft, effective from 1 July 2024. This area is located in Orikkai village and falls under the Kanchipuram Joint IV SRO, with a land classification of Residential Class II Type - IV.

How the guideline value of Sri Lakshmi Vaikundavalli Nagar has changed

There have been several revisions to the guideline value for Sri Lakshmi Vaikundavalli Nagar over the years. The most recent revision in 2024 set the guideline value at Rs 975 per sq.ft, an increase from Rs 670 per sq.ft in the 2023 revision, marking a change of +46%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the guideline value for this street was not available in the register for the aforementioned years. The 2023 value of Rs 670 per sq.ft was the only figure recorded before the recent increase in 2024.

Guideline values in Orikkai

In Orikkai, there are 12 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 1,500 per sq.ft, with the median being Rs 975 per sq.ft. Sri Lakshmi Vaikundavalli Nagar's 2024 figure is equal to this median.

• Sriram Gardan: Rs 875 per sq.ft (2024)
• Sri Thiru Arul Nagar: Rs 925 per sq.ft (2024)
• Sai Enclave: Rs 825 per sq.ft (2024)
• Krishnan Nagar: Rs 800 per sq.ft (2024)
• K.M.Avenue: Rs 1,110 per sq.ft (2024)
• Kanchi Gardan: Rs 1,099 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 975 per sq.ft, the guideline value amounts to Rs 9,75,000. The stamp duty at 7% would be Rs 68,250, and the registration fee at 2% would be Rs 19,500, bringing the total to Rs 87,750. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Lakshmi Vaikundavalli Nagar?

The Sub Registrar Office that covers Sri Lakshmi Vaikundavalli Nagar is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Orikkai, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is important to note that the stamp duty is charged on either 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 Vaikundavalli Nagar?

The current guideline value of Sri Lakshmi Vaikundavalli Nagar is Rs 975 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased from Rs 670 per sq.ft to Rs 975 per sq.ft, which is a change of +46%.

What is the land classification for Sri Lakshmi Vaikundavalli Nagar?

Sri Lakshmi Vaikundavalli Nagar is classified as Residential Class II Type - IV.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Sri Lakshmi Vaikundavalli Nagar is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

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

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 9,75,000 would incur a stamp duty of Rs 68,250 at 7%.