Guideline Value for Sri Lakshmi amman Nagar

Sri Lakshmi amman Nagar guideline value

The current guideline value of Sri Lakshmi amman Nagar, located in Puthagaram village under the Ambattur SRO, is Rs 1,900 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Sri Lakshmi amman Nagar has changed

The guideline value for Sri Lakshmi amman Nagar has undergone several revisions over the years. The earliest recorded value was Rs 1,800 per sq.ft in 2012. This figure then decreased to Rs 1,206 per sq.ft in 2017. Following this, the value rose significantly to Rs 1,800 per sq.ft in 2023, and it has now increased to Rs 1,900 per sq.ft in the 2024 revision, marking a 6% rise from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a 6% increase. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthagaram

In Puthagaram, there are 140 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median value is Rs 1,900 per sq.ft, which aligns with the guideline value for Sri Lakshmi amman Nagar.

• Sri Kumaran Nagar Extn.: Rs 1,900 per sq.ft (2024)
• Sri Kumaran Nagar: Rs 1,900 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 1,900 per sq.ft (2024)
• Sri Maha Devi Nagar: Rs 1,600 per sq.ft (2024)
• Sri Meenakshi Nagar: Rs 1,600 per sq.ft (2024)
• Sri Kamalam Nagar: Rs 1,900 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000. It is 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 details.

Which Sub Registrar Office covers Sri Lakshmi amman Nagar?

The Sub Registrar Office that covers Sri Lakshmi amman Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Puthagaram. 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 against the sale price, and the higher value is used to calculate the applicable duties and fees. 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 amman Nagar?

The current guideline value of Sri Lakshmi amman Nagar is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification for Sri Lakshmi amman Nagar?

Sri Lakshmi amman Nagar is classified as Residential Class I Type - I, indicating its designation for residential use.

What is the median guideline value in Puthagaram?

The median guideline value in Puthagaram is Rs 1,900 per sq.ft, which is the same as the current guideline value for Sri Lakshmi amman Nagar.

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

The Sub Registrar Office for Sri Lakshmi amman Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.