Guideline Value for THIRU SANGU LAKSHMI NAGAR

Thiru Sangu Lakshmi Nagar guideline value

The current guideline value of Thiru Sangu Lakshmi Nagar is Rs 523 per sq.ft, effective from 1 July 2024. This area is located in Sothupakkam village under the Acchirapakkam SRO, with a land classification of Mixed Type - III.

How the guideline value of Thiru Sangu Lakshmi Nagar has changed

The guideline value for Thiru Sangu Lakshmi Nagar has remained consistent at Rs 523 per sq.ft from the 2023 revision to the 2024 revision, showing no percentage change. Prior to this, the register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

In the 2024 revision, the guideline value is Rs 523 per sq.ft, which is the same as the 2023 revision. This indicates stability in the guideline value for this street over the last two years.

Guideline values in Sothupakkam

In Sothupakkam, there are five streets under the Acchirapakkam SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 523 per sq.ft. Thiru Sangu Lakshmi Nagar's guideline value is above the median of Rs 500 per sq.ft.

• Jayam Nagar: Rs 500 per sq.ft (2024)
• Gk Garden: Rs 500 per sq.ft (2024)
• Bathmavathi Nagar: Rs 500 per sq.ft (2024)
• V.R.Garden: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru Sangu Lakshmi Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 5,23,000. The stamp duty at 7% would be Rs 36,610, and the registration fee at 2% would be Rs 10,460, bringing the total to Rs 47,070. 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 Thiru Sangu Lakshmi Nagar?

The Sub Registrar Office that covers Thiru Sangu Lakshmi Nagar is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Sothupakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Thiru Sangu Lakshmi Nagar?

The current guideline value of Thiru Sangu Lakshmi Nagar is Rs 523 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 523 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot, the stamp duty would be Rs 36,610 and the registration fee would be Rs 10,460, totaling Rs 47,070. Duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for Thiru Sangu Lakshmi Nagar?

The Acchirapakkam Sub Registrar Office handles registrations for Thiru Sangu Lakshmi Nagar, located at No.70, Bazzar Street, Acchirapakkam-603301.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum registration value for properties, impacting the stamp duty and registration fees. It ensures that all property transactions are conducted transparently and fairly.