Guideline Value for sailakshmi nagar

Sailakshmi Nagar guideline value

The current guideline value of Sailakshmi Nagar, located in Nenmeli village, is Rs 600 per sq.ft, effective from the 2024 revision. This street falls under the Chengleput Joint I SRO and is classified as Mixed Type - III land.

How the guideline value of Sailakshmi Nagar has changed

The guideline value for Sailakshmi Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged in the 2017 revision. However, the 2017 revision saw a decrease to Rs 402 per sq.ft, before returning to Rs 600 per sq.ft in both the 2023 and 2024 revisions. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Between the revisions, the most significant change occurred from 2017 to 2023, with a 49% increase bringing the value back to Rs 600 per sq.ft. Overall, from 2012 to 2024, the guideline value has remained stable, showing no percentage change.

Guideline values in Nenmeli

In Nenmeli village, there are 53 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft. The median value for these streets is Rs 612 per sq.ft, placing Sailakshmi Nagar's 2024 figure below that median.

• Sai City: Rs 800 per sq.ft (2024)
• Sai Ram nagar: Rs 550 per sq.ft (2024)
• Sai Saraswathi Nagar: Rs 800 per sq.ft (2024)
• Sai Suja Avenue: Rs 600 per sq.ft (2024)
• Sai Thirumala nagar: Rs 600 per sq.ft (2024)
• Sameera Garden: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sailakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty is charged at 7%, which totals Rs 42,000, and the registration fee is 2%, amounting to Rs 12,000. Together, the total cost for these fees is Rs 54,000. 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 Sailakshmi Nagar?

The Chengleput Joint I Sub Registrar Office covers Sailakshmi Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the property registration process in Nenmeli. It serves as a benchmark for determining the stamp duty and registration fees when buying or selling property in the area.

When a property transaction occurs, the guideline value is used to assess the applicable fees, ensuring that both buyers and sellers are aware of the financial implications associated with the registration of the property.

Frequently asked questions

What is the current guideline value of Sailakshmi Nagar?

The current guideline value of Sailakshmi Nagar is Rs 600 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with the most recent values being Rs 600 per sq.ft in both 2023 and 2024, while it was Rs 402 per sq.ft in 2017. The value in 2012 was also Rs 600 per sq.ft.

What is the median guideline value for streets in Nenmeli?

The median guideline value for the 53 streets in Nenmeli is Rs 612 per sq.ft, which is higher than the current value of Sailakshmi Nagar.

What are the stamp duty and registration fees for a property in Sailakshmi Nagar?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are based on the guideline value.

Where can I find the Sub Registrar Office for Sailakshmi Nagar?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information about your SRO through the provided link.