Guideline Value for sri lakshmi nagar

Sri Lakshmi Nagar guideline value

The current guideline value of Sri Lakshmi Nagar, located in Nelvaaipalayam village under the Cheyyur SRO, is Rs 115 per sq.ft, effective from the 2024 revision. The land classification for this area is Residential Special Type - II.

How the guideline value of Sri Lakshmi Nagar has changed

The guideline value for Sri Lakshmi Nagar has remained consistent over the past two revisions. The 2023 revision also recorded the guideline value at Rs 115 per sq.ft. This indicates that there has been no change from the previous year to the current one, with a 0% increase from 2023 to 2024.

Looking back further, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street. Therefore, the only available guideline values are from the 2023 and 2024 revisions, both set at Rs 115 per sq.ft.

Guideline values in Nelvaaipalayam

Currently, there are no other guideline values available for streets in Nelvaaipalayam. The only guideline value listed is for Sri Lakshmi Nagar, which stands at Rs 115 per sq.ft for 2024.

Stamp duty and registration fee for property in Sri Lakshmi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 115 per sq.ft, the guideline value amounts to Rs 1,15,000. The stamp duty at 7% would be Rs 8,050, and the registration fee at 2% would be Rs 2,300, bringing the total to Rs 10,350. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sri Lakshmi Nagar?

The Sub Registrar Office that covers Sri Lakshmi Nagar is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration process of property transactions in Nelvaaipalayam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring compliance with local regulations.

It is important for buyers and sellers to be aware of the current guideline value, as this will directly affect the costs associated with property registration. Accurate calculations based on the guideline value help in avoiding any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of Sri Lakshmi Nagar?

The current guideline value of Sri Lakshmi Nagar is Rs 115 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 115 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Sri Lakshmi Nagar?

The land classification for Sri Lakshmi Nagar is Residential Special Type - II. This classification indicates the intended use of the land in this area.

Where is the Cheyyur Sub Registrar Office located?

The Cheyyur Sub Registrar Office is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. This office handles the registration of properties in the area.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value of Rs 115 per sq.ft would incur a stamp duty of Rs 8,050.