Q: planning to purchase a plot in lakshmi nagar, amarambedu as an investment option. Agent is saying that its good choice. how are the current prices there per sq ft? please help and suggest me in this regard?
The average property rates in Sriperumbudur, Chennai is Rs.6500 per sq yard. You can also get the exact price details of the respective locality by your local broker. They know the current property rates of their locality.
Hello Manasa, I think the plots are near highway and Hyundai Factory. The layout is DTCP approved and plot title is clear. I will suggest you verify all the legal documents from the respective local body of your area. Any property i.e. land, house, plot etc in Laxmi Nagar has to be registered in Mudichur Sub-registrar Office (SRO). Lakshmi Nagar locality has different types of property and residential classes, and charges against property and residential classes can be obtained by applying Encumbrance Certificate.
But remember, it is necessary to get Encumbrance Certificate before you decide to buy any property i.e lands, houses, plots, apartments etc since it secures your investment in property.
The current rate of residential plots in Lakshmi Nagar, Amarambedu is Rs.400 to 900 per sqft. Price of a property depends on locality and the amenities provided by the developer. You will get the current property rates of your locality by visiting sub-registrar office. Thanks