Guideline Value for City Lando Avenue

City Lando Avenue guideline value

The current guideline value of City Lando Avenue, located in Karasangal village, is Rs 800 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Commercial Class I Type - II.

How the guideline value of City Lando Avenue has changed

The guideline value for City Lando Avenue has seen several revisions over the years. In 2007, the guideline value was Rs 150 per sq.ft. This increased significantly to Rs 800 per sq.ft in the 2012 revision, marking a substantial rise of 433%. However, from 2012 to 2017, the value decreased to Rs 536 per sq.ft, a drop of 33%. The value then increased by 49% to Rs 800 per sq.ft in the 2023 revision, and it remains unchanged in the 2024 revision.

The register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 433%.

Guideline values in Karasangal

In Karasangal village, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 3,550 per sq.ft. The median guideline value for these streets is Rs 402 per sq.ft, placing City Lando Avenue's 2024 figure above that median.

• Devaraj Kulakarai Street: Rs 250 per sq.ft (2024)
• Brindhavan Garden: Rs 1,875 per sq.ft (2024)
• Dr. Ambedkar Street: Rs 100 per sq.ft (2024)
• Dr. Ramdoss Street: Rs 250 per sq.ft (2024)
• Bhasyam Ayyankar Street: Rs 250 per sq.ft (2024)
• Elumalai Nayagar Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in City Lando Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees together to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers City Lando Avenue?

The Sub Registrar Office that covers City Lando Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Karasangal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is bought or sold, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of their financial obligations. This process helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of City Lando Avenue?

The current guideline value of City Lando Avenue is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and returned to Rs 800 per sq.ft in 2023 and 2024.

What is the land classification of City Lando Avenue?

City Lando Avenue is classified as Commercial Class I Type - II under the current land classification system.

What are the other streets in Karasangal?

Other streets in Karasangal include Devaraj Kulakarai Street, Brindhavan Garden, Dr. Ambedkar Street, Dr. Ramdoss Street, Bhasyam Ayyankar Street, and Elumalai Nayagar Street, with varying guideline values.

Where is the Sub Registrar Office located for City Lando Avenue?

The Sub Registrar Office for City Lando Avenue is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.