Guideline Value for L&T SOUTHCITY PROJECT

L&t Southcity Project guideline value

The current guideline value for the L&t Southcity Project in Sirucheri village, under the Thiruporur SRO, is Rs 3,000 per sq.ft. This value is based on the 2023 revision and falls under the land classification of Residential Special Type - I.

How the guideline value of L&t Southcity Project has changed

Over the years, the guideline value for the L&t Southcity Project has seen revisions, with the most recent being in 2023, where it was set at Rs 3,000 per sq.ft. The register has no figures for the revisions in 2024, 2017, 2012, 2007, 2003, and 2002, indicating that there have been no updates for these years.

Since the 2023 revision, there have been no changes to the guideline value. Therefore, the current rate remains consistent with the previous figures, reflecting stability in this particular area.

Guideline values in Sirucheri

The guideline value for L&t Southcity Project is set at Rs 3,000 per sq.ft, and there are no specific village figures available for Sirucheri. Currently, there are no other streets in Sirucheri under the Thiruporur SRO that have been provided with guideline values.

Stamp duty and registration fee for property in L&t Southcity Project

For a 1,000 sq.ft plot at the current rate of Rs 3,000 per sq.ft, the guideline value amounts to Rs 30,00,000. The stamp duty at 7% would be Rs 2,10,000, and the registration fee at 2% would be Rs 60,000, bringing the total to Rs 2,70,000. 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers L&t Southcity Project?

The L&t Southcity Project falls under the jurisdiction of the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sirucheri. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is compliant with legal requirements.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is considered for calculating the stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for L&t Southcity Project?

The current guideline value for the L&t Southcity Project is Rs 3,000 per sq.ft, based on the 2023 revision.

What is the land classification for L&t Southcity Project?

The land classification for L&t Southcity Project is Residential Special Type - I, which indicates its designated use for residential purposes.

How has the guideline value changed over the years?

The guideline value for L&t Southcity Project has remained at Rs 3,000 per sq.ft since the 2023 revision, with no figures available for the revisions in 2024, 2017, 2012, 2007, 2003, and 2002.

What are the stamp duty and registration fees for property in L&t Southcity Project?

For a property valued at Rs 30,00,000, the stamp duty is Rs 2,10,000 and the registration fee is Rs 60,000, totaling Rs 2,70,000. Duty is calculated based on the higher of the guideline value or the sale price.

Which office handles registrations for L&t Southcity Project?

The Thiruporur Sub Registrar Office handles registrations for the L&t Southcity Project, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.