Guideline Value for L.D.N. Chari Street

L.D.N. Chari Street guideline value

The current guideline value of L.D.N. Chari Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and falls under the Residential Class I Type - II land classification.

How the guideline value of L.D.N. Chari Street has changed

Over the years, the guideline value of L.D.N. Chari Street has seen significant changes. In the 2003 revision, the value was Rs 531 per sq.ft, which rose to Rs 800 per sq.ft in 2007. Following that, the value increased dramatically to Rs 3,000 per sq.ft in 2012, a rise of 275%. However, in the 2017 revision, it decreased to Rs 2,010 per sq.ft, marking a decline of 33%. The value then increased to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year.

Notably, there is no guideline value recorded for L.D.N. Chari Street in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 521%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that have a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value is Rs 3,300 per sq.ft, which is equal to the current guideline value of L.D.N. Chari Street.

• Lathip Colony 3rd Street: Rs 4,400 per sq.ft (2024)
• Lathip Colony 2nd Street: Rs 4,400 per sq.ft (2024)
• Lathip Colony 1st Street: Rs 4,400 per sq.ft (2024)
• Lalbagadursasthri Colony Street: Rs 3,300 per sq.ft (2024)
• Lalbagadursasthri 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Lalbagadursasthri 2nd Cross 4th Lane: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in L.D.N. Chari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. 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 L.D.N. Chari Street?

The Sub Registrar Office that covers L.D.N. Chari Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value ensures that the government receives appropriate revenue from the sale. Buyers and sellers should be aware of the current guideline values in their area to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of L.D.N. Chari Street?

The current guideline value of L.D.N. Chari Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 531 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 521% over that period.

What is the land classification for L.D.N. Chari Street?

L.D.N. Chari Street is classified as Residential Class I Type - II.

Where is the Pallavaram Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000, leading to specific fees based on that amount.