Guideline Value for L.D.S Avenue

L.D.S Avenue guideline value

The current guideline value of L.D.S Avenue, located in Madambakkam village under the Selaiyur SRO, is Rs 1,600 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class II Type - I land classification.

How the guideline value of L.D.S Avenue has changed

Looking at the revisions, the guideline value for L.D.S Avenue has remained at Rs 1,500 per sq.ft from 2012 to 2023, showing no change during that period. However, in the 2024 revision, the value increased to Rs 1,600 per sq.ft, marking a 7% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%. The register does not have figures for L.D.S Avenue for the years 2002, 2003, 2007, and 2017.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, indicating that L.D.S Avenue's 2024 figure is below the median.

• Madambakkam Main Road: Rs 2,750 per sq.ft (2024)
• Madambakkam-Nuthancheri Main Road: Rs 2,200 per sq.ft (2024)
• Madambakkam Sudalai Salai: Rs 2,200 per sq.ft (2024)
• Mada Veethi Street: Rs 1,700 per sq.ft (2024)
• Mada Vilaga Street: Rs 1,100 per sq.ft (2024)
• Madha Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in L.D.S Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty, charged at 7%, would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees together to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers L.D.S Avenue?

The Sub Registrar Office that covers L.D.S Avenue is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Madambakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it directly impacts the stamp duty and registration fees payable during the transaction.

When registering a property, the guideline value ensures that the transaction is documented at a fair and standardized rate, providing transparency in property dealings. This practice helps maintain uniformity across the real estate market in the region.

Frequently asked questions

What is the current guideline value of L.D.S Avenue?

The current guideline value of L.D.S Avenue is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,500 per sq.ft from 2012 to 2023, with a 7% increase to Rs 1,600 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2017.

What is the median guideline value in Madambakkam?

The median guideline value in Madambakkam is Rs 2,400 per sq.ft, which indicates that L.D.S Avenue's 2024 figure is below this median.

What are the stamp duty and registration fees for properties in L.D.S Avenue?

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for L.D.S Avenue?

The Selaiyur Sub Registrar Office handles property registrations for L.D.S Avenue, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.