Guideline Value for L.E.O.COMPLEX STREET

L.E.O.Complex Street guideline value

The current guideline value of L.E.O.Complex Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of L.E.O.Complex Street has changed

The guideline value for L.E.O.Complex Street has undergone revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 1,200 per sq.ft. The most recent revision in 2024 shows an increase to Rs 1,320 per sq.ft, representing a 10% increase from the 2012 figure.

There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023 for L.E.O.Complex Street in the register. Therefore, the only figures available are from the 2012 and 2024 revisions.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 1,110 to Rs 8,580 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of L.E.O.Complex Street is below this median.

• L.I.C.Colony Ist Street: Rs 2,200 per sq.ft (2024)
• L.I.C. Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• L.I.C.Nagar 3rd Main Road: Rs 2,200 per sq.ft (2024)
• L.I.C. Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• L.I.C.Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• L.I.C. Nagar /All Street /Main Roads /Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in L.E.O.Complex Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, resulting in a total of Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers L.E.O.Complex Street?

The Sub Registrar Office that covers L.E.O.Complex Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Pallikaranai, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees payable at the time of registration.

When buying or selling property, it is essential to ensure that the sale price is at least equal to the guideline value to avoid any legal issues during the registration process. The guideline value serves as a reference point for both buyers and sellers in the real estate market.

Frequently asked questions

What is the current guideline value of L.E.O.Complex Street?

The current guideline value of L.E.O.Complex Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,200 per sq.ft in 2012 to Rs 1,320 per sq.ft in 2024, marking a 10% increase. There are no recorded figures for the years 2003, 2007, 2017, and 2023 for this street.

What is the land classification for L.E.O.Complex Street?

L.E.O.Complex Street is classified as Residential Class IV Type - II. This classification is important for understanding the type of development and regulations applicable to the area.

What are the stamp duty and registration fees for properties in L.E.O.Complex Street?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for L.E.O.Complex Street?

The Sub Registrar Office for L.E.O.Complex Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. This office handles all registration activities for the area.