Guideline Value for L.I.G.H. Street

L.I.G.H. Street guideline value

The current guideline value of L.I.G.H. Street in Kadaperi village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - I.

How the guideline value of L.I.G.H. Street has changed

Over the years, the guideline value of L.I.G.H. Street has seen several revisions. In 2007, the guideline value was Rs 400 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a significant rise of 150%. However, it then decreased to Rs 670 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft following the 2024 revision, reflecting a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for L.I.G.H. Street. Overall, from 2007 to 2024, the guideline value has increased by 175%, showcasing the fluctuations in property valuation over the years.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 7,700 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of L.I.G.H. Street is below this median.

• Loordharan Church Street: Rs 1,320 per sq.ft (2024)
• Labour School 3rd Street: Rs 880 per sq.ft (2024)
• Labour School 2nd Street: Rs 880 per sq.ft (2024)
• Labour School 1st Street: Rs 880 per sq.ft (2024)
• Kumaran Street: Rs 1,320 per sq.ft (2024)
• Mepz: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in L.I.G.H. Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value is Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. 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 detailed calculations.

Which Sub Registrar Office covers L.I.G.H. Street?

The Sub Registrar Office that covers L.I.G.H. Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kadaperi. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the legal and financial implications of the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements and to understand the financial obligations involved.

Frequently asked questions

What is the current guideline value of L.I.G.H. Street?

The current guideline value of L.I.G.H. Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What is the stamp duty for property on L.I.G.H. Street?

The stamp duty for property on L.I.G.H. Street is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, this amounts to Rs 77,000.

Where is the Sub Registrar Office for L.I.G.H. Street located?

The Sub Registrar Office for L.I.G.H. Street is located at No.26, mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone.

What are the guideline values of other streets in Kadaperi?

Other streets in Kadaperi have varying guideline values. For example, Loordharan Church Street is Rs 1,320 per sq.ft, while Labour School 3rd Street is Rs 880 per sq.ft.