Guideline Value for L.R. GARDEN

L.R. Garden guideline value

The current guideline value of L.R. Garden in Kanlur village is Rs 100 per sq.ft, effective from the 2024 revision, which will be implemented on 1 July 2024. This area falls under the Arani_Tiruvallur SRO and is classified as Residential Class III Type - I.

How the guideline value of L.R. Garden has changed

The guideline value of L.R. Garden has undergone several revisions over the years. The most recent revisions show that the guideline value was Rs 67 per sq.ft in 2017, which increased to Rs 100 per sq.ft in 2023 and remained the same in 2024. The register has no figures for the years 2002, 2003, 2007, and 2012, indicating that there were no recorded values for this street during those years.

From 2017 to 2023, the guideline value increased by 49%. The overall change from 2017 to 2024 also reflects a 49% increase, as the value remained constant at Rs 100 per sq.ft in the 2023 and 2024 revisions.

Guideline values in Kanlur

Currently, there are no specific guideline values available for other streets in Kanlur under the Arani_Tiruvallur SRO. L.R. Garden is the only street mentioned in the available data.

Stamp duty and registration fee for property in L.R. Garden

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 1,00,000. The stamp duty, charged at 7%, would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. 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 details.

Which Sub Registrar Office covers L.R. Garden?

The L.R. Garden area is covered by the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kanlur, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value serves as a benchmark for assessing the transaction value. If the sale price exceeds the guideline value, the stamp duty will be calculated based on the sale price instead. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of L.R. Garden?

The current guideline value of L.R. Garden is Rs 100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 49%, rising from Rs 67 per sq.ft to Rs 100 per sq.ft in 2023 and remaining the same in 2024.

Are there any guideline values for other streets in Kanlur?

Currently, there are no specific guideline values available for other streets in Kanlur under the Arani_Tiruvallur SRO.

What is the stamp duty rate for property in L.R. Garden?

The stamp duty rate for property in L.R. Garden is 7% of the guideline value or the sale price, whichever is higher.

Where is the Arani_Tiruvallur Sub Registrar Office located?

The Arani_Tiruvallur Sub Registrar Office is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.