Guideline Value for L.S.S. Anandham Avenue

L.S.S. Anandham Avenue guideline value

The current guideline value of L.S.S. Anandham Avenue is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Perumattu Nellore village under the Chengleput Joint II SRO and falls under the Residential Class I Type - I land classification.

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

The guideline value for L.S.S. Anandham Avenue has seen several revisions over the years. In 2007, the value was Rs 120 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012, marking a substantial rise of 317%. However, from 2012 to 2017, the value decreased to Rs 335 per sq.ft, a decline of 33%. The value then increased again to Rs 500 per sq.ft in 2023, remaining unchanged through to the 2024 revision.

From the 2023 to the 2024 revision, the guideline value remained at Rs 500 per sq.ft, indicating no change. Overall, from 2007 to 2024, the guideline value has increased by 317%.

Guideline values in Perumattu Nellore

In Perumattu Nellore, there are 83 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 500 to Rs 2,850 per sq.ft. The median guideline value in this area is Rs 700 per sq.ft, which means L.S.S. Anandham Avenue's current value is below this median.

• Lss Vijay Avenue: Rs 800 per sq.ft (2024)
• Lavakusa Nagar: Rs 500 per sq.ft (2024)
• Madras Garden: Rs 500 per sq.ft (2024)
• Lakshmi Puram: Rs 800 per sq.ft (2024)
• Lakshmi Nagar: Rs 800 per sq.ft (2024)
• Manickam Nagar: Rs 700 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. 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 further calculations.

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

The Sub Registrar Office that covers L.S.S. Anandham Avenue is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Perumattu Nellore. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value is used to calculate the stamp duty, which is charged at a percentage of the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded at a value that reflects the official rates set by the government.

Frequently asked questions

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

The current guideline value of L.S.S. Anandham Avenue is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 120 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then decreased to Rs 335 per sq.ft in 2017, and returned to Rs 500 per sq.ft in 2023 and 2024.

What is the median guideline value in Perumattu Nellore?

The median guideline value in Perumattu Nellore is Rs 700 per sq.ft, which means L.S.S. Anandham Avenue's current value is below this median.

What fees are associated with buying property in L.S.S. Anandham Avenue?

When buying property, the fees include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for L.S.S. Anandham Avenue?

The Sub Registrar Office for L.S.S. Anandham Avenue is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the appropriate link.