Guideline Value for LAKE TOWN AVENUE EXTENTION

Lake Town Avenue Extention guideline value

The current guideline value of Lake Town Avenue Extention is Rs 300 per sq.ft, effective from 1 July 2024. This property is located in Agaram village, under the Thiruporur SRO, and is classified as Residential Special Type - I.

How the guideline value of Lake Town Avenue Extention has changed

In the 2012 revision, the guideline value was Rs 300 per sq.ft. This figure remained the same in the 2017 revision, where it was Rs 201 per sq.ft. The 2023 revision again set the value at Rs 300 per sq.ft, and the most recent 2024 revision also maintains this figure at Rs 300 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 300 per sq.ft.

Guideline values in Agaram

In Agaram village, six streets under the Thiruporur SRO have a 2024 guideline value ranging from Rs 200 to Rs 300 per sq.ft, with a median value of Rs 250 per sq.ft. Lake Town Avenue Extention's 2024 figure is above this median.

• Annamalaiar Avenue: Rs 200 per sq.ft (2024)
• Sri Balaji Nagar: Rs 200 per sq.ft (2024)
• Sri Balaji Nagar Phase II: Rs 200 per sq.ft (2024)
• Sri Balaji Nagar Phase III: Rs 300 per sq.ft (2024)
• Vasantham Garden: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Lake Town Avenue Extention

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value would be Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lake Town Avenue Extention?

The Sub Registrar Office covering Lake Town Avenue Extention is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Agaram. It determines the minimum value at which the property can be registered, impacting the stamp duty and registration fees that need to be paid.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Lake Town Avenue Extention?

The current guideline value of Lake Town Avenue Extention is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revisions in 2023 and 2024 both setting it at Rs 300 per sq.ft. From 2012 to 2017, there was a decrease of 33%, followed by a 49% increase from 2017 to 2023.

What are the other streets in Agaram and their guideline values?

Other streets in Agaram include Annamalaiar Avenue at Rs 200 per sq.ft, Sri Balaji Nagar at Rs 200 per sq.ft, Sri Balaji Nagar Phase II at Rs 200 per sq.ft, Sri Balaji Nagar Phase III at Rs 300 per sq.ft, and Vasantham Garden at Rs 300 per sq.ft for 2024.

How is the stamp duty calculated for properties in Lake Town Avenue Extention?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at a rate of 7%.

Where can I find the Sub Registrar Office for Lake Town Avenue Extention?

The Sub Registrar Office for Lake Town Avenue Extention is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find more information about your SRO online.