Guideline Value for LAL BAHADUR SASTHIRI ST

Lal Bahadur Sasthiri St guideline value

The current guideline value of Lal Bahadur Sasthiri St is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Paleripattu village under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Lal Bahadur Sasthiri St has changed

The guideline value for Lal Bahadur Sasthiri St has undergone several revisions over the years. In 2012, the value was set at Rs 900 per sq.ft, which decreased to Rs 603 per sq.ft in 2017. Following this, the value increased significantly to Rs 900 per sq.ft in 2023. The most recent revision in 2024 saw an increase to Rs 990 per sq.ft.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value rose by 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Paleripattu

Paleripattu village has a total of 111 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,200 per sq.ft. The median value is Rs 990 per sq.ft, which is equal to the 2024 figure for Lal Bahadur Sasthiri St.

• Lasar Nagar 10th Street: Rs 1,980 per sq.ft (2024)
• Lasar Nagar 1st Street: Rs 1,980 per sq.ft (2024)
• Lasar Nagar 2nd Street: Rs 1,980 per sq.ft (2024)
• Lasar Nagar 3rd Street: Rs 1,980 per sq.ft (2024)
• Lasar Nagar 4th Street: Rs 1,980 per sq.ft (2024)
• Lasar Nagar 5th Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Lal Bahadur Sasthiri St

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, while the registration fee at 2% would be Rs 19,800. Together, the total cost for these fees would be Rs 89,100. Please note that 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 details.

Which Sub Registrar Office covers Lal Bahadur Sasthiri St?

The Lal Bahadur Sasthiri St is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Paleripattu. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When purchasing property, the guideline value serves as a benchmark for the transaction, helping to establish a fair price for both parties. It is crucial for buyers to verify the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Lal Bahadur Sasthiri St?

The current guideline value of Lal Bahadur Sasthiri St is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification for Lal Bahadur Sasthiri St?

Lal Bahadur Sasthiri St is classified as Residential Class II Type - I.

Where can I find the registration office for Lal Bahadur Sasthiri St?

The registration office for Lal Bahadur Sasthiri St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Paleripattu?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 9,90,000, the stamp duty at 7% would be Rs 69,300.