Guideline Value for LAL BAHADUR SASTHIRI ST

Lal Bahadur Sasthiri St guideline value

The current guideline value of Lal Bahadur Sasthiri St is Rs 810 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village and falls under the Avadi SRO, classified as Residential Class I Type - III.

How the guideline value of Lal Bahadur Sasthiri St has changed

The guideline value for Lal Bahadur Sasthiri St has seen several revisions over the years. In 2012, the value was Rs 650 per sq.ft, which then decreased to Rs 435 per sq.ft in 2017. Following this, the value increased significantly to Rs 650 per sq.ft in 2023, and most recently, it rose to Rs 810 per sq.ft in 2024, marking a 25% increase from the previous year. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 25%. The increase from 2017 to 2023 was 49%, while there was a decrease of 33% from 2012 to 2017.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft, with a median value of Rs 935 per sq.ft. The guideline value for Lal Bahadur Sasthiri St is below this median.

• Logambal St: Rs 810 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,625 per sq.ft (2024)
• Kurinji St: Rs 935 per sq.ft (2024)
• Kumaran Street & Nagar: Rs 1,310 per sq.ft (2024)
• Kumaran St: Rs 935 per sq.ft (2024)
• Mahizakpoo St: Rs 935 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 810 per sq.ft, the total guideline value would be Rs 8,10,000. The stamp duty at 7% would amount to Rs 56,700, and the registration fee at 2% would be Rs 16,200, bringing the total to Rs 72,900. 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 Lal Bahadur Sasthiri St?

The Lal Bahadur Sasthiri St falls under the jurisdiction of the Avadi Sub Registrar Office. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor when registering property transactions in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which a 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 both buyers and sellers understand the official valuation of the property. It is crucial for buyers to be aware of the guideline value to avoid overpaying and for sellers to set a realistic price for their property based on these values.

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 810 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2012 to Rs 435 per sq.ft in 2017, then to Rs 650 per sq.ft in 2023, and finally to Rs 810 per sq.ft in 2024.

What is the land classification for Lal Bahadur Sasthiri St?

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

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 8,10,000, the stamp duty would be Rs 56,700, and the registration fee would be Rs 16,200, totaling Rs 72,900.

Which office handles the registration for Lal Bahadur Sasthiri St?

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