Guideline Value

Corporate

Guideline Value for LALBAGADUR SASTHRI ROAD

₹550/sq.ft.

The guideline value for Lalbagadur Sasthri Road in Minjur village (Ponneri SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Minjur

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Lalbagadur Sasthri Road

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Lalbagadur Sasthri Road guideline value

The current guideline value of Lalbagadur Sasthri Road is Rs 550 per sq.ft, effective from 1 July 2024. This road is located in Minjur village under the Ponneri Sub Registrar Office (SRO) and falls under the Residential Class II Type - I land classification.

How the guideline value of Lalbagadur Sasthri Road has changed

The guideline value for Lalbagadur Sasthri Road has seen several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 335 per sq.ft. This increased to Rs 500 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for Lalbagadur Sasthri Road. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that have a 2024 guideline value ranging from Rs 440 to Rs 1,320 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, which is equal to the current figure for Lalbagadur Sasthri Road.

Stamp duty and registration fee for property in Lalbagadur Sasthri Road

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lalbagadur Sasthri Road?

The Lalbagadur Sasthri Road falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Minjur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Lalbagadur Sasthri Road?

The current guideline value of Lalbagadur Sasthri Road is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and then to Rs 550 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What are the other streets in Minjur with the same guideline value?

Several other streets in Minjur also have a guideline value of Rs 550 per sq.ft in 2024, including Lalbagadur Sasthri Main Road, Lalbagadur Shastri West Road, and Lakshmi Saraswathi Nagar, among others.

What fees are associated with buying property on Lalbagadur Sasthri Road?

When purchasing property on Lalbagadur Sasthri Road, buyers need to consider the stamp duty at 7% and the registration fee at 2% of the guideline value. For a 1,000 sq.ft plot, these fees would total Rs 49,500.

Where can I find more information about the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. More information can be found by using the find your SRO link.