Guideline Value for LALBAGADUR SASTRI CROSS STREET

Lalbagadur Sastri Cross Street guideline value

The current guideline value of Lalbagadur Sastri Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village under the Neelankarai SRO and is classified as Residential Class II Type - III.

How the guideline value of Lalbagadur Sastri Cross Street has changed

The guideline value for Lalbagadur Sastri Cross Street has seen significant changes over the years. From the 2017 revision, which was Rs 1,340 per sq.ft, it increased to Rs 2,000 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has risen by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are a total of 754 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, which matches the current value of Lalbagadur Sastri Cross Street.

• Lalbagadur Sastri 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Lalbagadur Sastri Street: Rs 2,200 per sq.ft (2024)
• Lalbagadur Sastri 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Lalbagadur Sastri Street Lane: Rs 2,200 per sq.ft (2024)
• Lalbagadur Sastri 1st Street: Rs 2,200 per sq.ft (2024)
• Lakshmi Nagar Main Road: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Lalbagadur Sastri Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Lalbagadur Sastri Cross Street?

The Lalbagadur Sastri Cross Street falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor in property registration in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and financial purposes. It is important for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Lalbagadur Sastri Cross Street?

The current guideline value of Lalbagadur Sastri Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64% over the seven years.

What is the registration office for Lalbagadur Sastri Cross Street?

The Neelankarai Sub Registrar Office covers Lalbagadur Sastri Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Lalbagadur Sastri Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot has a guideline value of Rs 22,00,000, leading to a stamp duty of Rs 1,54,000.

What are the other streets with the same guideline value in Sholinganallur - 1?

Other streets in Sholinganallur - 1 with the same guideline value of Rs 2,200 per sq.ft include Lalbagadur Sastri 3rd Cross Street, Lalbagadur Sastri Street, Lalbagadur Sastri 2nd Cross Street, Lalbagadur Sastri Street Lane, and Lalbagadur Sastri 1st Street.