Guideline Value for LALBAGATHUR SASTHIRI STREET (ONDIKUPPAM)

Lalbagathur Sasthiri Street (Ondikuppam) guideline value

The current guideline value of Lalbagathur Sasthiri Street (Ondikuppam) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Vengathur village and is classified under Commercial Class I Type - III within the Manavalanagar SRO.

How the guideline value of Lalbagathur Sasthiri Street (Ondikuppam) has changed

The guideline value for Lalbagathur Sasthiri Street (Ondikuppam) has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 150 per sq.ft. This value saw a significant increase to Rs 1,300 per sq.ft in 2012, marking a rise of 767%. However, it then decreased to Rs 871 per sq.ft in 2017, a drop of 33%. The value remained at Rs 1,300 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, bringing it back to Rs 1,300 per sq.ft in 2024. Overall, from 2007 to 2024, the guideline value has increased by 767%, reflecting substantial changes over the years.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO, with guideline values for 2024 ranging from Rs 500 to Rs 2,000 per sq.ft. The median guideline value in this village is Rs 1,000 per sq.ft, placing Lalbagathur Sasthiri Street (Ondikuppam) above this median at Rs 1,300 per sq.ft.

• Lalbagathur Street: Rs 1,000 per sq.ft (2024)
• Lenin Street: Rs 600 per sq.ft (2024)
• Maariyappa Reddy Street: Rs 1,300 per sq.ft (2024)
• Kutti Mani Street: Rs 600 per sq.ft (2024)
• Kuruvayur Street: Rs 600 per sq.ft (2024)
• Kurungi Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Lalbagathur Sasthiri Street (Ondikuppam)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to 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 Lalbagathur Sasthiri Street (Ondikuppam)?

The Sub Registrar Office that covers Lalbagathur Sasthiri Street (Ondikuppam) is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Vengathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property transaction occurs, the guideline value is compared with the sale price. The higher of the two is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Lalbagathur Sasthiri Street (Ondikuppam)?

The current guideline value of Lalbagathur Sasthiri Street (Ondikuppam) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most significant increase occurring from Rs 150 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2012. The value remained at Rs 1,300 per sq.ft from 2012 to 2017, then decreased to Rs 871 per sq.ft in 2017, before returning to Rs 1,300 per sq.ft in 2023 and 2024.

What is the land classification of Lalbagathur Sasthiri Street (Ondikuppam)?

Lalbagathur Sasthiri Street (Ondikuppam) is classified under Commercial Class I Type - III. This classification is important for determining the usage and potential development of the land.

Where can I find the Sub Registrar Office for Lalbagathur Sasthiri Street (Ondikuppam)?

The Sub Registrar Office for Lalbagathur Sasthiri Street (Ondikuppam) is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

How is the stamp duty calculated for properties in Vengathur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 13,00,000, the stamp duty would be 7% of this amount, along with a registration fee of 2%.