Guideline Value for LALBAGHADUR SASTHRI STREET

Lalbaghadur Sasthri Street guideline value

The current guideline value of Lalbaghadur Sasthri Street is Rs 330 per sq.ft, effective from 1 July 2024. This street is located in Athipattu village under the Thiruvottiyur SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Lalbaghadur Sasthri Street has changed

In the 2017 revision, the guideline value was Rs 201 per sq.ft. This increased to Rs 300 per sq.ft in the 2023 revision, marking a 49% increase. The most recent 2024 revision set the value at Rs 330 per sq.ft, which is a 10% increase from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The consistent upward trend in the guideline value reflects changes in the local property landscape, culminating in the current rate.

Guideline values in Athipattu

Athipattu village has a total of 108 streets under the Thiruvottiyur SRO, with 2024 guideline values ranging from Rs 220 to Rs 462 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, making Lalbaghadur Sasthri Street's 2024 figure equal to that median.

• Lakshmi Nagar/ Avenue: Rs 330 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 330 per sq.ft (2024)
• Krishna Sharma Nagar: Rs 330 per sq.ft (2024)
• Mani Nagar: Rs 330 per sq.ft (2024)
• Manju Nagar: Rs 330 per sq.ft (2024)
• Mariamman Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Lalbaghadur Sasthri Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, leading to a total of Rs 29,700. 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 details.

Which Sub Registrar Office covers Lalbaghadur Sasthri Street?

The Sub Registrar Office that covers Lalbaghadur Sasthri Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Athipattu, as it determines the minimum value at which a property can be registered. When a buyer purchases property, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during property dealings in Athipattu.

Frequently asked questions

What is the current guideline value of Lalbaghadur Sasthri Street?

The current guideline value of Lalbaghadur Sasthri Street is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then to Rs 330 per sq.ft in 2024.

What is the land classification for Lalbaghadur Sasthri Street?

Lalbaghadur Sasthri Street is classified under Residential Class I Type - I land classification.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for property in Lalbaghadur Sasthri Street?

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 3,30,000, the stamp duty at 7% would be Rs 23,100.