Guideline Value for LALITHANJALI NAGAR

Lalithanjali Nagar guideline value

The current guideline value of Lalithanjali Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village under the Avadi SRO, and is classified as Residential Class II Type - I.

How the guideline value of Lalithanjali Nagar has changed

The guideline value for Lalithanjali Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft. This increased significantly to Rs 1,100 per sq.ft in the 2023 revision, marking a 135% rise. The latest revision in 2024 has further increased the guideline value to Rs 1,200 per sq.ft, which is a 9% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 156%. 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 Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft, with a median value of Rs 750 per sq.ft. Lalithanjali Nagar's 2024 guideline value is above this median.

• Lalitha Avenue: Rs 550 per sq.ft (2024)
• Lakshmipuram & Streets: Rs 840 per sq.ft (2024)
• Lakshmipuram 9th Main St: Rs 840 per sq.ft (2024)
• Lakshmipuram 9th Cross St: Rs 840 per sq.ft (2024)
• Lakshmipuram 8th Main St: Rs 840 per sq.ft (2024)
• Lakshmipuram 8th Cross St: Rs 840 per sq.ft (2024)

Stamp duty and registration fee for property in Lalithanjali Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Lalithanjali Nagar?

The Sub Registrar Office that covers Lalithanjali Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value plays a crucial role in property transactions in Thiruninravur-A. It is used as a basis for calculating stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Lalithanjali Nagar?

The current guideline value of Lalithanjali Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 469 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2024, reflecting an overall increase of 156% over this period.

What are the stamp duty and registration fees for property in Lalithanjali Nagar?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Which Sub Registrar Office covers Lalithanjali Nagar?

The Avadi Sub Registrar Office covers Lalithanjali Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification of Lalithanjali Nagar?

Lalithanjali Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.