Guideline Value for LALITHANJALI NAGAR

Lalithanjali Nagar guideline value

The current guideline value of Lalithanjali Nagar is Rs 1,190 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village, under the Avadi SRO, and is classified as Residential Class II Type - V.

How the guideline value of Lalithanjali Nagar has changed

The guideline value for Lalithanjali Nagar has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 469 per sq.ft, which increased to Rs 1,100 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the value further to Rs 1,190 per sq.ft, marking an increase of 135% from 2017 to 2023 and an overall increase of 154% from 2017 to 2024. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2023 to 2024, the guideline value increased by 8%. This upward trend reflects the changing landscape of property values in the area, with the current figure now standing at Rs 1,190 per sq.ft.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft, with a median value of Rs 770 per sq.ft. Lalithanjali Nagar's 2024 guideline value of Rs 1,190 per sq.ft is above this median.

• Lakshmipuram & Streets: Rs 870 per sq.ft (2024)
• Lakshmipuram 9th Main St: Rs 870 per sq.ft (2024)
• Lakshmipuram 9th Cross St: Rs 870 per sq.ft (2024)
• Lakshmipuram 8th Main St: Rs 870 per sq.ft (2024)
• Lakshmipuram 8th Cross St: Rs 870 per sq.ft (2024)
• Lakshmipuram 7th Main St: Rs 870 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 1,190 per sq.ft, the total guideline value amounts to Rs 11,90,000. The stamp duty at 7% would be Rs 83,300, and the registration fee at 2% would be Rs 23,800, making the total cost for these fees Rs 1,07,100. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lalithanjali Nagar?

The Sub Registrar Office covering 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruninravur-B. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official value set by the government.

When a property transaction occurs, the guideline value helps to establish a fair price for registration purposes. This value is used to assess the stamp duty and registration fees, which are mandatory for legal documentation and transfer of ownership.

Frequently asked questions

What is the current guideline value of Lalithanjali Nagar?

The current guideline value of Lalithanjali Nagar is Rs 1,190 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 469 per sq.ft in 2017 to Rs 1,190 per sq.ft in 2024, reflecting an overall increase of 154% over this period.

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

For a property valued at Rs 11,90,000, the stamp duty would be Rs 83,300, and the registration fee would be Rs 23,800, totaling Rs 1,07,100 for these fees.

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 - V, indicating its designation for residential use.