Guideline Value for LANCOR UDS

Lancor Uds guideline value

The current guideline value of Lancor Uds in Konathi village is Rs 1,980 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Special Type - II.

How the guideline value of Lancor Uds has changed

The guideline value for Lancor Uds has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, up from Rs 1,800 per sq.ft in 2023, reflecting a 10% increase. Prior to that, the 2017 revision recorded a value of Rs 1,206 per sq.ft, which was a significant rise of 49% from the 2012 figure of Rs 1,800 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33% in the guideline value, while the overall change from 2012 to 2024 indicates a modest increase of 10%. This historical context highlights the fluctuations in the guideline value for this property.

Guideline values in Konathi

In Konathi village, there are 131 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,500 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing the Lancor Uds guideline value above this median.

• Kumaran 2st Street (Ward-20): Rs 880 per sq.ft (2024)
• Malaiadivaaram (Ward -1): Rs 770 per sq.ft (2024)
• Kumaran 1st Street (Ward-20): Rs 880 per sq.ft (2024)
• Malai Mettu Street (Ward -1): Rs 770 per sq.ft (2024)
• Malaipuram Extention (Ward -1): Rs 770 per sq.ft (2024)
• Kulakkarai Street (Ward-21): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Lancor Uds

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600, bringing the total fees together to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lancor Uds?

The Lancor Uds property is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Konathi. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transfer of property ownership.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall costs associated with the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Lancor Uds?

The current guideline value of Lancor Uds is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2023 to Rs 1,980 per sq.ft in 2024, showing a 10% increase. It was Rs 1,206 per sq.ft in 2017 and Rs 1,800 per sq.ft in 2012, indicating fluctuations over the years.

What is the land classification of Lancor Uds?

Lancor Uds is classified as Residential Special Type - II, which is relevant for determining its guideline value and usage.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for property in Lancor Uds?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,980 per sq.ft results in a guideline value of Rs 19,80,000, leading to a stamp duty of Rs 1,38,600.