Guideline Value for LANCOR UDS

Lancor Uds guideline value

The current guideline value for Lancor Uds in Potheri village, under the Chengleput Joint II SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. This property falls under the land classification of 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 oldest recorded figure is from 2012, where the value was Rs 1,800 per sq.ft. This was followed by a decrease in 2017 to Rs 1,206 per sq.ft, marking a decline of 33%. In 2023, the value increased to Rs 1,800 per sq.ft, and in 2024, it further rose to Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,970 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Lancor Uds 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 amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total 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 information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lancor Uds?

The Lancor Uds property falls under the jurisdiction of the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering a property in Potheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value helps in assessing the legal value of the transaction. It ensures that the government receives the appropriate revenue from property transactions, reflecting the value of real estate in the area.

Frequently asked questions

What is the current guideline value for Lancor Uds?

The current guideline value for 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 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for Lancor Uds?

Lancor Uds is classified as Residential Special Type - II under the local land classification system.

What are the guideline values for other streets in Potheri?

Other streets in Potheri have varying guideline values. For example, Kumaran 2st Street and Kumaran 1st Street are valued at Rs 880 per sq.ft, while Malaiadivaaram, Malai Mettu Street, and Malaipuram Extention are valued at Rs 770 per sq.ft.

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, Tamil Nadu.