Guideline Value for LANCOR UDS

Lancor Uds guideline value

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

How the guideline value of Lancor Uds has changed

Over the years, the guideline value of Lancor Uds has seen several revisions. The earliest recorded revision is from 2012, where the guideline value was Rs 1,800 per sq.ft. This was followed by a decrease to Rs 1,206 per sq.ft in 2017. In 2023, the value increased to Rs 1,800 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,980 per sq.ft.

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

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO with 2024 guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing the guideline value of Lancor Uds above this median.

• Kumaran 2st Street (Ward-20): Rs 881 per sq.ft (2024)
• Malaiadivaaram (Ward -1): Rs 770 per sq.ft (2024)
• Kumaran 1st Street (Ward-20): Rs 881 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 guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lancor Uds?

The Sub Registrar Office that covers Lancor Uds is 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 Thailavaram

The guideline value plays a crucial role during the registration process of property transactions in Thailavaram. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue based on the property's assessed value.

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 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 of Lancor Uds?

Lancor Uds is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

Where can I find the Chengleput Joint II SRO?

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

How is stamp duty calculated for properties in Thailavaram?

Stamp duty for properties in Thailavaram is calculated based on the higher of the guideline value or the sale price. The current rate is 7% for stamp duty and 2% for the registration fee.