Guideline Value for LASAR NAGAR 10TH STREET

Lasar Nagar 10th Street guideline value

The current guideline value of Lasar Nagar 10th Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Paleripattu village under the Avadi SRO, and it falls under the land classification of Commercial Special Type - I.

How the guideline value of Lasar Nagar 10th Street has changed

The guideline value for Lasar Nagar 10th Street has seen significant changes over the years. In 2002, the guideline value was Rs 163 per sq.ft. This increased to Rs 184 per sq.ft in 2003, marking a 13% rise. The value continued to climb, reaching Rs 300 per sq.ft in 2007, which was a 63% increase from the previous year. By 2012, the guideline value was Rs 1,200 per sq.ft, reflecting a substantial 300% increase. However, this figure dropped to Rs 804 per sq.ft in 2017, indicating a decrease of 33%.

From 2017 to 2023, the value surged to Rs 1,800 per sq.ft, which is a remarkable increase of 124%. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, a 10% increase from 2023. Overall, from 2002 to 2024, the guideline value has increased by 1115%.

Guideline values in Paleripattu

In Paleripattu, there are 111 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,200 per sq.ft. The median guideline value for these streets is Rs 990 per sq.ft, making the 2024 figure for Lasar Nagar 10th Street above this median.

• Lasar Nagar 1st Street: Rs 1,980 per sq.ft (2024)
• Lasar Nagar 2nd Street: Rs 1,980 per sq.ft (2024)
• Lasar Nagar 3rd Street: Rs 1,980 per sq.ft (2024)
• Lasar Nagar 4th Street: Rs 1,980 per sq.ft (2024)
• Lasar Nagar 5th Street: Rs 1,980 per sq.ft (2024)
• Lasar Nagar 6th Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Lasar Nagar 10th Street

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, and the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. It is important to note that 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 Lasar Nagar 10th Street?

The Sub Registrar Office that covers Lasar Nagar 10th Street 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 Paleripattu

The guideline value is a crucial factor in the registration process when buying or selling property in Paleripattu. It serves as the basis for calculating stamp duty and registration fees, ensuring that these charges reflect the value of the property being transferred.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable duties. This process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Lasar Nagar 10th Street?

The current guideline value of Lasar Nagar 10th Street 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 significantly, increasing from Rs 163 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 1115%.

What is the land classification for Lasar Nagar 10th Street?

Lasar Nagar 10th Street falls under the land classification of Commercial Special Type - I.

What is the stamp duty rate for properties in Lasar Nagar 10th Street?

The stamp duty rate for properties in Lasar Nagar 10th Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for Lasar Nagar 10th Street?

The Sub Registrar Office for Lasar Nagar 10th Street is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.