Guideline Value for LASAR NAGAR 4TH STREET

Lasar Nagar 4th Street guideline value

The current guideline value of Lasar Nagar 4th 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 the land classification is Commercial Special Type - I.

How the guideline value of Lasar Nagar 4th Street has changed

The guideline value for Lasar Nagar 4th Street has undergone several revisions over the years. In 2002, the guideline value was Rs 163 per sq.ft, which increased to Rs 184 per sq.ft in 2003, marking a change of +13%. The value then rose significantly to Rs 300 per sq.ft in 2007, reflecting a +63% increase. By 2012, the value was Rs 1,200 per sq.ft, showing a substantial increase of +300% from the previous revision. However, it decreased to Rs 804 per sq.ft in 2017, a decline of -33%. The value then rose sharply to Rs 1,800 per sq.ft in 2023, marking an increase of +124%, and currently stands at Rs 1,980 per sq.ft from the 2024 revision, which is a +10% change from the previous year.

There are no figures available for the years not listed in the register for this street. 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 value is Rs 990 per sq.ft, and Lasar Nagar 4th Street's 2024 figure is 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)
• Lasar Nagar 7th Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Lasar Nagar 4th 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, together totaling Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lasar Nagar 4th Street?

The Sub Registrar Office that covers Lasar Nagar 4th 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 during the registration of property transactions in Paleripattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the sale price is reflective of the market standards.

When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction, based on the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Lasar Nagar 4th Street?

The current guideline value of Lasar Nagar 4th Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 163 per sq.ft to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of +1115%.

What are the other streets in Paleripattu with the same guideline value?

Other streets in Paleripattu that share the same guideline value of Rs 1,980 per sq.ft include Lasar Nagar 1st Street, Lasar Nagar 2nd Street, Lasar Nagar 3rd Street, Lasar Nagar 5th Street, Lasar Nagar 6th Street, and Lasar Nagar 7th Street.

Where can I find the Sub Registrar Office for Lasar Nagar 4th Street?

The Avadi Sub Registrar Office covers Lasar Nagar 4th Street, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Lasar Nagar 4th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,38,600.