Guideline Value

Corporate

Guideline Value for LASAR NAGAR 5TH STREET

₹1980/sq.ft.

The guideline value for Lasar Nagar 5th Street in Paleripattu village (Avadi SRO, Chennai zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paleripattu

Village

Avadi

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹184 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹163 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Lasar Nagar 5th Street

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Lasar Nagar 5th Street guideline value

The current guideline value of Lasar Nagar 5th 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 5th Street has changed

The guideline value for Lasar Nagar 5th Street has undergone several revisions over the years. In 2002, the value was Rs 163 per sq.ft, which increased to Rs 184 per sq.ft in 2003, marking a 13% rise. The value then saw a significant increase of 63% to reach Rs 300 per sq.ft in 2007. Following this, in 2012, the value decreased by 33% to Rs 1,200 per sq.ft. The next revision in 2017 saw a substantial increase of 124%, bringing the value to Rs 804 per sq.ft. The most recent revisions were in 2023 and 2024, with the value rising from Rs 1,800 per sq.ft in 2023 to Rs 1,980 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the revisions in years other than those listed. The overall change from 2002 to 2024 is an increase of 1,115%.

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, with a median value of Rs 990 per sq.ft. The guideline value for Lasar Nagar 5th Street is above this median.

Stamp duty and registration fee for property in Lasar Nagar 5th 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 charges 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lasar Nagar 5th Street?

The Sub Registrar Office that covers Lasar Nagar 5th 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 an essential factor when registering property transactions in Paleripattu. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the registration process is transparent and standardized.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Lasar Nagar 5th Street?

The current guideline value of Lasar Nagar 5th 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 seen several revisions, with the most recent increase from Rs 1,800 per sq.ft in 2023 to Rs 1,980 per sq.ft in 2024, a 10% increase. Over the years, the overall increase from 2002 to 2024 is 1,115%.

What is the land classification for Lasar Nagar 5th Street?

The land classification for Lasar Nagar 5th Street is Commercial Special Type - I, indicating its designated use for commercial purposes.

Where can I find the registration office for Lasar Nagar 5th Street?

The registration office for Lasar Nagar 5th 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.

How is stamp duty calculated for properties in Lasar Nagar 5th Street?

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