Guideline Value for LASAR NAGAR 9TH STREET

Lasar Nagar 9th Street guideline value

The current guideline value of Lasar Nagar 9th 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 9th Street has changed

The guideline value for Lasar Nagar 9th Street has seen significant changes 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 rose to Rs 300 per sq.ft in 2007, reflecting a 63% increase. Following this, the value surged to Rs 1,200 per sq.ft in 2012, a substantial increase of 300%. However, there was a decline to Rs 804 per sq.ft in 2017, showing a decrease of 33%. The value then increased again to Rs 1,800 per sq.ft in 2023, which was a 124% rise, and currently stands at Rs 1,980 per sq.ft from the 2024 revision, representing a 10% increase.

There are no figures available for the revisions in the years not 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. Lasar Nagar 9th Street's 2024 guideline value is above this median.

• Lasar Nagar 8th Street: Rs 1,980 per sq.ft (2024)
• Lasar Nagar Main Road: Rs 1,980 per sq.ft (2024)
• Lasar Nagar 7th Street: Rs 1,980 per sq.ft (2024)
• Lasar Nagar 6th Street: Rs 1,980 per sq.ft (2024)
• Lasar Nagar 5th Street: Rs 1,980 per sq.ft (2024)
• Lasar Nagar 4th Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Lasar Nagar 9th 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 be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total cost for stamp duty and registration fees 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 information.

Which Sub Registrar Office covers Lasar Nagar 9th Street?

The Sub Registrar Office covering Lasar Nagar 9th 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 further assistance.

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

The guideline value is a crucial factor during property registration in Paleripattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both the buyer and seller must consider the guideline value, as it affects the overall transaction costs. The registration process will require payment of fees based on the guideline value or the sale price, whichever is higher, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Lasar Nagar 9th Street?

The current guideline value of Lasar Nagar 9th Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much 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, which is an overall increase of 1,115%.

What is the land classification for Lasar Nagar 9th Street?

The land classification for Lasar Nagar 9th Street is Commercial Special Type - I.

How does the guideline value affect property registration fees?

The guideline value is used to determine the stamp duty and registration fees during property registration. Fees are charged based on the higher of the guideline value or the sale price.

Where is the Avadi Sub Registrar Office located?

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