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Guideline Value

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Guideline Value for LASURUS CHURCH ROAD 2ND STREET

₹8200/sq.ft.

The guideline value for Lasurus Church Road 2nd Street in Mylapore village (Mylapore SRO, Chennai zone) is Rs 8200 per sq.ft, effective 1 July 2024. It was Rs 7500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore

Village

Mylapore

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹8200 /sq.ft.
From 1-4-2023 ₹7500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹7500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1540 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹969 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹872 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony ,cresent Street Alwarpet,chennai -600018
044-24640344
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Lasurus Church Road 2nd Street

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Lasurus Church Road 2nd Street guideline value

The current guideline value of Lasurus Church Road 2nd Street is Rs 8,200 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Lasurus Church Road 2nd Street has changed

The guideline value for Lasurus Church Road 2nd Street has seen several revisions over the years. Starting from Rs 872 per sq.ft in 2002, it increased to Rs 969 per sq.ft in 2003, marking an 11% rise. The value further grew to Rs 1,540 per sq.ft in 2007, reflecting a significant increase of 59%. By 2012, the guideline value reached Rs 7,500 per sq.ft, which remained unchanged until 2023.

In 2023, the guideline value was again set at Rs 7,500 per sq.ft. However, in the 2024 revision, it rose to Rs 8,200 per sq.ft, indicating a 9% increase. Overall, from 2002 to 2024, the guideline value has increased by 840%. It is important to note that the register has no figure for this street in 2017.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft, with a median value of Rs 8,800 per sq.ft. The guideline value for Lasurus Church Road 2nd Street is below this median.

Stamp duty and registration fee for property in Lasurus Church Road 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,200 per sq.ft, the total guideline value would be Rs 82,00,000. The stamp duty at 7% would amount to Rs 5,74,000, while the registration fee at 2% would be Rs 1,64,000, bringing the total to Rs 7,38,000. Duty is charged on the higher of the guideline value and the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lasurus Church Road 2nd Street?

The Sub Registrar Office that covers Lasurus Church Road 2nd Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair price, preventing undervaluation. This helps maintain transparency in the real estate market and ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Lasurus Church Road 2nd Street?

The current guideline value of Lasurus Church Road 2nd Street is Rs 8,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 872 per sq.ft in 2002 to Rs 8,200 per sq.ft in 2024, marking an overall increase of 840% across the years.

What is the role of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that properties are not undervalued and that the government receives appropriate revenue from these transactions.

Where can I find the Sub Registrar Office for Lasurus Church Road 2nd Street?

The Mylapore Sub Registrar Office covers Lasurus Church Road 2nd Street, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.

What are the other streets with similar guideline values in Mylapore?

Other streets in Mylapore with similar guideline values include Lasurus Church Road 1st Street, Lasurus Church Road 3rd Street, Lambath Avenue, and Lalithapuram, all at Rs 8,200 per sq.ft in 2024.