Guideline Value for LEDA

Leda guideline value

The current guideline value for Leda in Varadarajapuram village, under the Padappai SRO, is Rs 990 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class III Type - I.

How the guideline value of Leda has changed

The guideline value for Leda has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 900 per sq.ft, which increased by 10% to Rs 990 per sq.ft in the 2024 revision.

This increase reflects a change from Rs 900 in 2023 to Rs 990 in 2024. The guideline value for Leda is now established at Rs 990 per sq.ft, marking a significant adjustment in the valuation of properties in this area.

Guideline values in Varadarajapuram

Varadarajapuram has a total of 250 streets under the Padappai SRO, with guideline values ranging from Rs 880 to Rs 4,100 per sq.ft. The median guideline value in this village is Rs 1,650 per sq.ft, placing Leda's current figure below that median.

• Latheef Nagar: Rs 990 per sq.ft (2024)
• M.A Avenue Main Road: Rs 1,650 per sq.ft (2024)
• LakshmiNarayana Avenue: Rs 990 per sq.ft (2024)
• Madhanapuram: Rs 1,320 per sq.ft (2024)
• Lakshmi Nagar Extention: Rs 3,300 per sq.ft (2024)
• Lakshmi Nagar Extension III: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Leda

For a 1,000 sq.ft plot at the current rate of Rs 990 per sq.ft, the guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For additional calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Leda?

The Sub Registrar Office covering Leda is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Varadarajapuram. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling properties.

When a property is registered, the guideline value is used to calculate the associated costs, ensuring that the transaction is recorded accurately in accordance with the prevailing regulations. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Leda?

The current guideline value of Leda is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

The guideline value changed from Rs 900 per sq.ft in 2023 to Rs 990 per sq.ft in 2024, reflecting a 10% increase.

What is the land classification for Leda?

Leda is classified as Residential Class III Type - I, indicating its suitability for residential developments.

Where can I find the Sub Registrar Office for Leda?

The Sub Registrar Office for Leda is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Leda?

Stamp duty for properties in Leda is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 9,90,000 would incur a stamp duty of Rs 69,300 at 7%.