Guideline Value for LEO CRUSHER ESTATE

Leo Crusher Estate guideline value

The current guideline value of Leo Crusher Estate is Rs 2,100 per sq.ft. This estate is located in Arasankalani village, under the Selaiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Leo Crusher Estate has changed

The guideline value for Leo Crusher Estate has undergone several revisions over the years. The earliest recorded figure in the register is from 2012, which was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in 2017. The value then increased to Rs 2,000 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 2,100 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

Between the revisions, there have been notable changes. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The change from 2023 to 2024 reflects a 5% increase, resulting in the current guideline value of Rs 2,100 per sq.ft, which is equal to the median value of Rs 2,100 per sq.ft for the village in 2024.

Guideline values in Arasankalani

In Arasankalani, there are 85 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 4,750 per sq.ft. The median value is Rs 2,100 per sq.ft, which is the same as the guideline value for Leo Crusher Estate.

• Mahalakshmi Nagar: Rs 2,200 per sq.ft (2024)
• Mahalakshmi Nagar Phase-I: Rs 2,200 per sq.ft (2024)
• Mahalakshmi Nagar Phase-II: Rs 2,200 per sq.ft (2024)
• Majestic Square: Rs 2,100 per sq.ft (2024)
• Mangalam Nagar: Rs 1,650 per sq.ft (2024)
• Meenakshi Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Leo Crusher Estate

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total guideline value would be Rs 21,00,000. The stamp duty, charged at 7%, would amount to Rs 1,47,000, while the registration fee at 2% would be Rs 42,000. Together, the total cost for stamp duty and registration fee would be Rs 1,89,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Leo Crusher Estate?

The Sub Registrar Office that covers Leo Crusher Estate is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Arasankalani. It determines the minimum value at which the property can be registered, ensuring that the transaction is recorded at a fair value based on the prevailing rates in the area.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of real estate in the region.

Frequently asked questions

What is the current guideline value of Leo Crusher Estate?

The current guideline value of Leo Crusher Estate is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,100 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Leo Crusher Estate?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fee would be Rs 1,89,000.

Which Sub Registrar Office covers Leo Crusher Estate?

The Selaiyur Sub Registrar Office covers Leo Crusher Estate, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification for Leo Crusher Estate?

Leo Crusher Estate is classified as Residential Class I Type - I, indicating its suitability for residential development.