Guideline Value

Corporate

Guideline Value for LIC Colony 2nd Street

₹2530/sq.ft.

The guideline value for Lic Colony 2nd Street in Anakaputhur village (Pammal SRO, Chengalpattu zone) is Rs 2530 per sq.ft, effective 1 July 2024. It was Rs 2300 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Anakaputhur

Village

Pammal

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2530 /sq.ft.
From 1-4-2023 ₹2300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1541 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹425 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹220 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Lic Colony 2nd Street

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LIC Colony 2nd Street guideline value

The current guideline value of LIC Colony 2nd Street is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, and it falls under the Commercial Class I Type - II land classification.

How the guideline value of LIC Colony 2nd Street has changed

The guideline value for LIC Colony 2nd Street has undergone several revisions over the years. In 2003, the guideline value was Rs 220 per sq.ft. This increased to Rs 425 per sq.ft in 2007, reflecting a change of 93%. The value then saw a significant rise to Rs 1,541 per sq.ft in 2017, marking an increase of 263%. The next revision in 2023 set the guideline value at Rs 2,300 per sq.ft, which was a 49% increase from the previous figure. The most recent revision in 2024 has established the current guideline value at Rs 2,530 per sq.ft, representing a 10% increase from 2023.

It is important to note that the register does not have figures for the years 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 1050%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. The guideline value for LIC Colony 2nd Street is above this median.

Stamp duty and registration fee for property in LIC Colony 2nd Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total to Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers LIC Colony 2nd Street?

The Sub Registrar Office that covers LIC Colony 2nd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Anakaputhur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable. This value is essential for ensuring that the correct taxes are paid during the registration process.

During the registration of a property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of LIC Colony 2nd Street?

The current guideline value of LIC Colony 2nd Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 220 per sq.ft in 2003 to Rs 2,530 per sq.ft in 2024, marking an overall increase of 1050%.

What are the stamp duty and registration fees for property in LIC Colony 2nd Street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 1,77,100, and the registration fee would be Rs 50,600, totaling Rs 2,27,700.

Which office handles the registration for LIC Colony 2nd Street?

The Pammal Sub Registrar Office handles the registration for LIC Colony 2nd Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the guideline value used during property registration?

The guideline value is used to determine the stamp duty and registration fees during property registration. The higher value between the guideline value and the sale price is considered for calculating these fees.