Guideline Value

Corporate

Guideline Value for LIC Colony 4th Street

₹2530/sq.ft.

The guideline value for Lic Colony 4th 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 4th Street

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LIC Colony 4th Street guideline value

The current guideline value of LIC Colony 4th 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 is classified as Commercial Class I Type - II.

How the guideline value of LIC Colony 4th Street has changed

Over the years, the guideline value of LIC Colony 4th Street has seen significant changes. In 2003, the guideline value was Rs 220 per sq.ft. This increased to Rs 425 per sq.ft in 2007, marking a 93% rise. The value then surged to Rs 1,541 per sq.ft in 2017, which represented a remarkable 263% increase. The next revision in 2023 set the value at Rs 2,300 per sq.ft, a 49% jump from the previous figure. The most recent revision in 2024 brought the guideline value to Rs 2,530 per sq.ft, reflecting a 10% increase from 2023. The register has no figure for this street in 2012 and 2002.

Overall, from 2003 to 2024, the guideline value has increased by 1050%, showcasing a substantial rise in property values over the years.

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 of LIC Colony 4th Street is above this median.

Stamp duty and registration fee for property in LIC Colony 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, while the registration fee at 2% would be Rs 50,600, bringing the total cost for these fees to Rs 2,27,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers LIC Colony 4th Street?

The Sub Registrar Office that covers LIC Colony 4th 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 is a crucial factor in property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

During the registration process, the buyer must ensure that the sale price is equal to or greater than the guideline value. If the sale price is lower than the guideline value, the higher amount will be considered for calculating the stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of LIC Colony 4th Street?

The current guideline value of LIC Colony 4th 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 increased from Rs 220 per sq.ft in 2003 to Rs 2,530 per sq.ft in 2024, marking an overall increase of 1050% over the years.

What are the stamp duty rates for property in LIC Colony 4th Street?

The stamp duty rate for property transactions in LIC Colony 4th Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum registration value of a property, which impacts the stamp duty and registration fees during a transaction. Buyers must ensure that the sale price meets or exceeds the guideline value for registration purposes.