Guideline Value for LIC Oozliyar, Kudiyiruppu

LIC Oozliyar, Kudiyiruppu guideline value

The current guideline value of LIC Oozliyar, Kudiyiruppu is Rs 7,000 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III and falls under the Ashok Nagar Sub Registrar Office (SRO) in Chennai, Tamil Nadu.

How the guideline value of LIC Oozliyar, Kudiyiruppu has changed

The guideline value for LIC Oozliyar, Kudiyiruppu has seen several revisions over the years. The earliest recorded revision was in 2007, with a value of Rs 1,210 per sq.ft. This increased significantly to Rs 6,500 per sq.ft in 2012, marking a 437% rise. However, in 2017, the value dropped to Rs 4,355 per sq.ft, a decrease of 33%. The most recent revision in 2024 set the value at Rs 7,000 per sq.ft, reflecting a 61% increase from the previous revision.

Overall, from 2007 to 2024, the guideline value has increased by 479%. It is important to note that the register has no figures for the years 2023, 2003, and 2002 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 4,900 per sq.ft. The guideline value for LIC Oozliyar, Kudiyiruppu is above this median.

• LIC Colony: Rs 7,000 per sq.ft (2024)
• Lord Mount Pattern Street: Rs 3,300 per sq.ft (2024)
• Lambard Nagar: Rs 2,200 per sq.ft (2024)
• Lal Bagadur Sasthri Street: Rs 3,300 per sq.ft (2024)
• Lakshmi Street Block 61: Rs 5,500 per sq.ft (2024)
• Mahadeva Ayyar Street Block 43,44,35,45: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in LIC Oozliyar, Kudiyiruppu

For a 1,000 sq.ft plot at the current guideline value of Rs 7,000 per sq.ft, the total guideline value amounts to Rs 70,00,000. The stamp duty at 7% would be Rs 4,90,000, while the registration fee at 2% would be Rs 1,40,000, bringing the total fees to Rs 6,30,000. 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 further calculations.

Which Sub Registrar Office covers LIC Oozliyar, Kudiyiruppu?

LIC Oozliyar, Kudiyiruppu is covered by the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the legal value of the property. This helps maintain transparency in property dealings and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of LIC Oozliyar, Kudiyiruppu?

The current guideline value of LIC Oozliyar, Kudiyiruppu is Rs 7,000 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 1,210 per sq.ft in 2007 to Rs 7,000 per sq.ft in 2024, marking an overall increase of 479% over the years.

What are the other streets in Kodambakkam with their guideline values?

Other streets in Kodambakkam include LIC Colony at Rs 7,000 per sq.ft, Lord Mount Pattern Street at Rs 3,300 per sq.ft, and Lambard Nagar at Rs 2,200 per sq.ft, among others.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 70,00,000 would incur a stamp duty of Rs 4,90,000 at 7%.

Where can I find the Sub Registrar Office for LIC Oozliyar, Kudiyiruppu?

The Ashok Nagar Sub Registrar Office covers LIC Oozliyar, Kudiyiruppu and is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.