Guideline Value for LILLI AVENUE

Lilli Avenue guideline value

The current guideline value of Lilli Avenue is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Palur-A village under the Chengleput Joint II SRO and is classified as Mixed Special Type - I.

How the guideline value of Lilli Avenue has changed

The guideline value for Lilli Avenue has undergone several revisions over the years. The most recent revision in 2024 maintains the value at Rs 600 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 402 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

There are no figures available for Lilli Avenue in the revisions of 2002, 2003, 2007, and 2012. This indicates that the guideline value for this street has been consistent since the 2017 revision.

Guideline values in Palur-A

In Palur-A, there are 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Lilli Avenue's 2024 figure above that median.

• Lodhas Pathankeshwarar Nagar: Rs 400 per sq.ft (2024)
• Lakshmi Nagar: Rs 400 per sq.ft (2024)
• M.S.R.Nagar: Rs 400 per sq.ft (2024)
• N.G.O.Nagar: Rs 600 per sq.ft (2024)
• Olive Avenue: Rs 400 per sq.ft (2024)
• Om Sai Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Lilli Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. 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 Lilli Avenue?

Lilli Avenue falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Palur-A

The guideline value is a crucial factor in the registration process for property transactions in Palur-A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value will be referenced to ensure that the correct fees are applied. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Lilli Avenue?

The current guideline value of Lilli Avenue is Rs 600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%. The value has remained the same at Rs 600 per sq.ft from 2023 to 2024.

What is the median guideline value in Palur-A?

The median guideline value for the 44 streets in Palur-A is Rs 400 per sq.ft, with Lilli Avenue's 2024 figure being above this median.

What are the registration fees for a property in Lilli Avenue?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000.

Where can I find the Sub Registrar Office for Lilli Avenue?

The Chengleput Joint II Sub Registrar Office covers Lilli Avenue and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.