Guideline Value for LIME LIGHT

Lime Light guideline value

The current guideline value of Lime Light, located in Chembarambakkam village under the Poonamallee SRO, is Rs 2,300 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Special Type - V.

How the guideline value of Lime Light has changed

The guideline value for Lime Light has undergone several revisions over the years. The register has no figure for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 set the guideline value at Rs 2,300 per sq.ft.

Since there are no figures available for the earlier revisions mentioned, it is important to note that the only current figure is from the 2024 revision. There have been no changes between the revisions above.

Guideline values in Chembarambakkam

In Chembarambakkam, there are 64 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Lime Light's 2024 figure above that median.

• Lakshmipuram Annex: Rs 1,100 per sq.ft (2024)
• Manikandan Nagar: Rs 1,100 per sq.ft (2024)
• M.G.R Nagar: Rs 1,100 per sq.ft (2024)
• Mgr Nagar 100/1: Rs 878 per sq.ft (2024)
• Mithila: Rs 3,960 per sq.ft (2024)
• Nedunchalai: Rs 878 per sq.ft (2024)

Stamp duty and registration fee for property in Lime Light

For a 1,000 sq.ft plot at the current guideline value of Rs 2,300 per sq.ft, the total guideline value amounts to Rs 23,00,000. The stamp duty at 7% would be Rs 1,61,000, and the registration fee at 2% would be Rs 46,000. Together, these fees amount to Rs 2,07,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lime Light?

The Sub Registrar Office covering Lime Light is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Chembarambakkam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value.

It is essential for buyers and sellers to be aware of the guideline value, as it directly influences the overall transaction costs. Proper understanding of this value can aid in making informed decisions during property transactions in the area.

Frequently asked questions

What is the current guideline value of Lime Light?

The current guideline value of Lime Light is Rs 2,300 per sq.ft, effective from 1 July 2024.

What is the land classification for Lime Light?

The land classification for Lime Light is Residential Special Type - V.

How has the guideline value changed over the years?

The guideline value for Lime Light has not been available in the register for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only current figure is from the 2024 revision, which is Rs 2,300 per sq.ft.

What are the registration fees for property in Lime Light?

For a property valued at Rs 23,00,000, the stamp duty would be Rs 1,61,000 and the registration fee would be Rs 46,000, totaling Rs 2,07,000.

Where is the Sub Registrar Office for Lime Light located?

The Sub Registrar Office for Lime Light is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.