Guideline Value for LINGESWARAN NAGAR

Lingeswaran Nagar guideline value

The current guideline value of Lingeswaran Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village under the Chengleput Joint II SRO, classified as Residential Special Type - II.

How the guideline value of Lingeswaran Nagar has changed

The guideline value for Lingeswaran Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft. This figure remained unchanged in the 2017 revision, which saw a decrease of 33% to Rs 1,206 per sq.ft. The value then increased significantly by 49% to Rs 1,800 per sq.ft in the 2023 revision. Most recently, the 2024 revision has raised the guideline value to Rs 1,980 per sq.ft, marking a 10% increase from the previous year.

It is important to note that the guideline value register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

Kattankollatur village features a total of 453 streets under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median value across these streets is Rs 1,100 per sq.ft, placing Lingeswaran Nagar's 2024 guideline value above this median.

• Madha Koil Street (Ward -18): Rs 660 per sq.ft (2024)
• Lakshmi Nagar (Pa): Rs 440 per sq.ft (2024)
• Maha Ngar Phase -1,2,3 (Pa): Rs 660 per sq.ft (2024)
• K V Vines Nagar (Sa): Rs 440 per sq.ft (2024)
• Main Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Kuravanji Street (Ward -8): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Lingeswaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lingeswaran Nagar?

The Sub Registrar Office that covers Lingeswaran Nagar is 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Kattankollatur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges reflect the current market conditions as determined by the local authorities.

When buying or selling property, the guideline value helps establish a fair price for the transaction, as it is used to determine the applicable duties and fees. This ensures transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Lingeswaran Nagar?

The current guideline value of Lingeswaran Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Lingeswaran Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 19,80,000, resulting in a stamp duty of Rs 1,38,600 and a registration fee of Rs 39,600, totaling Rs 1,78,200.

Which Sub Registrar Office covers Lingeswaran Nagar?

The Chengleput Joint II Sub Registrar Office at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone covers Lingeswaran Nagar.

How is the guideline value used in property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions, ensuring that these charges are based on current market conditions. It helps establish a fair price for buying and selling properties in the area.