Guideline Value for LODHAS PATHANKESHWARAR NAGAR

Lodhas Pathankeshwarar Nagar guideline value

The current guideline value of Lodhas Pathankeshwarar Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Palur-A village under the Chengleput Joint II SRO and is classified as Residential Special Type - I.

How the guideline value of Lodhas Pathankeshwarar Nagar has changed

The guideline value for Lodhas Pathankeshwarar Nagar has undergone several revisions over the years. The oldest revision available is from 2017, where the guideline value was Rs 268 per sq.ft. This figure remained unchanged until the 2023 revision, which also recorded a value of Rs 400 per sq.ft. The most recent revision in 2024 has kept the guideline value at Rs 400 per sq.ft, indicating a 49% increase from the 2017 figure.

From 2017 to 2023, the guideline value increased by 49%. The transition from 2023 to 2024 saw no change, as both years recorded the same value of Rs 400 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

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, with a median value of Rs 400 per sq.ft. Lodhas Pathankeshwarar Nagar's 2024 guideline value aligns with this median.

• Lilli Avenue: Rs 600 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 Lodhas Pathankeshwarar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total cost for these fees Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lodhas Pathankeshwarar Nagar?

The Sub Registrar Office that covers Lodhas Pathankeshwarar 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 information.

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

The guideline value plays a crucial role in the registration process of property transactions in Palur-A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is in accordance with government regulations.

When buyers or sellers engage in property transactions, the guideline value is used to calculate the stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and must be paid based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Lodhas Pathankeshwarar Nagar?

The current guideline value of Lodhas Pathankeshwarar Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

What is the land classification for Lodhas Pathankeshwarar Nagar?

Lodhas Pathankeshwarar Nagar is classified as Residential Special Type - I, indicating its designated use for residential purposes.

Where can I find the registration office for Lodhas Pathankeshwarar Nagar?

The registration office covering Lodhas Pathankeshwarar Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 400 per sq.ft would incur a stamp duty of Rs 28,000.