Guideline Value for LSS SAI NAGAR

Lss Sai Nagar guideline value

The current guideline value of Lss Sai Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Alavoor village, under the Walajabad SRO, and is classified as Residential Special Type - I.

How the guideline value of Lss Sai Nagar has changed

According to the register, the guideline value for Lss Sai Nagar has remained constant at Rs 400 per sq.ft from the 2023 revision to the 2024 revision, showing no percentage change. Prior to this, there are no recorded figures for this street in the revisions from 2017, 2012, 2007, 2003, and 2002.

The 2024 revision marks a continuation of the Rs 400 per sq.ft figure established in the 2023 revision, indicating stability in the guideline value for this area over the past two years.

Guideline values in Alavoor

In Alavoor village, there are seven streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 600 per sq.ft. The median value among these streets is Rs 300 per sq.ft, placing the Lss Sai Nagar guideline value above this median.

• Ishwaryam Garden Sumathi Ammal Nagar Ext-2: Rs 300 per sq.ft (2024)
• Dr.A.P.J.Abdul Kalam Nagar-Phase-I: Rs 600 per sq.ft (2024)
• Classic Avenue: Rs 300 per sq.ft (2024)
• S.B.K Avenue: Rs 600 per sq.ft (2024)
• Sumathi Ammal Nagar: Rs 300 per sq.ft (2024)
• Sumathi Ammal Nagar Ex-1: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Lss Sai 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, bringing the total fees to 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 Lss Sai Nagar?

The Lss Sai Nagar area is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Alavoor. It serves as the basis for calculating stamp duty and registration fees, ensuring that these charges are appropriately assessed based on the official valuation of the property.

When buying or selling property, it's essential to be aware of the current guideline value, as it directly influences the financial obligations involved in the registration process. Buyers should ensure that they are aware of these costs to avoid any surprises during the transaction.

Frequently asked questions

What is the current guideline value of Lss Sai Nagar?

The current guideline value of Lss Sai 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 the 2023 revision to the 2024 revision, with no recorded figures for earlier revisions from 2017, 2012, 2007, 2003, and 2002.

What is the land classification of Lss Sai Nagar?

Lss Sai Nagar is classified as Residential Special Type - I, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for property in Lss Sai Nagar?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 4,00,000, the total fees would amount to Rs 36,000.

Which office handles property registrations for Lss Sai Nagar?

The Walajabad Sub Registrar Office handles property registrations for Lss Sai Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.