Guideline Value for LSS VASANTHAM AVENUE

Lss Vasantham Avenue guideline value

The current guideline value of Lss Vasantham Avenue is Rs 1,843 per sq.ft, effective from 1 July 2024. This street is located in Thirukkachur - 1 village, under the Chengleput Joint II SRO, and is classified as Mixed Type - I land.

How the guideline value of Lss Vasantham Avenue has changed

The guideline value for Lss Vasantham Avenue has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,843 per sq.ft, which is a 10% increase from Rs 1,675 per sq.ft in the 2023 revision. The 2023 figure remained unchanged from the 2017 revision, which also recorded Rs 1,675 per sq.ft. The register has no figure for this street for the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 10%. This reflects the changes in the value of Lss Vasantham Avenue over the last few years, with the most significant change occurring between 2023 and 2024.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 385 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, placing Lss Vasantham Avenue's 2024 figure above this median.

• Mahalakshmi Nagar: Rs 550 per sq.ft (2024)
• Malai Koil Street: Rs 550 per sq.ft (2024)
• Kurinchi Nagar: Rs 660 per sq.ft (2024)
• Kulakarai Street: Rs 385 per sq.ft (2024)
• Marundeeswarar Avenue: Rs 590 per sq.ft (2024)
• Kothari Nagar Phase - II: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Lss Vasantham Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,843 per sq.ft, the total guideline value would be Rs 18,43,000. The stamp duty at 7% would amount to Rs 1,29,010, and the registration fee at 2% would be Rs 36,860. Together, the total cost for stamp duty and registration fee would be Rs 1,65,870. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Lss Vasantham Avenue?

The Sub Registrar Office that covers Lss Vasantham Avenue 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 Thirukkachur - 1

The guideline value is a critical factor in the registration of property transactions in Thirukkachur - 1. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, it is essential to be aware of the guideline value, as it impacts the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Lss Vasantham Avenue?

The current guideline value of Lss Vasantham Avenue is Rs 1,843 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2023 to Rs 1,843 per sq.ft in 2024, a change of 10%. There was no change from 2017 to 2023, where the value remained at Rs 1,675 per sq.ft.

What is the land classification of Lss Vasantham Avenue?

Lss Vasantham Avenue is classified as Mixed Type - I land according to the current guidelines.

What are the stamp duty and registration fees for a property in Lss Vasantham Avenue?

The stamp duty for a property valued at Rs 18,43,000 would be Rs 1,29,010, and the registration fee would be Rs 36,860, totaling Rs 1,65,870.

Where is the Sub Registrar Office for Lss Vasantham Avenue located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.