Guideline Value for LSS VIJAY AVENUE

Lss Vijay Avenue guideline value

The current guideline value of Lss Vijay Avenue is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Perumattu Nellore village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Lss Vijay Avenue has changed

Over the years, the guideline value of Lss Vijay Avenue has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged until the 2023 revision, where it still stood at Rs 800 per sq.ft. The 2017 revision had a lower value of Rs 536 per sq.ft, marking a decrease of 33% from the 2012 figure. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 800 per sq.ft. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained constant at Rs 800 per sq.ft, showing no percentage change.

Guideline values in Perumattu Nellore

In Perumattu Nellore, there are 83 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,850 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Lss Vijay Avenue's 2024 figure above that median.

• L.S.S. Anandham Avenue: Rs 500 per sq.ft (2024)
• Madras Garden: Rs 500 per sq.ft (2024)
• Lavakusa Nagar: Rs 500 per sq.ft (2024)
• Lakshmi Puram: Rs 800 per sq.ft (2024)
• Lakshmi Nagar: Rs 800 per sq.ft (2024)
• Manickam Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Lss Vijay Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty is calculated at 7%, resulting in Rs 56,000, while the registration fee is charged at 2%, amounting to Rs 16,000. Together, the total fees would be Rs 72,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lss Vijay Avenue?

Lss Vijay Avenue falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perumattu Nellore. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation of the property.

When a property is sold, the guideline value helps to establish a fair price for the transaction, which is essential for both the buyer and the seller. It ensures transparency in the registration process and helps in maintaining accurate records for property transactions in the area.

Frequently asked questions

What is the current guideline value of Lss Vijay Avenue?

The current guideline value of Lss Vijay Avenue is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft from 2012 to 2024, with a notable increase of 49% from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023.

What is the land classification for Lss Vijay Avenue?

Lss Vijay Avenue is classified as Residential Special Type - I, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for properties in Lss Vijay Avenue?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Lss Vijay Avenue?

The Chengleput Joint II Sub Registrar Office handles registrations for Lss Vijay Avenue, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.