Guideline Value for LUMINA

Lumina guideline value

The current guideline value of Lumina, located in Kayirambedu village under the Chengleput Joint II SRO, is Rs 1,001 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Lumina has changed

In the 2023 revision, the guideline value for Lumina was Rs 1,000 per sq.ft. The 2024 revision shows no increase in this value, maintaining the rate at Rs 1,001 per sq.ft, which reflects a change of +0% from the previous year. It is important to note that the register has no figures for this street in the revisions from 2002, 2003, 2007, 2012, and 2017.

As we look back further, the guideline values for Lumina have not been recorded in the years 2002, 2003, 2007, 2012, and 2017. The only available figures are from the 2023 and 2024 revisions, indicating a stable valuation in recent years.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO with a 2024 guideline value range from Rs 400 to Rs 3,550 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Lumina's 2024 figure above this median.

• Madhavi Nagar: Rs 700 per sq.ft (2024)
• Mahanathi Nagar: Rs 700 per sq.ft (2024)
• K R Garden: Rs 700 per sq.ft (2024)
• K.R.C Nagar: Rs 700 per sq.ft (2024)
• M.G.Nagar: Rs 2,389 per sq.ft (2024)
• M.G. Nagar Extension: Rs 2,389 per sq.ft (2024)

Stamp duty and registration fee for property in Lumina

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total charges to Rs 90,090. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lumina?

The Chengleput Joint II Sub Registrar Office covers Lumina, 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 Kayirambedu

The guideline value is a crucial factor in property transactions in Kayirambedu. It serves as a benchmark for the minimum price at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value will determine the stamp duty and registration fees applicable. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Lumina?

The current guideline value of Lumina is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Lumina has seen a slight increase from Rs 1,000 per sq.ft in 2023 to Rs 1,001 per sq.ft in 2024, reflecting a change of +0%.

What is the land classification for Lumina?

The land classification for Lumina is Residential Special Type - I, indicating its designated use for residential purposes.

What are the guideline values of other streets in Kayirambedu?

Other streets in Kayirambedu have varying guideline values, with rates ranging from Rs 400 to Rs 3,550 per sq.ft. For instance, Madhavi Nagar, Mahanathi Nagar, K R Garden, and K.R.C Nagar all have a guideline value of Rs 700 per sq.ft in 2024.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles property registrations in the area.