Guideline Value for LUZ CHURCH 3RD LANE

Luz Church 3rd Lane guideline value

The current guideline value of Luz Church 3rd Lane is Rs 13,200 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class II Type - I.

How the guideline value of Luz Church 3rd Lane has changed

The guideline value for Luz Church 3rd Lane has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 13,200 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 12,000 per sq.ft. The 2012 revision also recorded a value of Rs 12,000 per sq.ft, indicating no change from that year to 2023.

There are no figures available for the years 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Mylapore

In Mylapore village, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft, with a median value of Rs 8,800 per sq.ft. The guideline value for Luz Church 3rd Lane is above this median.

• Luz Church 2nd Lane: Rs 13,200 per sq.ft (2024)
• Luz Church Lane: Rs 13,200 per sq.ft (2024)
• Luz Church 1st Lane: Rs 13,200 per sq.ft (2024)
• Luz Church Road: Rs 22,000 per sq.ft (2024)
• Luz Avenue School Road: Rs 22,000 per sq.ft (2024)
• Luz Avenue School Lane: Rs 22,000 per sq.ft (2024)

Stamp duty and registration fee for property in Luz Church 3rd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value would be Rs 1,32,00,000. The stamp duty at 7% would amount to Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, bringing the total fees to Rs 11,88,000. 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 more detailed calculations.

Which Sub Registrar Office covers Luz Church 3rd Lane?

The Sub Registrar Office that covers Luz Church 3rd Lane is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is bought or sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction is documented accurately according to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Luz Church 3rd Lane?

The current guideline value of Luz Church 3rd Lane is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 12,000 per sq.ft in 2023 to Rs 13,200 per sq.ft in 2024, marking a 10% increase. From 2012 to 2023, there was no change, with the value remaining at Rs 12,000 per sq.ft.

What is the classification of Luz Church 3rd Lane?

Luz Church 3rd Lane is classified as Residential Class II Type - I. This classification is important for determining the guideline value and applicable regulations.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 11,88,000 based on the current guideline value.

Where can I find the Sub Registrar Office for Luz Church 3rd Lane?

The Sub Registrar Office for Luz Church 3rd Lane is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.