Guideline Value for Labour School 2nd Street

Labour School 2nd Street guideline value

The current guideline value for Labour School 2nd Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village, under the Tambaram Joint 1 SRO, and is classified as Residential Class II Type - II.

How the guideline value of Labour School 2nd Street has changed

The guideline value for Labour School 2nd Street has undergone several revisions over the years. The earliest available figure is from 2012, which was Rs 800 per sq.ft. This was followed by a decrease to Rs 536 per sq.ft in 2017. The value then increased significantly to Rs 800 per sq.ft in 2023, and finally, it rose to Rs 880 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a substantial increase of 49%. However, the value from 2012 to 2017 saw a decline of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kadaperi

Kadaperi village has a total of 142 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 7,700 per sq.ft as of 2024. The median guideline value in this area is Rs 1,650 per sq.ft, indicating that the 2024 figure for Labour School 2nd Street is below this median.

• Labour School 1st Street: Rs 880 per sq.ft (2024)
• Labour School 3rd Street: Rs 880 per sq.ft (2024)
• Kumaran Street: Rs 1,320 per sq.ft (2024)
• L.I.G.H. Street: Rs 1,100 per sq.ft (2024)
• Loordharan Church Street: Rs 1,320 per sq.ft (2024)
• Kasthuri Bai Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Labour School 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total charges to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Labour School 2nd Street?

The Sub Registrar Office that covers Labour School 2nd Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Kadaperi

The guideline value plays a crucial role in the property registration process in Kadaperi. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the guideline value, as it can affect the overall cost of the transaction. Accurate knowledge of the guideline value helps in making informed decisions during property transactions in the area.

Frequently asked questions

What is the current guideline value for Labour School 2nd Street?

The current guideline value for Labour School 2nd Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Labour School 2nd Street?

Labour School 2nd Street is classified as Residential Class II Type - II.

What are the guideline values for other streets in Kadaperi?

Other streets in Kadaperi have varying guideline values, with Labour School 1st Street and Labour School 3rd Street both at Rs 880 per sq.ft, while Kumaran Street is at Rs 1,320 per sq.ft, and Kasthuri Bai Street is at Rs 1,650 per sq.ft.

Where can I find the Sub Registrar Office for Labour School 2nd Street?

The Sub Registrar Office for Labour School 2nd Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.