Guideline Value for Labour School 3rd Street

Labour School 3rd Street guideline value

The current guideline value of Labour School 3rd 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 falls under the Residential Class II Type - II land classification.

How the guideline value of Labour School 3rd Street has changed

The guideline value for Labour School 3rd Street has undergone several revisions over the years. In 2012, the value was set at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. Following this, the value increased to Rs 800 per sq.ft in 2023, and finally reached Rs 880 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 7,700 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value for Labour School 3rd Street is below this median.

• Labour School 2nd Street: Rs 880 per sq.ft (2024)
• Labour School 1st 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 3rd 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, making the total cost for these fees 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Labour School 3rd Street?

The Labour School 3rd Street falls under 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 is a crucial factor in property transactions in Kadaperi, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

During the registration process, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Labour School 3rd Street?

The current guideline value of Labour School 3rd 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 increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What are the guideline values of other streets in Kadaperi?

Other streets in Kadaperi have varying guideline values, with Labour School 2nd Street and Labour School 1st Street both at Rs 880 per sq.ft, while Kumaran Street and Loordharan Church Street are at Rs 1,320 per sq.ft.

What are the stamp duty and registration fees for a property in Labour School 3rd Street?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Labour School 3rd Street?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Labour School 3rd Street, located at No.26, mes Road, East Tambaram, Chennai-600059.