Guideline Value for Labour School Street II nd Cross

Labour School Street II nd Cross guideline value

The current guideline value of Labour School Street II nd Cross is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO and is classified as Residential Class III Type - I.

How the guideline value of Labour School Street II nd Cross has changed

The guideline value for Labour School Street II nd Cross has undergone several revisions over the years. The oldest available figure is from the 2017 revision, which recorded a value of Rs 1,407 per sq.ft. This value increased to Rs 2,099 per sq.ft in the 2023 revision, marking a significant change of 49%. The most recent revision in 2024 sets the guideline value at Rs 2,350 per sq.ft, reflecting an increase of 12% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 67%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft, with a median value of Rs 1,980 per sq.ft. The guideline value for Labour School Street II nd Cross is above this median.

• Labour School Street IIIrd Cross Street: Rs 2,350 per sq.ft (2024)
• Labour School Street Ist Cross: Rs 2,350 per sq.ft (2024)
• Labour School Street: Rs 2,350 per sq.ft (2024)
• Labour School Street Ivth Cross Street: Rs 2,350 per sq.ft (2024)
• Kutty Nadar Street: Rs 1,760 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,980 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value amounts to Rs 23,50,000. The stamp duty at 7% would be Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, bringing the total cost for these fees to Rs 2,11,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Labour School Street II nd Cross?

The Sub Registrar Office that covers Labour School Street II nd Cross is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the guideline value is used to ensure that the transaction is recorded at a fair value, which helps in maintaining transparency in property transactions. This value is essential for both buyers and sellers to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Labour School Street II nd Cross?

The current guideline value of Labour School Street II nd Cross is Rs 2,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,407 per sq.ft in 2017 to Rs 2,350 per sq.ft in 2024, marking an overall increase of 67%. The value also rose from Rs 2,099 per sq.ft in 2023 to Rs 2,350 per sq.ft in 2024.

Where can I find the registration office for Labour School Street II nd Cross?

The registration office for Labour School Street II nd Cross is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

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

For a plot of 1,000 sq.ft, the total guideline value is Rs 23,50,000, with stamp duty at Rs 1,64,500 and registration fee at Rs 47,000, totaling Rs 2,11,500.

What does the guideline value indicate?

The guideline value indicates the minimum price at which a property can be registered in a specific area. It is used to calculate the stamp duty and registration fees during property transactions.