Guideline Value for Labour School Street IIIrd Cross Street

Labour School Street IIIrd Cross Street guideline value

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

How the guideline value of Labour School Street IIIrd Cross Street has changed

The guideline value for Labour School Street IIIrd Cross Street has undergone several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 1,407 per sq.ft. In 2023, this value increased to Rs 2,099 per sq.ft, marking a significant rise of 49%. The most recent revision in 2024 saw the guideline value rise further to Rs 2,350 per sq.ft, reflecting a 12% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 67%.

Guideline values in Anakaputhur

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

• Labour School Street: Rs 2,350 per sq.ft (2024)
• Labour School Street II nd Cross: Rs 2,350 per sq.ft (2024)
• Labour School Street Ist Cross: 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 IIIrd Cross Street

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

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

Which Sub Registrar Office covers Labour School Street IIIrd Cross Street?

The Labour School Street IIIrd Cross Street falls under the jurisdiction of 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 information.

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

The guideline value is an essential factor in property transactions in Anakaputhur, 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 that these costs are based on a standardized valuation.

It is crucial for buyers and sellers to be aware of the guideline value, as it influences the overall transaction costs and legal obligations during the registration process. Understanding these values can help in making informed decisions during property dealings.

Frequently asked questions

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

The current guideline value of Labour School Street IIIrd Cross Street 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, representing an overall increase of 67% over this period.

What is the land classification for Labour School Street IIIrd Cross Street?

Labour School Street IIIrd Cross Street is classified as Residential Class III Type - I according to the land classification standards.

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

For a property valued at Rs 23,50,000, the stamp duty would be Rs 1,64,500 and the registration fee would be Rs 47,000, totaling Rs 2,11,500.

Where is the Sub Registrar Office for Labour School Street IIIrd Cross Street located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.