Guideline Value for Labour School Street Ivth Cross Street

Labour School Street Ivth Cross Street guideline value

The current guideline value of Labour School Street Ivth Cross Street is Rs 2,350 per sq.ft. 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 Ivth Cross Street has changed

In the 2017 revision, the guideline value was Rs 1,407 per sq.ft. This figure increased to Rs 2,099 per sq.ft in the 2023 revision, marking a significant change of 49%. The most recent revision in 2024 set the guideline value at Rs 2,350 per sq.ft, which is an increase of 12% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 67%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value in this village is Rs 1,980 per sq.ft, making the current value for Labour School Street Ivth Cross Street above that median.

• Labour School Street Ist Cross: Rs 2,350 per sq.ft (2024)
• Labour School Street II nd Cross: Rs 2,350 per sq.ft (2024)
• Labour School Street IIIrd Cross Street: Rs 2,350 per sq.ft (2024)
• Labour School 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 Ivth 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, charged 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 the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The Labour School Street Ivth 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 additional information.

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

The guideline value is a crucial factor during property registration in Anakaputhur. It serves as a benchmark for determining the minimum price at which properties can be sold and purchased, ensuring transparency in real estate transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential for the legal transfer of property ownership. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for Labour School Street Ivth Cross Street?

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

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,407 per sq.ft to Rs 2,350 per sq.ft in 2024, representing an overall increase of 67%.

What is the registration office for Labour School Street Ivth Cross Street?

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

How is stamp duty calculated for properties in Anakaputhur?

Stamp duty for properties in Anakaputhur is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.

Are there other streets with the same guideline value in Anakaputhur?

Yes, other streets in Anakaputhur, such as Labour School Street Ist Cross, II nd Cross, and IIIrd Cross Street, also have the same guideline value of Rs 2,350 per sq.ft for 2024.