Guideline Value for Labour School Street

Labour School Street guideline value

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

How the guideline value of Labour School Street has changed

The guideline value for Labour School Street has seen significant changes over the years. In the 2003 revision, the value was Rs 216 per sq.ft, which increased to Rs 300 per sq.ft in 2007. The 2017 revision marked a substantial rise to Rs 1,407 per sq.ft, followed by another increase to Rs 2,099 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 2,350 per sq.ft, reflecting a 12% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 988%. Notably, there are no figures available for the years 2002 and 2012 in the register for this street.

Guideline values in Anakaputhur

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

• Labour School Street IIIrd Cross 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

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, making the total cost for these fees Rs 2,11,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Labour School Street?

The Sub Registrar Office that covers Labour School Street 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 information.

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

The guideline value is a crucial factor in property transactions in Anakaputhur. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it impacts the overall costs involved in the registration process. Buyers should ensure that they are informed of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Labour School Street?

The current guideline value of Labour School 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 changed significantly, from Rs 216 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, marking an overall increase of 988%.

What is the median guideline value in Anakaputhur?

The median guideline value in Anakaputhur is Rs 1,980 per sq.ft, with Labour School Street's current value being above this median.

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

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 located?

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