Guideline Value for Lafond Lane

Lafond Lane guideline value

The current guideline value of Lafond Lane, located in Chindadripet village under the Periamet SRO, is Rs 3,300 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 Lafond Lane has changed

The guideline value register for Lafond Lane shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only revision available is from 2024, where the guideline value is set at Rs 3,300 per sq.ft.

Since the 2024 revision is the only available figure, there are no changes to report between revisions for this street. The current guideline value aligns with the median value of Rs 3,300 per sq.ft for residential properties in the area.

Guideline values in Chindadripet

In Chindadripet, there are 98 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,500 to Rs 18,100 per sq.ft. Lafond Lane's value of Rs 3,300 per sq.ft is equal to the median value for the area.

• Lafond street: Rs 3,300 per sq.ft (2024)
• K.V.M.Colony / Street: Rs 3,300 per sq.ft (2024)
• Kutty Naicken street: Rs 3,300 per sq.ft (2024)
• Lazzaras church street: Rs 3,300 per sq.ft (2024)
• Krishnappa lane: Rs 3,300 per sq.ft (2024)
• Krishnappa Chetty Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Lafond Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lafond Lane?

The Sub Registrar Office that covers Lafond Lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Chindadripet, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must consider this value to calculate the total costs associated with property transfers.

When a property is sold, the guideline value serves as a reference point for the transaction. It helps ensure that the transaction is registered at a value that reflects the current market conditions as per the government's regulations.

Frequently asked questions

What is the current guideline value of Lafond Lane?

The current guideline value of Lafond Lane is Rs 3,300 per sq.ft, effective from 1 July 2024.

What are the previous guideline value revisions for Lafond Lane?

The guideline value register has no figures for Lafond Lane for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available revision is from 2024.

What is the land classification of Lafond Lane?

Lafond Lane is classified as Residential Class III Type - I, indicating its suitability for residential development.

How is the stamp duty calculated for properties on Lafond Lane?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 3,300 per sq.ft incurs a stamp duty of Rs 2,31,000.

Where is the Sub Registrar Office for Lafond Lane located?

The Sub Registrar Office covering Lafond Lane is located at 1103, Poonamallee High Road, Chennai-600 003. This office handles the registration of property transactions in the area.