Guideline Value for Lal Bagadur Sasthri Street

Lal Bagadur Sasthri Street guideline value

The current guideline value of Lal Bagadur Sasthri Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Lal Bagadur Sasthri Street has changed

The guideline value for Lal Bagadur Sasthri Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 800 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in the 2012 revision, marking a change of +275%. The most recent revision in 2024 has raised the guideline value to Rs 3,300 per sq.ft, reflecting a +10% increase from the 2012 figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2017, and 2023 for Lal Bagadur Sasthri Street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +313%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, placing Lal Bagadur Sasthri Street's 2024 figure below that median.

• Lakshmi Street Block 61: Rs 5,500 per sq.ft (2024)
• Lambard Nagar: Rs 2,200 per sq.ft (2024)
• LIC Colony: Rs 7,000 per sq.ft (2024)
• LIC Oozliyar, Kudiyiruppu: Rs 7,000 per sq.ft (2024)
• Lord Mount Pattern Street: Rs 3,300 per sq.ft (2024)
• Lakshmi Ammal Street Block 80: Rs 4,100 per sq.ft (2024)

Stamp duty and registration fee for property in Lal Bagadur Sasthri Street

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, bringing the total to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lal Bagadur Sasthri Street?

The Sub Registrar Office that covers Lal Bagadur Sasthri Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kodambakkam. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that the correct amounts are paid based on the property's value.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly influences the financial aspects of property transactions. Accurate knowledge of these values helps in understanding the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Lal Bagadur Sasthri Street?

The current guideline value of Lal Bagadur Sasthri Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of +313%.

What is the median guideline value in Kodambakkam?

The median guideline value in Kodambakkam is Rs 4,900 per sq.ft, which is higher than the current guideline value of Lal Bagadur Sasthri Street.

What are the stamp duty and registration fees for property in Lal Bagadur Sasthri Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 2,31,000, and the registration fee is Rs 66,000, totaling Rs 2,97,000.

Which office handles the registration for Lal Bagadur Sasthri Street?

The Ashok Nagar Sub Registrar Office handles the registration for Lal Bagadur Sasthri Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.