Guideline Value for Lal Bagathur Sasthri Street

Lal Bagathur Sasthri Street guideline value

The current guideline value of Lal Bagathur Sasthri Street is Rs 1,200 per sq.ft, as per the 2023 revision. This street is located in Vandalur village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Lal Bagathur Sasthri Street has changed

Over the years, the guideline value of Lal Bagathur Sasthri Street has experienced several revisions. The earliest recorded value was Rs 450 per sq.ft in 2007. This increased significantly to Rs 1,200 per sq.ft in 2012, marking a rise of 167%. However, in 2017, the value dropped to Rs 804 per sq.ft, which was a decrease of 33%. The latest revision in 2023 brought the value back up to Rs 1,200 per sq.ft, reflecting an increase of 49% from 2017.

It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street. Overall, from 2007 to 2023, the guideline value has increased by 167%.

Guideline values in Vandalur

Currently, there are no specific guideline values provided for other streets in Vandalur under the Gooduvancheri SRO. Therefore, Lal Bagathur Sasthri Street stands out with its current guideline value of Rs 1,200 per sq.ft.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. It is important to remember that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Lal Bagathur Sasthri Street?

The Sub Registrar Office that covers Lal Bagathur Sasthri Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

To find more details, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Vandalur. It serves as a benchmark for determining the minimum value at which property transactions can be registered. This ensures that the government receives appropriate revenue from property transactions through stamp duty and registration fees.

When you decide to register a property, the guideline value will be used to calculate the associated fees. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Lal Bagathur Sasthri Street is Rs 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, then decreased to Rs 804 per sq.ft in 2017, and finally returned to Rs 1,200 per sq.ft in 2023.

What is the stamp duty for property in Lal Bagathur Sasthri Street?

The stamp duty for property in Lal Bagathur Sasthri Street is 7% of the guideline value. For a plot valued at Rs 12,00,000, the stamp duty would amount to Rs 84,000.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum price at which property transactions can be registered. It is essential for calculating the stamp duty and registration fees during the property registration process.