Guideline Value for Lal Bahadur Sasthri Street

Lal Bahadur Sasthri Street guideline value

The current guideline value of Lal Bahadur Sasthri Street is Rs 1,102 per sq.ft, effective from 1 July 2024. This street is located in Puzhal village, under the Redhills SRO, and is classified as Residential Class III Type - I.

How the guideline value of Lal Bahadur Sasthri Street has changed

The guideline value for Lal Bahadur Sasthri Street has undergone several revisions over the years. In 2002, the value was Rs 804 per sq.ft, which then decreased to Rs 81 per sq.ft in 2003. The value saw a significant increase to Rs 200 per sq.ft in 2007, followed by a jump to Rs 700 per sq.ft in 2012. However, it decreased to Rs 469 per sq.ft in 2017. The most recent revisions show an increase to Rs 1,000 per sq.ft in 2023, and then to Rs 1,102 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 37%. Notably, there are no figures available for the years not mentioned in the revisions for this street.

Guideline values in Puzhal

Puzhal village has a total of 270 streets under the Redhills SRO carrying a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The current guideline value of Lal Bahadur Sasthri Street is equal to the median value of Rs 1,102 per sq.ft.

• Madhavaram-Redhills Salai: Rs 1,650 per sq.ft (2024)
• Lakshmiamman Koil Street: Rs 1,650 per sq.ft (2024)
• Lakshmi Amman Koil First Lane: Rs 1,650 per sq.ft (2024)
• Lakshmiamman Koil 3rd Street: Rs 1,650 per sq.ft (2024)
• Lakshmi Amman Koil 3rd Lane: Rs 1,650 per sq.ft (2024)
• Lakshmiamman Koil 2nd Street: Rs 1,650 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,102 per sq.ft, the total guideline value amounts to Rs 11,02,000. The stamp duty at 7% would be Rs 77,140, and the registration fee at 2% would be Rs 22,040, totaling Rs 99,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lal Bahadur Sasthri Street?

The Sub Registrar Office that covers Lal Bahadur Sasthri Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puzhal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

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

The current guideline value of Lal Bahadur Sasthri Street is Rs 1,102 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 804 per sq.ft in 2002 to Rs 1,102 per sq.ft in 2024, reflecting an overall increase of 37% over the years.

What is the land classification of Lal Bahadur Sasthri Street?

Lal Bahadur Sasthri Street is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Lal Bahadur Sasthri Street?

The Sub Registrar Office for Lal Bahadur Sasthri Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for property transactions in Puzhal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 77,140 at 7%.