Guideline Value for Lal Bhagadur Sastri Street (Indra Nagar)

Lal Bhagadur Sastri Street (Indra Nagar) guideline value

The current guideline value of Lal Bhagadur Sastri Street (Indra Nagar) is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Lal Bhagadur Sastri Street (Indra Nagar) has changed

The guideline value for Lal Bhagadur Sastri Street has seen significant changes over the years. In 2003, the guideline value was Rs 179 per sq.ft, which increased to Rs 215 per sq.ft in 2007, marking a 20% increase. By 2017, the value jumped to Rs 1,072 per sq.ft, reflecting a remarkable 399% rise. The next revision in 2023 set the value at Rs 1,600 per sq.ft, a 49% increase from the previous figure. The most recent revision in 2024 established the current guideline value at Rs 1,760 per sq.ft, representing a 10% increase from 2023.

It is important to note that there are no figures available for the revisions in 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 883%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Lal Bhagadur Sastri Street's 2024 figure below that median.

• LIC Colony 1st Street: Rs 2,530 per sq.ft (2024)
• LIC Colony 2nd Street: Rs 2,530 per sq.ft (2024)
• LIC Colony 3rd Street: Rs 2,530 per sq.ft (2024)
• LIC Colony 4th Street: Rs 2,530 per sq.ft (2024)
• LIC Colony 5th Street: Rs 2,530 per sq.ft (2024)
• LIC Colony 6th Street: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Lal Bhagadur Sastri Street (Indra Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total to Rs 1,58,400. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lal Bhagadur Sastri Street (Indra Nagar)?

The Sub Registrar Office that covers Lal Bhagadur Sastri Street (Indra Nagar) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Anakaputhur, the guideline value is used to determine the stamp duty and registration fees payable at the time of registration. This value serves as a benchmark for property transactions and is essential for calculating the applicable fees.

It is crucial for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of property transactions. The guideline value helps ensure transparency and fairness in the registration process.

Frequently asked questions

What is the current guideline value of Lal Bhagadur Sastri Street (Indra Nagar)?

The current guideline value of Lal Bhagadur Sastri Street (Indra Nagar) is Rs 1,760 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 179 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, reflecting an overall increase of 883% over the years.

Which Sub Registrar Office covers this street?

The Pammal Sub Registrar Office covers Lal Bhagadur Sastri Street (Indra Nagar), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

What are the stamp duty and registration fees for property transactions here?

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as a benchmark for determining the costs associated with buying or selling property in Anakaputhur.