Guideline Value for Lal bagadur Street

Lal bagadur Street guideline value

The current guideline value of Lal bagadur Street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Lal bagadur Street has changed

The guideline value for Lal bagadur Street has undergone several revisions over the years. In 2012, the value was Rs 3,300 per sq.ft, which decreased to Rs 2,211 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,300 per sq.ft in 2023, and finally rose to Rs 3,600 per sq.ft in 2024, marking a 9% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. However, the value saw a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. Lal bagadur Street's current guideline value is equal to this median.

• L.I.C Colony: Rs 4,000 per sq.ft (2024)
• Loganathan Street: Rs 4,600 per sq.ft (2024)
• Loyer Salai Road (Ramapuram): Rs 3,600 per sq.ft (2024)
• Lakshmanapuram: Rs 2,200 per sq.ft (2024)
• Maga Kavi Bharathi nagar: Rs 2,200 per sq.ft (2024)
• Kupusamy Street: Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Lal bagadur Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 36,00,000. The stamp duty at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, totaling Rs 3,24,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lal bagadur Street?

The Sub Registrar Office that covers Lal bagadur Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Ambattur. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. This value ensures that the transaction is recorded accurately and fairly in the official registry.

When buying or selling property, it is essential to consider the guideline value as it affects the overall cost of the transaction. Buyers should be aware of the current rates to estimate their expenses accurately and ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Lal bagadur Street?

The current guideline value of Lal bagadur Street is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2012 to Rs 2,211 per sq.ft in 2017, then to Rs 3,300 per sq.ft in 2023, and finally to Rs 3,600 per sq.ft in 2024.

What is the land classification for Lal bagadur Street?

Lal bagadur Street is classified as Residential Class I Type - I under the Ambattur SRO.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 3,24,000, which includes Rs 2,52,000 for stamp duty and Rs 72,000 for registration fees.

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

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.