Guideline Value for Lala Kutti Street

Lala Kutti Street guideline value

The current guideline value of Lala Kutti Street is Rs 4,000 per sq.ft, effective from 1 July 2024. This street is located in Vepery village under the Periamet Sub Registrar Office (SRO) and is classified as Residential Class III Type - II.

How the guideline value of Lala Kutti Street has changed

According to the guideline value register, there are no figures available for Lala Kutti Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 4,000 per sq.ft.

Since there are no previous figures listed for this street, the 2024 revision is the first recorded guideline value for Lala Kutti Street. Therefore, there have been no changes between revisions as there were no prior values to compare.

Guideline values in Vepery

In Vepery, there are a total of 290 streets under the Periamet SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median guideline value in this area is Rs 4,800 per sq.ft, making Lala Kutti Street's 2024 figure below the median.

• Lala Kutti Lane: Rs 4,000 per sq.ft (2024)
• Lala Singh Street: Rs 4,000 per sq.ft (2024)
• Lala Street: Rs 6,000 per sq.ft (2024)
• Lal Singh Street: Rs 4,000 per sq.ft (2024)
• Maddox Street: Rs 4,900 per sq.ft (2024)
• Kutti Thambiran Street: Rs 6,000 per sq.ft (2024)

Stamp duty and registration fee for property in Lala Kutti Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,000 per sq.ft, the total guideline value amounts to Rs 40,00,000. The stamp duty at 7% would be Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, making the total fees Rs 3,60,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lala Kutti Street?

Lala Kutti Street falls under the Periamet Sub Registrar Office located at 1103, Poonamallee High Road, Chennai-600 003. To find your SRO, you can visit this link.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vepery. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on an official valuation.

When a property is registered, the guideline value helps determine the legal price at which the property is transacted. This ensures transparency in property transactions and helps avoid undervaluation or overvaluation during the registration process.

Frequently asked questions

What is the current guideline value for Lala Kutti Street?

The current guideline value for Lala Kutti Street is Rs 4,000 per sq.ft, effective from 1 July 2024.

What is the land classification for Lala Kutti Street?

Lala Kutti Street is classified as Residential Class III Type - II.

Are there any previous guideline values for Lala Kutti Street?

No, the register has no figures for Lala Kutti Street for the years 2002, 2003, 2007, 2012, 2017, and 2023.

How does the guideline value in Vepery compare to other streets?

The guideline value in Vepery ranges from Rs 2,200 to Rs 22,000 per sq.ft, with a median value of Rs 4,800 per sq.ft. Lala Kutti Street's guideline value is below this median.

Where can I find the Sub Registrar Office for Lala Kutti Street?

The Sub Registrar Office covering Lala Kutti Street is located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO using the provided link.