Guideline Value for Lalbagadursasthri 1st Cross 2nd Lane

Lalbagadursasthri 1st Cross 2nd Lane guideline value

The current guideline value of Lalbagadursasthri 1st Cross 2nd Lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Lalbagadursasthri 1st Cross 2nd Lane has changed

The guideline value for Lalbagadursasthri 1st Cross 2nd Lane has seen several revisions over the years. Starting with the 2003 revision, the value was Rs 690 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007, marking a significant rise of 45%. The value then surged to Rs 3,000 per sq.ft in 2012, reflecting a 200% increase from the previous revision. However, it decreased to Rs 2,010 per sq.ft in 2017, showing a decline of 33%.

From 2017 to 2023, the guideline value rose to Rs 3,000 per sq.ft, which is a substantial increase of 49%. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year. It is important to note that the register has no figure for this street in 2002.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO, with the 2024 guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for the area is Rs 3,300 per sq.ft, which is the same as the current value for Lalbagadursasthri 1st Cross 2nd Lane.

• Lalbagadursasthri 1st Cross 1st Lane: Rs 3,300 per sq.ft (2024)
• Lalbagadursasthri 1st Cross 3rd Lane: Rs 3,300 per sq.ft (2024)
• Lalbagadursasthri 1st Cross 4th Lane: Rs 3,300 per sq.ft (2024)
• Lalbagadursasthri 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Lalbagadursasthri 2nd Cross 1st Lane: Rs 3,300 per sq.ft (2024)
• Lalbagadursasthri 2nd Cross 2nd Lane: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Lalbagadursasthri 1st Cross 2nd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lalbagadursasthri 1st Cross 2nd Lane?

The Lalbagadursasthri 1st Cross 2nd Lane is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When a property transaction occurs, the guideline value ensures that the government receives the appropriate revenue from the sale. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Lalbagadursasthri 1st Cross 2nd Lane?

The current guideline value of Lalbagadursasthri 1st Cross 2nd Lane is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 690 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 378% over the years.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Lalbagadursasthri 1st Cross 2nd Lane?

The Pallavaram Sub Registrar Office handles registrations for Lalbagadursasthri 1st Cross 2nd Lane, located at 7th Main Road, New Colony, Chromepet, Chennai.

What is the land classification for Lalbagadursasthri 1st Cross 2nd Lane?

Lalbagadursasthri 1st Cross 2nd Lane is classified as Residential Class I Type - II.