Guideline Value for Lalbagadursasthri 1st Cross 3rd Lane

Lalbagadursasthri 1st Cross 3rd Lane guideline value

The current guideline value for Lalbagadursasthri 1st Cross 3rd 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 3rd Lane has changed

The guideline value for this street has seen several revisions over the years. In 2003, the value was Rs 690 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007. Following that, it rose significantly to Rs 3,000 per sq.ft in 2012, but then decreased to Rs 2,010 per sq.ft in 2017. The value then increased to Rs 3,000 per sq.ft in 2023, before reaching the current value of Rs 3,300 per sq.ft in 2024.

Between the revisions, there were notable changes. The increase from 2017 to 2023 was +49%, while the decrease from 2012 to 2017 was -33%. The increase from 2007 to 2012 was +200%, and from 2003 to 2007 it was +45%. Overall, from 2003 to 2024, the guideline value has increased by +378%. 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 a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, making the guideline value for Lalbagadursasthri 1st Cross 3rd Lane equal to this median.

• Lalbagadursasthri 1st Cross 2nd Lane: Rs 3,300 per sq.ft (2024)
• Lalbagadursasthri 1st Cross 4th Lane: Rs 3,300 per sq.ft (2024)
• Lalbagadursasthri 1st Cross 1st 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 3rd 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, totaling Rs 2,97,000. 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 further calculations.

Which Sub Registrar Office covers Lalbagadursasthri 1st Cross 3rd Lane?

The Sub Registrar Office that covers Lalbagadursasthri 1st Cross 3rd Lane is 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 crucial factor during the registration of property transactions in Zaminpallavaram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It is essential to be aware of the current guideline value to ensure compliance with legal requirements and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Lalbagadursasthri 1st Cross 3rd Lane?

The current guideline value for Lalbagadursasthri 1st Cross 3rd 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 this period.

What is the land classification for Lalbagadursasthri 1st Cross 3rd Lane?

Lalbagadursasthri 1st Cross 3rd Lane is classified as Residential Class I Type - II.

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

For a property valued at Rs 33,00,000, the stamp duty is Rs 2,31,000 and the registration fee is Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for this street?

The Pallavaram Sub Registrar Office handles registrations for Lalbagadursasthri 1st Cross 3rd Lane, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.