Guideline Value for Lalbagadursasthri 1st Cross Street

Lalbagadursasthri 1st Cross Street guideline value

The current guideline value of Lalbagadursasthri 1st Cross Street 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 Street has changed

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

From 2017 to 2023, the guideline value increased to Rs 3,000 per sq.ft, showing a notable rise of 49%. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, which is a 10% increase from the previous year. The register has no figure for this street in 2002.

Guideline values in Zaminpallavaram

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

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

Stamp duty and registration fee for property in Lalbagadursasthri 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 Lalbagadursasthri 1st Cross Street?

The Lalbagadursasthri 1st Cross Street falls under 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 plays a crucial role in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Lalbagadursasthri 1st Cross Street?

The current guideline value of Lalbagadursasthri 1st Cross Street 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 is the land classification for Lalbagadursasthri 1st Cross Street?

Lalbagadursasthri 1st Cross Street is classified as Residential Class I Type - II.

Where can I find the registration office for this area?

The registration office covering Lalbagadursasthri 1st Cross Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in this area?

Stamp duty for properties in Lalbagadursasthri 1st Cross Street is calculated at 7% of the guideline value or the sale price, whichever is higher.