Guideline Value for Lalbagadursasthri 2nd Cross 3rd Lane

Lalbagadursasthri 2nd Cross 3rd Lane guideline value

The current guideline value of Lalbagadursasthri 2nd 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 2nd Cross 3rd Lane has changed

The guideline value 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, marking a significant rise of 45%. The value then surged to Rs 3,000 per sq.ft in 2012, reflecting a 200% increase. However, in 2017, it dropped to Rs 2,010 per sq.ft, a decrease of 33%. The value was raised again to Rs 3,000 per sq.ft in 2023, and most recently, it has been set at Rs 3,300 per sq.ft in 2024, indicating a 10% increase from the previous year.

It is important to note that the register has no figure for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 378%.

Guideline values in Zaminpallavaram

Zaminpallavaram has a total of 638 streets under the Pallavaram SRO, with 2024 guideline values 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, which aligns with the guideline value of Lalbagadursasthri 2nd Cross 3rd Lane.

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

Stamp duty and registration fee for property in Lalbagadursasthri 2nd 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 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. Please note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lalbagadursasthri 2nd Cross 3rd Lane?

The Lalbagadursasthri 2nd Cross 3rd Lane 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 is a crucial factor in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price.

When a property is sold, the buyer and seller must consider the guideline value for calculating applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction and comply with the legal requirements set by the local authorities.

Frequently asked questions

What is the current guideline value of Lalbagadursasthri 2nd Cross 3rd Lane?

The current guideline value of Lalbagadursasthri 2nd 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 a total increase of 378% over the years.

What is the median guideline value for streets in Zaminpallavaram?

The median guideline value for streets in Zaminpallavaram is Rs 3,300 per sq.ft, which is the same as the guideline value for Lalbagadursasthri 2nd Cross 3rd Lane.

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

For a property valued at Rs 33,00,000, the 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 this street?

The Pallavaram Sub Registrar Office handles registrations for Lalbagadursasthri 2nd Cross 3rd Lane, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.