Guideline Value for Lalbagadursasthri 2nd Cross 4th Lane

Lalbagadursasthri 2nd Cross 4th Lane guideline value

The current guideline value of Lalbagadursasthri 2nd Cross 4th Lane is Rs 3,300 per sq.ft, effective from 1 July 2024. This property 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 4th Lane has changed

The guideline value has undergone 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 45% rise. The value then surged to Rs 3,000 per sq.ft in 2012, reflecting a significant increase of 200%. However, it dropped to Rs 2,010 per sq.ft in 2017, a decrease of 33%. The 2023 revision set the value at Rs 3,000 per sq.ft, and the latest 2024 revision has raised it to Rs 3,300 per sq.ft, an increase of 10%.

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

Guideline values in Zaminpallavaram

Zaminpallavaram village 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 guideline value is Rs 3,300 per sq.ft, which is equal to the current value of Lalbagadursasthri 2nd Cross 4th Lane.

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

Stamp duty and registration fee for property in Lalbagadursasthri 2nd Cross 4th 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 2nd Cross 4th Lane?

The Lalbagadursasthri 2nd Cross 4th 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 during property transactions in Zaminpallavaram. It is used to determine the stamp duty and registration fees applicable when registering a property. This ensures that the government receives the appropriate revenue based on the established guideline values.

When buying or selling property, it is essential to be aware of the guideline value as it can significantly impact the overall costs involved in the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Lalbagadursasthri 2nd Cross 4th Lane?

The current guideline value of Lalbagadursasthri 2nd Cross 4th 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% across the years.

What is the land classification for Lalbagadursasthri 2nd Cross 4th Lane?

The land classification for Lalbagadursasthri 2nd Cross 4th Lane is Residential Class I Type - II.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 2,97,000, including both fees.

Which Sub Registrar Office covers this area?

The Pallavaram Sub Registrar Office covers Lalbagadursasthri 2nd Cross 4th Lane, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.