Guideline Value for Lalbagadursasthri 2nd Cross 2nd Lane

Lalbagadursasthri 2nd Cross 2nd Lane guideline value

The current guideline value of Lalbagadursasthri 2nd Cross 2nd Lane is Rs 3,300 per sq.ft. This street is located in Zaminpallavaram village, under the Pallavaram SRO. The land classification for this area is Residential Class I Type - II.

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

The guideline value has seen several revisions over the years. In 2003, the guideline 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 by 200% to Rs 3,000 per sq.ft in 2012. However, it decreased by 33% to Rs 2,010 per sq.ft in 2017. The value then increased significantly by 49% to Rs 3,000 per sq.ft in 2023, and finally, it rose by 10% to the current value of Rs 3,300 per sq.ft in 2024.

It is important to note that the register has no figure for Lalbagadursasthri 2nd Cross 2nd Lane in 2002. Overall, from 2003 to 2024, the guideline value has increased by 378%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that have 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 equal to the current value of Lalbagadursasthri 2nd Cross 2nd Lane.

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

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

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, while 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 our stamp duty and registration fee calculator for more details.

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

The Lalbagadursasthri 2nd 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. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the transaction reflects a fair valuation.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Lalbagadursasthri 2nd 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 this period.

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

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

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Lalbagadursasthri 2nd Cross 2nd Lane 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 is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at 7%.