Guideline Value for Lalbahadur Shastri Street

Lalbahadur Shastri Street guideline value

The current guideline value of Lalbahadur Shastri Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Lalbahadur Shastri Street has changed

The guideline value register for Lalbahadur Shastri Street shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,700 per sq.ft.

As there have been no changes between the revisions listed, the 2024 figure stands alone as the current guideline value for this street.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with 2024 guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, placing Lalbahadur Shastri Street at this median value.

• Lakshmi Street: Rs 2,700 per sq.ft (2024)
• Lenin Street: Rs 2,700 per sq.ft (2024)
• Lenin Street (Krishnamoorthy Nagar): Rs 2,700 per sq.ft (2024)
• Lingasan Street: Rs 2,700 per sq.ft (2024)
• Lingesan Street (Krishnamoorthy Nagar): Rs 2,700 per sq.ft (2024)
• Lingesan Street (R.V. Nagar): Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Lalbahadur Shastri Street

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lalbahadur Shastri Street?

The Lalbahadur Shastri Street is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Kodungaiyur. It serves as a reference for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When registering a property, the guideline value is used to calculate the necessary fees, ensuring that all transactions comply with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Lalbahadur Shastri Street?

The current guideline value of Lalbahadur Shastri Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How often is the guideline value revised?

The guideline value is revised periodically, with the most recent revision for Lalbahadur Shastri Street occurring in 2024. There are no figures available for the years 2023, 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Lalbahadur Shastri Street?

The land classification for Lalbahadur Shastri Street is Residential Class I Type - I. This classification affects the guideline value and the regulations applicable to the area.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles registrations for properties within its jurisdiction, including Lalbahadur Shastri Street.

How is the stamp duty calculated for properties in Kodungaiyur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft would incur a stamp duty of Rs 1,89,000.