Guideline Value for Lalbhahadur Sastry Street

Lalbhahadur Sastry Street guideline value

The current guideline value of Lalbhahadur Sastry Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village under the AnnaNagar SRO, classified as Residential Class I Type - III.

How the guideline value of Lalbhahadur Sastry Street has changed

The guideline value for Lalbhahadur Sastry Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 3,000 per sq.ft, and the most recent 2024 revision raised it further to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

In total, from 2012 to 2024, the guideline value has increased by 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, placing Lalbhahadur Sastry Street's 2024 figure below that median.

• Lalbhahadur Sastry Colony: Rs 3,300 per sq.ft (2024)
• L bLOCK (WEST)-4TH AVENUE 171 TO 192,KURUNJI COLONY,MULLAI COLONY,NALANDHA FLATS,SINDU FLATS: Rs 15,900 per sq.ft (2024)
• Maghilambu Street Brindavan Nagar: Rs 4,400 per sq.ft (2024)
• Kurungaleeswarar Koil Street (Western side Street) P.H.Road, to Kaliamman Koil Street: Rs 4,400 per sq.ft (2024)
• Kurungaleeshwarar Koil Street: Rs 4,400 per sq.ft (2024)
• Kurinji Street Brindavan Nagar: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Lalbhahadur Sastry 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, while the registration fee at 2% would be Rs 66,000. Together, these fees would total 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lalbhahadur Sastry Street?

The Sub Registrar Office that covers Lalbhahadur Sastry Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is an essential factor when registering property transactions in Koyakbedu. It serves as the base value for calculating stamp duty and registration fees, ensuring that the correct amounts are paid during the registration process.

When buying or selling property, the guideline value helps both parties understand the minimum value for which the property can be registered. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Lalbhahadur Sastry Street?

The current guideline value of Lalbhahadur Sastry 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 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for Lalbhahadur Sastry Street?

Lalbhahadur Sastry Street is classified as Residential Class I Type - III under the AnnaNagar SRO.

What are the stamp duty and registration fees for property in Lalbhahadur Sastry Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,97,000.

Where is the Sub Registrar Office for Lalbhahadur Sastry Street located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office.