Guideline Value for Landons Salai

Landons Salai guideline value

The current guideline value of Landons Salai is Rs 13,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO, and it falls under the Mixed Type - I land classification.

How the guideline value of Landons Salai has changed

The guideline value for Landons Salai has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 2,438 per sq.ft. It increased to Rs 3,000 per sq.ft in 2003, showing a change of +23%. The value continued to rise, reaching Rs 4,500 per sq.ft in 2007, which was a significant increase of +50%. In 2012, the value adjusted to Rs 12,300 per sq.ft, marking a substantial rise of +173% from the previous revision.

Following this, the value dropped to Rs 8,241 per sq.ft in 2017, reflecting a decrease of -33%. The most recent revisions show an increase to Rs 12,300 per sq.ft in 2023 and a further rise to Rs 13,400 per sq.ft in 2024, which is a change of +9%. Overall, from 2002 to 2024, the guideline value has increased by +450%.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, placing Landons Salai's 2024 figure above that median.

• Langs Garden Road: Rs 11,000 per sq.ft (2024)
• Lamech Avenue: Rs 13,400 per sq.ft (2024)
• Laksminarayana Perumal Koil Street: Rs 8,300 per sq.ft (2024)
• LakshmiStreet: Rs 11,000 per sq.ft (2024)
• Logaiya Maistry Street: Rs 3,900 per sq.ft (2024)
• LabbaiSTreet: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Landons Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 13,400 per sq.ft, the total guideline value amounts to Rs 1,34,00,000. The stamp duty at 7% would be Rs 9,38,000, while the registration fee at 2% would be Rs 2,68,000, resulting in a total of Rs 12,06,000. 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 Landons Salai?

The Sub Registrar Office that covers Landons Salai is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Egmore. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Landons Salai?

The current guideline value of Landons Salai is Rs 13,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,438 per sq.ft in 2002 to Rs 13,400 per sq.ft in 2024, showing an overall increase of +450% over this period.

What is the median guideline value for streets in Egmore?

The median guideline value for the 465 streets in Egmore under the Periamet SRO is Rs 7,100 per sq.ft, with Landons Salai's value being above this median.

What are the stamp duty and registration fees for Landons Salai?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 9,38,000 and the registration fee is Rs 2,68,000, totaling Rs 12,06,000.

Which office handles the registration for Landons Salai?

The Periamet Sub Registrar Office handles the registration for Landons Salai, located at 1103, Poonamallee High Road, Chennai-600 003.