Guideline Value for Langakara Street

Langakara Street guideline value

The current guideline value of Langakara Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Langakara Street has changed

The guideline value for Langakara Street has seen several revisions over the years. In the 2007 revision, the value was Rs 320 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it then decreased to Rs 1,005 per sq.ft in 2017. The 2023 revision set the value at Rs 1,500 per sq.ft, and the most recent 2024 revision raised it to Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 416%. The register does not contain figures for the years 2002 and 2003 for Langakara Street.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Langakara Street's 2024 figure above this median.

• Lal Bhagathur Sastri Street: Rs 1,100 per sq.ft (2024)
• Lakshmipuram Colony: Rs 880 per sq.ft (2024)
• Lakshmipuram: Rs 1,320 per sq.ft (2024)
• Kuttaikkarai Street: Rs 2,200 per sq.ft (2024)
• Kumeravel Nagar: Rs 2,200 per sq.ft (2024)
• Mandabam Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Langakara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. 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 Langakara Street?

The Sub Registrar Office covering Langakara Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruvallur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Langakara Street?

The current guideline value of Langakara Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 320 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, marking a total increase of 416% over this period.

What are the stamp duty rates in Thiruvallur?

The stamp duty in Thiruvallur is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Langakara Street?

The Sub Registrar Office for Langakara Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the median guideline value in Thiruvallur?

The median guideline value for streets in Thiruvallur is Rs 1,100 per sq.ft, with Langakara Street's 2024 figure being above this median.