Guideline Value for Langs Garden Road

Langs Garden Road guideline value

The current guideline value of Langs Garden Road is Rs 11,000 per sq.ft, effective from 1 July 2024. This road is located in Egmore village, under the Periamet Sub Registrar Office (SRO) and is classified as Residential Class I Type - II.

How the guideline value of Langs Garden Road has changed

The guideline value for Langs Garden Road has seen significant changes over the years. Starting from Rs 912 per sq.ft in 2003, it increased to Rs 4,200 per sq.ft in 2007, marking a substantial rise of 361%. However, the value dropped to Rs 10,000 per sq.ft in 2012, reflecting a decrease of 33%. In 2017, it rose again to Rs 6,700 per sq.ft, followed by a notable jump to Rs 10,000 per sq.ft in 2023, which represented a 49% increase. The most recent revision in 2024 set the guideline value at Rs 11,000 per sq.ft, a 10% increase from the previous year.

It is important to note that there is no figure available for Langs Garden Road in the 2002 revision. Overall, the guideline value has increased by 1106% from 2003 to 2024.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO, with guideline values ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value is Rs 7,100 per sq.ft, placing Langs Garden Road's 2024 figure above this median.

• Landons Salai: Rs 13,400 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 Langs Garden Road

For a 1,000 sq.ft plot at the current rate of Rs 11,000 per sq.ft, the guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, totaling Rs 9,90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Langs Garden Road?

The Sub Registrar Office covering Langs Garden Road is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor when registering property transactions in Egmore. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process.

Frequently asked questions

What is the current guideline value of Langs Garden Road?

The current guideline value of Langs Garden Road is Rs 11,000 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 912 per sq.ft in 2003 to Rs 11,000 per sq.ft in 2024, reflecting an overall increase of 1106%.

What are the stamp duty and registration fees for properties on Langs Garden Road?

For a property valued at Rs 1,10,00,000, the stamp duty would be Rs 7,70,000 and the registration fee would be Rs 2,20,000, totaling Rs 9,90,000.

Which office registers properties in Egmore?

The Periamet Sub Registrar Office is responsible for registering properties in Egmore, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification for Langs Garden Road?

Langs Garden Road is classified as Residential Class I Type - II under the current guideline value regulations.