Guideline Value for Lard Baba Street

Lard Baba Street guideline value

The current guideline value of Lard Baba Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Special Type - I.

How the guideline value of Lard Baba Street has changed

The guideline value for Lard Baba Street has seen several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012, marking a 267% rise. However, from 2012 to 2017, the value decreased to Rs 1,474 per sq.ft, a decline of 33%. The value then rose to Rs 2,200 per sq.ft in 2023, representing a 49% increase. The most recent revision in 2024 has set the value at Rs 2,400 per sq.ft, a 9% increase from the previous year.

It is important to note that there are no figures available for Lard Baba Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Lard Baba Street's 2024 guideline value of Rs 2,400 per sq.ft is above this median.

• Lal bhagadur sasthri Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Levenabeer Street (S.V.Nagar): Rs 1,900 per sq.ft (2024)
• Madurai veeran Street: Rs 1,800 per sq.ft (2024)
• Lakshmiamman Street (Pudur): Rs 1,900 per sq.ft (2024)
• Lakshmi amman Nagar: Rs 1,800 per sq.ft (2024)
• Lakshmanasamy Street (V.L.Puram): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Lard Baba Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, making the total charges Rs 2,16,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lard Baba Street?

The Sub Registrar Office covering Lard Baba Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai. You can find your SRO for more information.

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

When buying or selling property in Oragadam, the guideline value is a crucial factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark for the minimum value at which properties can be registered, ensuring that the state collects appropriate taxes on real estate transactions.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. The guideline value can affect the overall cost of purchasing property, including additional fees that may arise based on the property's valuation.

Frequently asked questions

What is the current guideline value of Lard Baba Street?

The current guideline value of Lard Baba Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 600 per sq.ft to Rs 2,400 per sq.ft in 2024, marking a total increase of 300% over this period.

What is the land classification of Lard Baba Street?

Lard Baba Street is classified as Residential Special Type - I, indicating its use for residential purposes.

Where can I find the Sub Registrar Office for Lard Baba Street?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai.

How is the stamp duty calculated for properties in Lard Baba Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 24,00,000, the stamp duty would amount to Rs 1,68,000.