Guideline Value for Lasar 3rd Street

Lasar 3rd Street guideline value

The current guideline value of Lasar 3rd Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village under the Alandur SRO, classified as Residential Class II Type - II.

How the guideline value of Lasar 3rd Street has changed

The guideline value for Lasar 3rd Street has undergone several revisions over the years. In 2002, the value was Rs 236 per sq.ft, which increased to Rs 269 per sq.ft in 2003. Following this, there was a significant rise to Rs 650 per sq.ft in 2007, marking an increase of 142%. The value then jumped to Rs 2,500 per sq.ft in 2012, a rise of 285%. However, there was a decrease to Rs 1,675 per sq.ft in 2017, reflecting a decline of 33%. The value then increased to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,800 per sq.ft as of 2024, representing a 12% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,086%. The register has no figure for the years between 2017 and 2023 for this street.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, placing Lasar 3rd Street's 2024 figure below that median.

• Lasar 2nd Street: Rs 2,800 per sq.ft (2024)
• Lasar 4th Street: Rs 2,800 per sq.ft (2024)
• Lasar Ist Street: Rs 2,800 per sq.ft (2024)
• Lasar Nagar 1st Street: Rs 2,800 per sq.ft (2024)
• Lasar Nagar 2nd Street: Rs 2,800 per sq.ft (2024)
• Lakshmi Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Lasar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, leading to a total cost of Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Lasar 3rd Street?

The Sub Registrar Office that covers Lasar 3rd Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO online.

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

The guideline value is a critical factor when registering property transactions in Adambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, it is essential to be aware of the current guideline value, as this will influence the overall cost of the transaction. The guideline value helps ensure that property transactions are conducted transparently and fairly.

Frequently asked questions

What is the current guideline value of Lasar 3rd Street?

The current guideline value of Lasar 3rd Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 236 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 1,086% over the years.

What are the stamp duty and registration fees for property in Lasar 3rd Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 2,52,000, including both fees.

Which office handles property registrations for Lasar 3rd Street?

The Alandur Sub Registrar Office handles property registrations for Lasar 3rd Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification for Lasar 3rd Street?

Lasar 3rd Street is classified as Residential Class II Type - II, indicating its suitability for residential development.