Guideline Value for Lazzaras church street

Lazzaras church street guideline value

The current guideline value of Lazzaras church street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Chindadripet village under the Periamet SRO, classified as Residential Class III Type - I.

How the guideline value of Lazzaras church street has changed

The guideline value for Lazzaras church street has undergone several revisions over the years. The 2007 revision set the value at Rs 960 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, it then decreased to Rs 2,010 per sq.ft in 2017. Following this, the value rose to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024, marking a 10% increase from the previous year.

In terms of percentage changes, the value increased by 213% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then saw a 49% increase from 2017 to 2023. The overall change from 2007 to 2024 reflects a substantial increase of 244%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Chindadripet

In Chindadripet, there are 98 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,500 to Rs 18,100 per sq.ft, with the median value being Rs 3,300 per sq.ft. Lazzaras church street's 2024 guideline value aligns exactly with this median.

• Lafond street: Rs 3,300 per sq.ft (2024)
• Lafond Lane: Rs 3,300 per sq.ft (2024)
• K.V.M.Colony / Street: Rs 3,300 per sq.ft (2024)
• Kutty Naicken street: Rs 3,300 per sq.ft (2024)
• Mangapathy Naicken street: Rs 6,000 per sq.ft (2024)
• Krishnappa lane: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Lazzaras church street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost for these fees Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Lazzaras church street?

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

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

The guideline value plays a crucial role in the registration process of property transactions in Chindadripet. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is used to determine the minimum value at which the property can be registered. This helps to maintain transparency and fairness in property transactions, ensuring that all parties are aware of the official value assigned to the property.

Frequently asked questions

What is the current guideline value of Lazzaras church street?

The current guideline value of Lazzaras church street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 960 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, which is an overall increase of 244%.

What is the stamp duty rate for properties in Lazzaras church street?

The stamp duty rate for properties in Lazzaras church street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Lazzaras church street?

The Sub Registrar Office for Lazzaras church street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification of Lazzaras church street?

Lazzaras church street is classified as Residential Class III Type - I under the Periamet SRO.