Guideline Value for Leelavathi Nagar

Leelavathi Nagar guideline value

The current guideline value of Leelavathi Nagar, located in Chikkarayapuram village under the Kunrathur SRO, is Rs 1,980 per sq.ft. The land classification for this area is Mixed Special Type - I.

How the guideline value of Leelavathi Nagar has changed

The guideline value for Leelavathi Nagar has undergone several revisions over the years. In 2003, the guideline value was Rs 43 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2007. This was followed by a substantial rise to Rs 1,400 per sq.ft in 2012, before dropping to Rs 938 per sq.ft in 2017. The value then saw a remarkable increase to Rs 1,800 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 1,980 per sq.ft. There is no figure available for the year 2002 in the register for this street.

Overall, from 2003 to 2024, the guideline value has increased by 4505%. The changes between the revisions include a 10% increase from 2023 to 2024, a 92% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, a staggering 367% increase from 2007 to 2012, and an impressive 598% increase from 2003 to 2007.

Guideline values in Chikkarayapuram

Chikkarayapuram has a total of 61 streets under the Kunrathur SRO, with guideline values for 2024 ranging from Rs 1,430 to Rs 2,800 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, which is equal to the guideline value of Leelavathi Nagar.

• Leelavathi Nagar Avenue: Rs 1,980 per sq.ft (2024)
• Leelavathy Nagar Extn: Rs 1,980 per sq.ft (2024)
• Lakshmi Nagar/Vistharippu/Babu Garden: Rs 1,760 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,430 per sq.ft (2024)
• Mahathma Gandhi Nagar: Rs 1,980 per sq.ft (2024)
• Kunrathur Main Road: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Leelavathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total charges Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Leelavathi Nagar?

The Sub Registrar Office that covers Leelavathi Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Chikkarayapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Leelavathi Nagar?

The current guideline value of Leelavathi Nagar is Rs 1,980 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 43 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 4505% over this period.

What are the other streets with similar guideline values in Chikkarayapuram?

Other streets in Chikkarayapuram with a guideline value of Rs 1,980 per sq.ft include Leelavathi Nagar Avenue and Leelavathy Nagar Extn.

What are the stamp duty and registration fees for properties in Leelavathi Nagar?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value. For a 1,000 sq.ft plot, the total charges amount to Rs 1,78,200.

Which Sub Registrar Office covers the area of Leelavathi Nagar?

The Kunrathur Sub Registrar Office covers Leelavathi Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.