Guideline Value for Leelavathy Nagar

Leelavathy Nagar guideline value

The current guideline value of Leelavathy Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Thandalam village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Leelavathy Nagar has changed

The guideline value for Leelavathy Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,210 per sq.ft, an increase from Rs 1,100 per sq.ft in 2023, marking a 10% rise. Prior to that, in 2017, the guideline value was Rs 737 per sq.ft, which shows a significant increase of 49% to the 2023 figure. The overall change from 2017 to 2024 is a substantial 64% increase.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for Leelavathy Nagar in the register. This means the guideline values for these years are not available.

Guideline values in Thandalam

In Thandalam, there are 56 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median value among these streets is Rs 1,210 per sq.ft, which is the same as the current guideline value for Leelavathy Nagar.

• Kulalar Street: Rs 1,210 per sq.ft (2024)
• Manimedu (ward 1): Rs 1,210 per sq.ft (2024)
• Manimedu (ward 7): Rs 1,210 per sq.ft (2024)
• Manimedu (ward 8): Rs 1,210 per sq.ft (2024)
• Manimedu (ward 9): Rs 1,210 per sq.ft (2024)
• Mariamman Koil Street (ward 1): Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Leelavathy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty is charged at 7%, resulting in Rs 84,700, and the registration fee at 2% amounts to Rs 24,200, making the total cost for these fees Rs 1,08,900. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Leelavathy Nagar?

The Sub Registrar Office that covers Leelavathy Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Thandalam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. Buyers and sellers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to refer to the latest guideline value to ensure that all fees are calculated accurately. This helps in avoiding any discrepancies during the registration process and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Leelavathy Nagar?

The current guideline value of Leelavathy Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 1,210 per sq.ft in 2024, marking a total increase of 64% over the years.

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

The stamp duty is 7% and the registration fee is 2%. For a plot of 1,000 sq.ft, the total fees would amount to Rs 1,08,900 based on the current guideline value.

Which Sub Registrar Office covers Leelavathy Nagar?

The Pammal Sub Registrar Office covers Leelavathy Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Are there other streets in Thandalam with similar guideline values?

Yes, there are several other streets in Thandalam with the same guideline value of Rs 1,210 per sq.ft, including Kulalar Street and various wards of Manimedu.