Guideline Value for Lendriyan Devidson Street

Lendriyan Devidson Street guideline value

The current guideline value of Lendriyan Devidson Street is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Muthiyalpet village, under the Sowcarpet SRO, and is classified as Residential Special Type - I.

How the guideline value of Lendriyan Devidson Street has changed

The guideline value for Lendriyan Devidson Street has undergone several revisions over the years. In 2007, the guideline value was Rs 2,000 per sq.ft. This increased significantly to Rs 5,500 per sq.ft in 2012, marking a 175% rise. However, it then decreased to Rs 3,685 per sq.ft in 2017, which was a 33% drop. The value rose to Rs 5,500 per sq.ft in 2023, reflecting a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 6,000 per sq.ft, a 9% increase from 2023.

There are no figures available for the revisions in 2002 and 2003 for Lendriyan Devidson Street. Overall, from 2007 to 2024, the guideline value has increased by 200%.

Guideline values in Muthiyalpet

In Muthiyalpet, there are 357 streets under the Sowcarpet SRO that have a 2024 guideline value ranging from Rs 3,800 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Lendriyan Devidson Street's 2024 figure above this median.

• Lawyer Chinna Thambi Mudali Street: Rs 4,400 per sq.ft (2024)
• Mabuskhan Garden Street: Rs 4,900 per sq.ft (2024)
• Madura Vasal Lane: Rs 4,400 per sq.ft (2024)
• Madura Vasal Street: Rs 4,400 per sq.ft (2024)
• Lakkumudas Street: Rs 8,800 per sq.ft (2024)
• Lakkumudas Lane: Rs 8,800 per sq.ft (2024)

Stamp duty and registration fee for property in Lendriyan Devidson Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value would be Rs 60,00,000. The stamp duty, charged at 7%, would amount to Rs 4,20,000, while the registration fee at 2% would be Rs 1,20,000. Together, the total cost for these fees would be Rs 5,40,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Lendriyan Devidson Street?

The Sub Registrar Office that covers Lendriyan Devidson Street is the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor during the registration of property in Muthiyalpet. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value will be used to assess the fees, which are based on the higher of the guideline value or the actual sale price. This ensures that the transaction is recorded accurately in the official records.

Frequently asked questions

What is the current guideline value of Lendriyan Devidson Street?

The current guideline value of Lendriyan Devidson Street is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, reflecting a total increase of 200% over these years.

What are the other streets in Muthiyalpet and their guideline values?

Other streets in Muthiyalpet include Lawyer Chinna Thambi Mudali Street at Rs 4,400 per sq.ft, Mabuskhan Garden Street at Rs 4,900 per sq.ft, and Lakkumudas Street at Rs 8,800 per sq.ft, among others.

What are the stamp duty and registration fees for Lendriyan Devidson Street?

The stamp duty for a property valued at Rs 60,00,000 is Rs 4,20,000, and the registration fee is Rs 1,20,000, totaling Rs 5,40,000.

Which office handles the registration for Lendriyan Devidson Street?

The registration for Lendriyan Devidson Street is handled by the Sowcarpet Sub Registrar Office, located at No.11, Davidson Street, Sowcarpet, Chennai-01.