Guideline Value for Lighthouse Road
₹1330/sq.ft.
The guideline value for Lighthouse Road in Mamallapuram village (Thirukazhukundram SRO, Chengalpattu zone) is Rs 1330 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 11% change. The land classification is Commercial Class I Type - Iii. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Mamallapuram
Village
Thirukazhukundram
SRO
Commercial Class I Type - III
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹1330 /sq.ft. |
| From 1-4-2023 | ₹1200 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹804 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹1200 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
DRO (District Registrar Office)
No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]
Records for a plot on Lighthouse Road
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Thirukazhukundram sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Lighthouse Road guideline value
The current guideline value of Lighthouse Road in Mamallapuram village is Rs 1,330 per sq.ft, effective from 1 July 2024. This street falls under the Thirukazhukundram SRO and is classified as Commercial Class I Type - III.
How the guideline value of Lighthouse Road has changed
The guideline value for Lighthouse Road has experienced several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. Subsequently, the value increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,330 per sq.ft in 2024, marking an increase of 11% from the previous year.
Between the 2017 and 2023 revisions, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been an 11% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.
Guideline values in Mamallapuram
In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft. The median value among these streets is Rs 935 per sq.ft, placing Lighthouse Road's 2024 figure above this median.
- Madhakoil Street: Rs 825 per sq.ft (2024)
- Mamallapuram E.C.R G.H to Pooncheri End (Pondicheri Road): Rs 825 per sq.ft (2024)
- Mamallapuram Village B.G.Road: Rs 1,210 per sq.ft (2024)
- Kovalam Street T.T.D.C to Pattipulam: Rs 1,210 per sq.ft (2024)
- Kovalam Street Town Panchayat to G.R.T (Kovalam Salai(West part)3800 Mtr Highway): Rs 1,485 per sq.ft (2024)
- Kovalam Street Pallavan Silai to Next T.T.D.C (Chennai way Road): Rs 1,325 per sq.ft (2024)
Stamp duty and registration fee for property in Lighthouse Road
For a 1,000 sq.ft plot at the current guideline value of Rs 1,330 per sq.ft, the total guideline value amounts to Rs 13,30,000. The stamp duty at 7% would be Rs 93,100, and the registration fee at 2% would be Rs 26,600, bringing the total cost for these fees to Rs 1,19,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.
For more information on calculating fees, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers Lighthouse Road?
The Sub Registrar Office that covers Lighthouse Road is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more details.
How the guideline value is used when you buy or sell in Mamallapuram
The guideline value plays a significant role in the property registration process in Mamallapuram. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized assessment of property values.
During the registration process, the guideline value is referenced to establish the minimum value for taxation purposes. This ensures that both buyers and sellers are aware of the financial implications associated with property transactions in the area.
Frequently asked questions
What is the current guideline value of Lighthouse Road?
The current guideline value of Lighthouse Road is Rs 1,330 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,330 per sq.ft in 2024.
What is the land classification of Lighthouse Road?
Lighthouse Road is classified as Commercial Class I Type - III under the Thirukazhukundram SRO.
What are the stamp duty rates for property in Lighthouse Road?
The stamp duty for property transactions in Lighthouse Road is charged at 7% of the guideline value or sale price, whichever is higher.
Where can I find the Sub Registrar Office for Lighthouse Road?
The Sub Registrar Office for Lighthouse Road is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.
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