Guideline Value for Liingamrise Mill Road (street)

Liingamrise Mill Road (street) guideline value

The current guideline value of Liingamrise Mill Road (street) is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Liingamrise Mill Road (street) has changed

The guideline value for Liingamrise Mill Road has seen several revisions over the years. The earliest recorded figure is from 2003, which was Rs 154 per sq.ft. This increased significantly to Rs 600 per sq.ft in 2007, marking a change of +290%. The value then rose to Rs 2,500 per sq.ft in 2012, showing a substantial increase of +317%. However, it dropped to Rs 1,675 per sq.ft in 2017, reflecting a decrease of -33%. The value was revised to Rs 2,500 per sq.ft in 2023, before reaching the current figure of Rs 2,750 per sq.ft in 2024, which is an increase of +10% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by +1686%. It is important to note that there is no recorded figure for the year 2002 for this street in the register.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Liingamrise Mill Road's 2024 figure below that median.

• L.D.N. Chari Street: Rs 3,300 per sq.ft (2024)
• Lathip Colony 3rd Street: Rs 4,400 per sq.ft (2024)
• Lathip Colony 2nd Street: Rs 4,400 per sq.ft (2024)
• Lathip Colony 1st Street: Rs 4,400 per sq.ft (2024)
• Lalbagadursasthri Colony Street: Rs 3,300 per sq.ft (2024)
• Lalbagadursasthri 2nd Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Liingamrise Mill Road (street)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. 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 more information.

Which Sub Registrar Office covers Liingamrise Mill Road (street)?

The Sub Registrar Office that covers Liingamrise Mill Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duties and registration fees.

When buying or selling property, it is essential to be aware of the current guideline value as it impacts the costs associated with the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any issues during registration.

Frequently asked questions

What is the current guideline value of Liingamrise Mill Road?

The current guideline value of Liingamrise Mill Road is Rs 2,750 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 154 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, which is an increase of +1686% overall.

What is the land classification for Liingamrise Mill Road?

Liingamrise Mill Road is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Liingamrise Mill Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in Liingamrise Mill Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,92,500.