Guideline Value for Lingam Nagar

Lingam Nagar guideline value

The current guideline value of Lingam Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Pozhichalur village, under the Pammal SRO, and is classified as Residential Class I Type - II.

How the guideline value of Lingam Nagar has changed

The guideline value of Lingam Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft. This increased to Rs 804 per sq.ft in 2017, marking a significant rise of 101%. The value then saw a further increase to Rs 1,200 per sq.ft in 2023, which is a 49% change from the previous revision. The current guideline value stands at Rs 1,320 per sq.ft as per the 2024 revision, reflecting a 10% increase from 2023.

There are no figures available for the revisions in 2002, 2003, and 2012 for this street. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value is Rs 1,320 per sq.ft, which is equal to the guideline value for Lingam Nagar.

• Lakshmi Nagar Main Road: Rs 1,320 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,320 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 1,100 per sq.ft (2024)
• Kuturavu Colony: Rs 1,100 per sq.ft (2024)
• Kurunji Street: Rs 1,100 per sq.ft (2024)
• Mailai Guruji Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Lingam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. 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 Lingam Nagar?

The Lingam Nagar area falls under 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 Pozhichalur

The guideline value is a crucial factor in the registration process when buying or selling property in Pozhichalur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

Frequently asked questions

What is the current guideline value of Lingam Nagar?

The current guideline value of Lingam Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 230% over this period.

What are the stamp duty rates for property transactions in Lingam Nagar?

The stamp duty for property transactions in Lingam Nagar is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

What is the median guideline value in Pozhichalur?

The median guideline value in Pozhichalur is Rs 1,320 per sq.ft, which is the same as the guideline value for Lingam Nagar in 2024.