Guideline Value for Lolpagathur sarashvathiri street

Lolpagathur sarashvathiri street guideline value

The current guideline value of Lolpagathur sarashvathiri street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - III.

How the guideline value of Lolpagathur sarashvathiri street has changed

The guideline value for Lolpagathur sarashvathiri street has undergone several revisions over the years. In 2012, the value was Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value rose significantly by 49% to Rs 1,500 per sq.ft. The most recent revision in 2024 increased the value by 10% to Rs 1,650 per sq.ft.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Chitlapakkam

Chitlapakkam has a total of 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is equal to the 2024 figure for Lolpagathur sarashvathiri street.

• Lord venkateshvara nagar: Rs 1,650 per sq.ft (2024)
• Lottus Avenue: Rs 1,650 per sq.ft (2024)
• L.I.C. Colony: Rs 1,650 per sq.ft (2024)
• Lenin Street: Rs 3,300 per sq.ft (2024)
• Lenin Cross Street: Rs 1,650 per sq.ft (2024)
• Madhavan St: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Lolpagathur sarashvathiri street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees to Rs 1,48,500. 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 Lolpagathur sarashvathiri street?

The Sub Registrar Office that covers Lolpagathur sarashvathiri street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Chitlapakkam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is often referenced to ensure that the transaction is registered at a fair value. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Lolpagathur sarashvathiri street?

The current guideline value of Lolpagathur sarashvathiri street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Lolpagathur sarashvathiri street?

Lolpagathur sarashvathiri street is classified as Residential Class I Type - III.

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

The Sub Registrar Office for Lolpagathur sarashvathiri street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at the rate of 7%.