Guideline Value for Loordharan Church Street

Loordharan Church Street guideline value

The current guideline value of Loordharan Church Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Loordharan Church Street has changed

The guideline value for Loordharan Church Street has undergone several revisions over the years. The earliest recorded figure is from the 2007 revision, which was Rs 600 per sq.ft. This increased to Rs 1,200 per sq.ft in the 2012 revision, marking a 100% increase. However, the value decreased to Rs 804 per sq.ft in the 2017 revision, a drop of 33%. The 2023 revision saw a significant rise to Rs 1,200 per sq.ft, followed by a further increase to the current value of Rs 1,320 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 120%. Notably, there are no figures available for Loordharan Church Street in the 2002 and 2003 revisions.

Guideline values in Kadaperi

In Kadaperi village, there are 142 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 7,700 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, indicating that Loordharan Church Street's 2024 figure is below this median.

• L.I.G.H. Street: Rs 1,100 per sq.ft (2024)
• Labour School 3rd Street: Rs 880 per sq.ft (2024)
• Labour School 2nd Street: Rs 880 per sq.ft (2024)
• Labour School 1st Street: Rs 880 per sq.ft (2024)
• Kumaran Street: Rs 1,320 per sq.ft (2024)
• Mepz: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Loordharan Church Street

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 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 information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Loordharan Church Street?

The Sub Registrar Office that covers Loordharan Church 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kadaperi. It serves as a benchmark for determining the stamp duty and registration fees that must be paid, ensuring that transactions are recorded accurately and transparently.

When a property is sold, the guideline value or the sale price, whichever is higher, is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Loordharan Church Street?

The current guideline value of Loordharan Church Street 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 significantly, starting from Rs 600 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 120% over the years.

What is the land classification for Loordharan Church Street?

The land classification for Loordharan Church Street is Residential Class I Type - III, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Loordharan Church Street?

The Sub Registrar Office for Loordharan Church 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 Kadaperi?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 13,20,000 would incur a stamp duty of Rs 92,400 at 7%.