Guideline Value for Lourdhu Nagar

Lourdhu Nagar guideline value

The current guideline value of Lourdhu Nagar, located in Thirupanthiyoor village, is Rs 350 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification. The relevant Sub Registrar Office for this area is the Sunguvarchattram SRO.

How the guideline value of Lourdhu Nagar has changed

The guideline value for Lourdhu Nagar has seen several revisions over the years. In 2012, the value was set at Rs 350 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 234 per sq.ft, marking a 33% decline. The subsequent revisions saw the value increase to Rs 350 per sq.ft in 2023, maintaining that figure through to the 2024 revision, indicating no change in the guideline value from 2023 to 2024.

From 2017 to 2023, there was a significant increase of 50%, bringing the value back to Rs 350 per sq.ft. Overall, when comparing the values from 2012 to 2024, there has been no net change, with the guideline value remaining at Rs 350 per sq.ft during this period.

Guideline values in Thirupanthiyoor

In Thirupanthiyoor village, there are 53 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 900 per sq.ft. The median value for these streets is Rs 350 per sq.ft, which is equal to the guideline value of Lourdhu Nagar.

• Madha nagar: Rs 450 per sq.ft (2024)
• Lee Royal Farms: Rs 200 per sq.ft (2024)
• MathaKovil Street: Rs 400 per sq.ft (2024)
• Kizhandai Street: Rs 200 per sq.ft (2024)
• Melandai Street: Rs 250 per sq.ft (2024)
• Mettu Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Lourdhu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, bringing the total charges to Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Lourdhu Nagar?

The Sub Registrar Office that covers Lourdhu Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Thirupanthiyoor. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are calculated based on a standardized value set by the government.

When buying or selling property, the guideline value ensures transparency and fairness in the registration process. Buyers and sellers must be aware of the current guideline value to accurately assess the costs associated with the transaction.

Frequently asked questions

What is the current guideline value of Lourdhu Nagar?

The current guideline value of Lourdhu Nagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 350 per sq.ft from 2012 to 2024, with a decrease to Rs 234 per sq.ft in 2017 and an increase back to Rs 350 per sq.ft in 2023.

What is the land classification for Lourdhu Nagar?

Lourdhu Nagar falls under the Residential Class I Type - I land classification, which is significant for determining its usage and development potential.

Where can I find the Sub Registrar Office for Lourdhu Nagar?

The Sub Registrar Office for Lourdhu Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Lourdhu Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500 at a rate of 7%.