Guideline Value for Lucky Land

Lucky Land guideline value

The current guideline value of Lucky Land in Molachoor village is Rs 605 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class III Type - I classification and is registered at the Sunguvarchattram SRO.

How the guideline value of Lucky Land has changed

The guideline value for Lucky Land has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 605 per sq.ft, an increase from Rs 600 per sq.ft in 2023. Prior to that, the value was Rs 402 per sq.ft in 2017 and Rs 400 per sq.ft in 2012. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value increased by 1%. The jump from 2017 to 2023 was significant, with a 49% increase. Overall, from 2012 to 2024, the guideline value has risen by 51%.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 300 to Rs 2,000 per sq.ft. The median value is Rs 600 per sq.ft, placing Lucky Land's 2024 figure above this median.

• Loordu Nagar: Rs 605 per sq.ft (2024)
• Kuzhanthai Easu Nagar: Rs 600 per sq.ft (2024)
• Kuzhanthai Easu Kovil Street: Rs 300 per sq.ft (2024)
• Mariamman Kovil Street: Rs 300 per sq.ft (2024)
• Mariya Puram: Rs 600 per sq.ft (2024)
• Matthamman Kovil Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Lucky Land

For a 1,000 sq.ft plot at the current guideline value of Rs 605 per sq.ft, the total guideline value amounts to Rs 6,05,000. The stamp duty at 7% would be Rs 42,350, and the registration fee at 2% would be Rs 12,100, totaling Rs 54,450. 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 details.

Which Sub Registrar Office covers Lucky Land?

The Lucky Land property is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Molachoor. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing a property.

When selling a property, the guideline value helps in establishing a fair price for both the buyer and seller. It ensures that the registration process is transparent and that the appropriate fees are collected based on the established values.

Frequently asked questions

What is the current guideline value of Lucky Land?

The current guideline value of Lucky Land is Rs 605 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 605 per sq.ft in 2024, reflecting an overall increase of 51% over this period.

What is the median guideline value in Molachoor?

The median guideline value in Molachoor is Rs 600 per sq.ft, with Lucky Land's value being above this median at Rs 605 per sq.ft.

Where is the Sunguvarchattram Sub Registrar Office located?

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

How is stamp duty calculated for properties in Lucky Land?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a plot of 1,000 sq.ft at the current rate, the total guideline value is Rs 6,05,000, leading to a stamp duty of Rs 42,350.