Guideline Value for Lucky Land

Lucky Land guideline value

The current guideline value of Lucky Land in Santhavellur_B village is Rs 300 per sq.ft, effective from the 2024 revision on 1 July 2024. This property falls under the Residential Class I Type - I land classification and is registered with 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 earliest recorded figure is from the 2017 revision, which was Rs 201 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 300 per sq.ft. The latest revision in 2024 maintains the same value of Rs 300 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 300 per sq.ft. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49% as well.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Lucky Land's 2024 figure below this median.

• Mahalakshmi Nagar: Rs 400 per sq.ft (2024)
• Kurukku Street: Rs 300 per sq.ft (2024)
• Kumaran Nagar: Rs 300 per sq.ft (2024)
• Kullakkarai Street: Rs 300 per sq.ft (2024)
• Mariamman Kovil Street: Rs 250 per sq.ft (2024)
• Krishna Nagar: Rs 600 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, resulting in a total of Rs 27,000. 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 accurate calculations based on your property 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, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the amount of stamp duty and registration fees that need to be paid. When buying or selling property in Santhavellur_B, the guideline value serves as a benchmark for assessing the value of the property for registration purposes.

It is essential to be aware that the guideline value can influence the overall cost of the transaction, as it is used to calculate the applicable fees. Buyers and sellers should ensure they are informed about the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Lucky Land?

The current guideline value of Lucky Land in Santhavellur_B is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2023 to 2024, with a 49% increase from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023.

What is the land classification for Lucky Land?

Lucky Land is classified as Residential Class I Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for Lucky Land?

For a 1,000 sq.ft plot at the guideline value of Rs 300 per sq.ft, the total guideline value is Rs 3,00,000. The stamp duty is Rs 21,000, and the registration fee is Rs 6,000, totaling Rs 27,000.

Which Sub Registrar Office covers the registration for Lucky Land?

The registration for Lucky Land is handled by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu.