Guideline Value for Lucky Land

Lucky Land guideline value

The current guideline value of Lucky Land in Santhavellur_C village is Rs 300 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the Sunguvarchattram SRO and is classified as Residential Class I Type - I.

How the guideline value of Lucky Land has changed

Since the 2017 revision, the guideline value for Lucky Land has increased from Rs 201 per sq.ft to Rs 300 per sq.ft in the 2024 revision, marking an overall increase of 49%. The 2023 revision also maintained the guideline value at Rs 300 per sq.ft, showing no change from the previous year.

It is important to note that there are no registered figures for the years 2002, 2003, 2007, and 2012 for this street. The revisions indicate a significant increase of 49% from 2017 to 2023, followed by no change in 2024.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, placing Lucky Land's 2024 figure below this median.

• Mahalakshmi Nagar: Rs 400 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)
• Maruthi Avenue: 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 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty is charged at 7% amounting to Rs 21,000, while the registration fee is 2% totaling Rs 6,000. Thus, the combined cost for stamp duty and registration fee would be 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 also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Lucky Land?

The Sub Registrar Office covering Lucky Land is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, 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 Santhavellur_C

The guideline value plays a crucial role during property registration in Santhavellur_C. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This helps both buyers and sellers understand the financial implications of their transactions based on the established guideline value.

Frequently asked questions

What is the current guideline value of Lucky Land?

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

How has the guideline value changed over the years?

The guideline value for Lucky Land has seen an increase of 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2024. There was no change in the value from 2023 to 2024.

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

For a 1,000 sq.ft plot valued at Rs 300 per sq.ft, the total guideline value is Rs 3,00,000. The stamp duty at 7% is Rs 21,000, and the registration fee at 2% is Rs 6,000, totaling Rs 27,000 for both fees.

Which Sub Registrar Office covers Lucky Land?

The Sunguvarchattram Sub Registrar Office covers Lucky Land, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

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 within the area.