Guideline Value for Teachers Lalith Nagar

Teachers Lalith Nagar guideline value

The current guideline value for Teachers Lalith Nagar is Rs 401 per sq.ft, effective from 1 July 2024. This locality is situated in Pukkathurai village, under the Madurandakam SRO, and is classified as Mixed Type - I land.

How the guideline value of Teachers Lalith Nagar has changed

The guideline value for Teachers Lalith Nagar has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 180 per sq.ft. This increased to Rs 400 per sq.ft in 2012, marking a significant rise of 122%. However, the value then dropped to Rs 268 per sq.ft in 2017, representing a decrease of 33%. By 2023, the value had risen again to Rs 400 per sq.ft, and finally, the current guideline value is Rs 401 per sq.ft from the 2024 revision, showing no change from the previous year.

There are no recorded figures for the years 2002 and 2003 for Teachers Lalith Nagar. Overall, from 2007 to 2024, the guideline value has increased by 123%.

Guideline values in Pukkathurai

Pukkathurai village has a range of guideline values across its eight streets under the Madurandakam SRO, with the 2024 figures varying from Rs 301 to Rs 750 per sq.ft. The median value is Rs 401 per sq.ft, which is equal to the current value for Teachers Lalith Nagar.

• S.V.T.Nagar: Rs 401 per sq.ft (2024)
• Rpg Metro City: Rs 401 per sq.ft (2024)
• Rpg Global City: Rs 301 per sq.ft (2024)
• Kurinji Nagar: Rs 301 per sq.ft (2024)
• Anbu Priyal Nagar: Rs 401 per sq.ft (2024)
• Sameera Meridian Phase-I: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Teachers Lalith Nagar

For a 1,000 sq.ft plot at the current rate of Rs 401 per sq.ft, the guideline value amounts to Rs 4,01,000. The stamp duty at 7% would be Rs 28,070, and the registration fee at 2% would be Rs 8,020, bringing the total to Rs 36,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Teachers Lalith Nagar?

The Sub Registrar Office that covers Teachers Lalith Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pukkathurai. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately in the official register.

When engaging in a property transaction, it is essential to be aware of the current guideline value to avoid any discrepancies during registration. Buyers should ensure that the sale price is in line with or exceeds the guideline value to comply with legal requirements.

Frequently asked questions

What is the current guideline value for Teachers Lalith Nagar?

The current guideline value for Teachers Lalith Nagar is Rs 401 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 180 per sq.ft in 2007 to Rs 401 per sq.ft in 2024, showing an overall increase of 123% over the years.

What are the other streets in Pukkathurai with their guideline values?

Other streets in Pukkathurai include S.V.T.Nagar and Rpg Metro City, both at Rs 401 per sq.ft, while Rpg Global City and Kurinji Nagar are at Rs 301 per sq.ft.

What fees are associated with buying property in Teachers Lalith Nagar?

When purchasing property, buyers must pay stamp duty at 7% and a registration fee at 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Teachers Lalith Nagar located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.