Guideline Value for Z.L.M.J. Lane

Z.L.M.J. Lane guideline value

The current guideline value for Z.L.M.J. Lane in Karanaipuducheri village, under the Gooduvancheri SRO, is Rs 701 per sq.ft, effective from 1 July 2024. This street is classified as Residential Special Type - II.

How the guideline value of Z.L.M.J. Lane has changed

The guideline value for Z.L.M.J. Lane has undergone several revisions over the years. The earliest available figure is from 2007, which was Rs 500 per sq.ft. This increased to Rs 700 per sq.ft in 2012, before dropping to Rs 469 per sq.ft in 2017. The value then rose significantly to Rs 700 per sq.ft in 2023, and finally, it reached Rs 701 per sq.ft in 2024. Notably, the register has no figures for this street for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The transition from 2012 to 2017 saw a decrease of 33%, while the increase from 2007 to 2012 was 40%. Overall, from 2007 to 2024, the guideline value has increased by 40%.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft. The median value is Rs 802 per sq.ft, placing Z.L.M.J. Lane's 2024 figure below this median.

• Vinayagapuram 1st Street: Rs 1,000 per sq.ft (2024)
• Vijayalakshmi Nagar: Rs 1,642 per sq.ft (2024)
• Vijaya Lakshmi Avenue: Rs 1,200 per sq.ft (2024)
• Uco Nagar: Rs 1,000 per sq.ft (2024)
• Tremain Project: Rs 804 per sq.ft (2024)
• Teacher's DJM City: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Z.L.M.J. Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 701 per sq.ft, the total guideline value amounts to Rs 7,01,000. The stamp duty at 7% would be Rs 49,070, and the registration fee at 2% would be Rs 14,020, bringing the total fees to Rs 63,090. 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 details.

Which Sub Registrar Office covers Z.L.M.J. Lane?

The Z.L.M.J. Lane is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Karanaipuducheri. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of a property.

Frequently asked questions

What is the current guideline value for Z.L.M.J. Lane?

The current guideline value for Z.L.M.J. Lane is Rs 701 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 701 per sq.ft in 2024, reflecting an overall increase of 40% over this period.

What is the land classification for Z.L.M.J. Lane?

Z.L.M.J. Lane is classified as Residential Special Type - II, which indicates its use for residential purposes.

Where can I find the registration office for Z.L.M.J. Lane?

The registration office covering Z.L.M.J. Lane is the Gooduvancheri Sub Registrar Office, located on Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,01,000, the stamp duty would be Rs 49,070 at a rate of 7%.