Guideline Value for ZLMJ Lane

ZLMJ Lane guideline value

The current guideline value of ZLMJ Lane in Arungal village is Rs 350 per sq.ft, as per the 2023 revision. This street falls under the Gooduvancheri SRO and is classified as Residential Class II Type - I.

How the guideline value of ZLMJ Lane has changed

In the 2012 revision, the guideline value was Rs 350 per sq.ft. This figure remained unchanged until the next revision in 2017, where it decreased to Rs 234 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the guideline value increased significantly to Rs 350 per sq.ft, representing a 50% increase from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has not changed, remaining at Rs 350 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Arungal

Currently, there are no specific village figures provided for Arungal. ZLMJ Lane is one of the streets under the Gooduvancheri SRO.

Stamp duty and registration fee for property in ZLMJ Lane

For a 1,000 sq.ft plot at the current rate of Rs 350 per sq.ft, the guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, totaling Rs 31,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers ZLMJ Lane?

The ZLMJ Lane is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, 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 Arungal

The guideline value is a critical factor during the registration process of property transactions in Arungal. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property.

When a property is registered, the higher value between the guideline value and the sale price is considered for calculating the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of ZLMJ Lane?

The current guideline value of ZLMJ Lane is Rs 350 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen a decrease from Rs 350 per sq.ft in 2012 to Rs 234 per sq.ft in 2017, followed by an increase back to Rs 350 per sq.ft in 2023.

What are the stamp duty and registration fees for property in ZLMJ Lane?

For a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500 and the registration fee would be Rs 7,000, totaling Rs 31,500.

Which office handles registrations for ZLMJ Lane?

The Gooduvancheri Sub Registrar Office handles registrations for ZLMJ Lane, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there any other streets in Arungal with guideline values?

Currently, there are no other streets in Arungal provided with guideline values under the Gooduvancheri SRO.