Guideline Value for BSR LAKE VIEW

Bsr Lake View guideline value

The current guideline value of Bsr Lake View is Rs 3,500 per sq.ft. This property is located in Mambakkam village, under the jurisdiction of the Gooduvancheri SRO. The land classification for this area is Mixed Special Type - I.

How the guideline value of Bsr Lake View has changed

According to the guideline value register, the revisions for Bsr Lake View began in 2002, but there is no figure available for that year. The subsequent revisions in 2003, 2007, 2012, and 2017 also do not have any figures recorded for this street. The most recent revision in 2023 shows the guideline value at Rs 3,500 per sq.ft.

In summary, the only available figure for Bsr Lake View is from the 2023 revision, which stands at Rs 3,500 per sq.ft. There have been no changes in the guideline value between the revisions listed above.

Guideline values in Mambakkam

No specific village figures are provided for Mambakkam. Bsr Lake View is situated within this village, and there are no other streets in Mambakkam under the Gooduvancheri SRO with available figures.

Stamp duty and registration fee for property in Bsr Lake View

For a 1,000 sq.ft plot at the current rate of Rs 3,500 per sq.ft, the guideline value amounts to Rs 35,00,000. The stamp duty at 7% would be Rs 2,45,000, and the registration fee at 2% would be Rs 70,000, resulting in a total of Rs 3,15,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bsr Lake View?

The Sub Registrar Office that covers Bsr Lake View is 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 Mambakkam

The guideline value serves as a benchmark for property transactions in Mambakkam, determining the minimum value at which a property can be registered. When buying or selling a property, the guideline value is crucial for calculating stamp duty and registration fees, which are mandatory during the registration process.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of the transaction. The registration office uses this value to ensure that the property is accurately assessed for taxation purposes, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Bsr Lake View?

The current guideline value of Bsr Lake View is Rs 3,500 per sq.ft, as per the 2023 revision.

What is the land classification for Bsr Lake View?

The land classification for Bsr Lake View is Mixed Special Type - I, which indicates the type of development allowed in the area.

Have there been any changes in the guideline value over the years?

There have been no changes in the guideline value for Bsr Lake View between the revisions from 2002 to 2023. The only available figure is from the 2023 revision.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Bsr Lake View?

Stamp duty for properties in Bsr Lake View is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 2,45,000.