Guideline Value for ELITE BEACH HOUSE

Elite Beach House guideline value

The current guideline value of Elite Beach House in Vadapattinam village is Rs 600 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the Cheyyur Sub Registrar Office (SRO) and is classified as Mixed Type - II land.

How the guideline value of Elite Beach House has changed

The guideline value for Elite Beach House has undergone several revisions since 2017. The 2017 revision set the value at Rs 402 per sq.ft, which remained unchanged at Rs 600 per sq.ft in the 2023 revision. The most recent 2024 revision also maintains this value at Rs 600 per sq.ft, indicating a 49% increase from the 2017 figure.

It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the changes from 2017 to 2023 show an increase of 49%, and the overall change from 2017 to 2024 is also 49%.

Guideline values in Vadapattinam

In Vadapattinam, there are four streets under the Cheyyur SRO with a 2024 guideline value ranging from Rs 400 to Rs 600 per sq.ft. The median value for these streets is Rs 502 per sq.ft, placing Elite Beach House's 2024 guideline value above that median.

• Gemm Square: Rs 400 per sq.ft (2024)
• La Mer Vie: Rs 502 per sq.ft (2024)
• Pivi Premiere: Rs 502 per sq.ft (2024)

Stamp duty and registration fee for property in Elite Beach House

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Elite Beach House?

The Elite Beach House is covered by the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Vadapattinam. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps in determining the minimum value at which the property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Elite Beach House?

The current guideline value of Elite Beach House is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Elite Beach House has remained at Rs 600 per sq.ft since 2023, with a significant increase of 49% from Rs 402 per sq.ft in 2017.

What are the other streets in Vadapattinam?

Other streets in Vadapattinam under the Cheyyur SRO include Gemm Square, La Mer Vie, and Pivi Premiere, with guideline values ranging from Rs 400 to Rs 502 per sq.ft.

Where is the Cheyyur Sub Registrar Office located?

The Cheyyur Sub Registrar Office is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Elite Beach House?

Stamp duty for properties in Elite Beach House is calculated at 7% of the guideline value or the sale price, whichever is higher. Registration fees are also applicable at 2% of the guideline value.