Guideline Value for GRAND LAKES

Grand Lakes guideline value

The current guideline value of Grand Lakes in Kanathur Reddykuppam village is Rs 3,700 per sq.ft, as per the 2023 revision. This area falls under the Thiruporur SRO and is classified as Residential Special Type - I.

How the guideline value of Grand Lakes has changed

The guideline value for Grand Lakes has seen several revisions over the years. In 2012, the guideline value was Rs 3,700 per sq.ft. This remained unchanged until the next revision in 2017, where it dropped to Rs 2,479 per sq.ft, marking a decrease of 33%. However, in the 2023 revision, the value increased significantly to Rs 3,700 per sq.ft, which is a 49% increase from 2017.

Overall, from 2012 to 2023, the guideline value has remained the same at Rs 3,700 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Kanathur Reddykuppam

Currently, there are no specific village figures provided for Kanathur Reddykuppam. The Grand Lakes street is part of this village, and there are no other streets in Kanathur Reddykuppam listed under the Thiruporur SRO.

Stamp duty and registration fee for property in Grand Lakes

For a 1,000 sq.ft plot at the current guideline value of Rs 3,700 per sq.ft, the total guideline value would be Rs 37,00,000. The stamp duty at 7% would amount to Rs 2,59,000, and the registration fee at 2% would be Rs 74,000. Together, the total cost for stamp duty and registration fees would be Rs 3,33,000. 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 details.

Which Sub Registrar Office covers Grand Lakes?

The Grand Lakes area is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kanathur Reddykuppam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the authorities will assess the guideline value to calculate the applicable duties. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Grand Lakes?

The current guideline value of Grand Lakes is Rs 3,700 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Grand Lakes was Rs 3,700 per sq.ft in 2012, decreased to Rs 2,479 per sq.ft in 2017, and then increased back to Rs 3,700 per sq.ft in 2023.

What is the stamp duty rate for properties in Grand Lakes?

The stamp duty rate for properties in Grand Lakes is 7% of the guideline value or sale price, whichever is higher.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Are there any other streets in Kanathur Reddykuppam?

Currently, there are no other streets in Kanathur Reddykuppam listed under the Thiruporur SRO.