Guideline Value for GRAND VISTA

Grand Vista guideline value

The current guideline value of Grand Vista, located in Perumalagaram village, is Rs 4,300 per sq.ft. This value is effective from 1 July 2024 and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class V Type - III.

How the guideline value of Grand Vista has changed

The guideline value for Grand Vista has remained consistent over recent revisions. The 2023 revision recorded a guideline value of Rs 4,300 per sq.ft, which is the same as the current 2024 revision. The register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

From 2023 to 2024, there has been a change of +0%, indicating that the guideline value has not fluctuated during this period. The consistent valuation reflects stability in the property assessment for Grand Vista.

Guideline values in Perumalagaram

In Perumalagaram, there are 74 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 825 to Rs 7,920 per sq.ft. The median guideline value for the village is Rs 3,190 per sq.ft, positioning Grand Vista above this median.

• Gangaiamman Nagar /Koil Street: Rs 2,420 per sq.ft (2024)
• Ganga Enclave: Rs 2,420 per sq.ft (2024)
• Janardhanam Street: Rs 3,190 per sq.ft (2024)
• Jayachandran Street: Rs 3,190 per sq.ft (2024)
• Devadoss Street: Rs 3,190 per sq.ft (2024)
• Kavitha Street: Rs 3,190 per sq.ft (2024)

Stamp duty and registration fee for property in Grand Vista

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value amounts to Rs 43,00,000. The stamp duty at 7% would be Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, bringing the total cost together to Rs 3,87,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Grand Vista?

The Sub Registrar Office covering Grand Vista is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Perumalagaram. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring compliance with local regulations.

When a property is registered, the guideline value is assessed to calculate the total costs involved. Buyers and sellers should be aware that the guideline value may influence the financial aspects of their real estate transactions in the area.

Frequently asked questions

What is the current guideline value of Grand Vista?

The current guideline value of Grand Vista is Rs 4,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 4,300 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value in Perumalagaram?

The median guideline value in Perumalagaram is Rs 3,190 per sq.ft. Grand Vista's guideline value is above this median.

What are the registration fees for property in Grand Vista?

The registration fees for property in Grand Vista include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles the registration of properties in Grand Vista?

The registration of properties in Grand Vista is handled by the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.