Guideline Value for GROVE-IV

Grove-IV guideline value

The current guideline value of Grove-IV in Kovalam village is Rs 2,986 per sq.ft, as per the 2023 revision. This area falls under the Thiruporur Sub Registrar Office (SRO) and is classified as Mixed Type - III land.

How the guideline value of Grove-IV has changed

The guideline value for Grove-IV has seen significant changes over the years. In the 2017 revision, the guideline value was set at Rs 2,000 per sq.ft. With the latest revision in 2023, this figure increased to Rs 2,986 per sq.ft, marking a 49% rise from the previous revision.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street. Thus, the only recorded revisions are from 2017 and 2023.

Guideline values in Kovalam

Currently, there are no specific village figures provided for Kovalam. However, Grove-IV is a key area within the village. There are no other streets in Kovalam listed under the Thiruporur SRO.

Stamp duty and registration fee for property in Grove-IV

For a 1,000 sq.ft plot at the current guideline value of Rs 2,986 per sq.ft, the total guideline value amounts to Rs 29,86,000. The stamp duty at 7% would be Rs 2,09,020, and the registration fee at 2% would be Rs 59,720, bringing the total to Rs 2,68,740. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Grove-IV?

The Grove-IV 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 details.

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

The guideline value is a crucial aspect when buying or selling property in Kovalam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are essential for the legal transfer of property ownership.

When a buyer or seller approaches the Thiruporur SRO for registration, the guideline value helps ensure that the transaction is recorded accurately and complies with local regulations. It serves as a reference point for the authorities to assess the legitimacy of the sale price.

Frequently asked questions

What is the current guideline value of Grove-IV?

The current guideline value of Grove-IV is Rs 2,986 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value increased from Rs 2,000 per sq.ft in 2017 to Rs 2,986 per sq.ft in 2023, representing a 49% increase.

Are there any guideline values for previous revisions?

There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for Grove-IV. The only recorded revisions are from 2017 and 2023.

What are the stamp duty and registration fees for Grove-IV?

For a 1,000 sq.ft plot, the total guideline value is Rs 29,86,000. The stamp duty at 7% is Rs 2,09,020, and the registration fee at 2% is Rs 59,720, totaling Rs 2,68,740.

Which office handles the registration for Grove-IV?

The Thiruporur Sub Registrar Office handles the registration for Grove-IV, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.