Guideline Value for Grand City

Grand City guideline value

The current guideline value of Grand City, located in Kadal Mangalam village under the Uthiramerur SRO, is Rs 263 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class III Type - III.

How the guideline value of Grand City has changed

The guideline value for Grand City has remained consistent over recent revisions. The 2023 revision also recorded the guideline value at Rs 263 per sq.ft, indicating no change from the previous year.

Prior to the 2023 revision, the register has no figure for this street from the years 2017, 2012, 2007, 2003, and 2002. Thus, the guideline value has been stable at Rs 263 per sq.ft since the 2023 revision, with no changes recorded between 2023 and 2024.

Guideline values in Kadal Mangalam

The Kadal Mangalam guideline value for Grand City is currently set at Rs 263 per sq.ft. There are no other streets in Kadal Mangalam listed with guideline values.

Stamp duty and registration fee for property in Grand City

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 2,63,000. The stamp duty at 7% would be Rs 18,410, and the registration fee at 2% would be Rs 5,260, totaling Rs 23,670. 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 City?

The Sub Registrar Office that covers Grand City is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Kadal Mangalam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When you buy or sell property, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are levied. This helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Grand City?

The current guideline value of Grand City is Rs 263 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Grand City has remained unchanged at Rs 263 per sq.ft since the 2023 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Grand City?

The land classification for Grand City is Residential Class III Type - III, which categorizes it for residential use.

What are the stamp duty and registration fees for property in Grand City?

For a property valued at Rs 2,63,000, the stamp duty would be Rs 18,410 and the registration fee would be Rs 5,260, totaling Rs 23,670. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Grand City located?

The Uthiramerur Sub Registrar Office, which covers Grand City, is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.