Guideline Value for LA MER VIE

La Mer Vie guideline value

The current guideline value of La Mer Vie, located in Vadapattinam village, is Rs 502 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 Special Type - III land.

How the guideline value of La Mer Vie has changed

The guideline value for La Mer Vie has seen several revisions over the years. The oldest available figure is from the 2017 revision, where the value was Rs 335 per sq.ft. This increased to Rs 500 per sq.ft in the 2023 revision, and the current value is Rs 502 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2017 to 2024, it has risen overall by 50%. The change from 2023 to 2024 is minimal, with an increase of just 0%.

Guideline values in Vadapattinam

In Vadapattinam, there are four streets under the Cheyyur SRO that carry 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, which is equal to the guideline value of La Mer Vie.

• Gemm Square: Rs 400 per sq.ft (2024)
• Pivi Premiere: Rs 502 per sq.ft (2024)
• Elite Beach House: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in La Mer Vie

For a 1,000 sq.ft plot at the current guideline value of Rs 502 per sq.ft, the total guideline value would be Rs 5,02,000. The stamp duty, charged at 7%, would amount to Rs 35,140, while the registration fee at 2% would be Rs 10,040. Together, the total charges would be Rs 45,180. It is important to note that the 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 further assistance.

Which Sub Registrar Office covers La Mer Vie?

The Sub Registrar Office that covers La Mer Vie is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Vadapattinam, the guideline value is a crucial factor in the registration process. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property registration. Ensuring that the guideline value is accurately reflected in the transaction can help avoid any legal complications during the registration process.

Frequently asked questions

What is the current guideline value of La Mer Vie?

The current guideline value of La Mer Vie is Rs 502 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 335 per sq.ft in 2017 to Rs 502 per sq.ft in 2024, marking an overall increase of 50% over these years.

What is the land classification for La Mer Vie?

La Mer Vie is classified as Mixed Special Type - III land, which is important for understanding its usage and valuation.

Where can I find the Cheyyur Sub Registrar Office?

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

How is stamp duty calculated for properties in La Mer Vie?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 502 per sq.ft would incur a stamp duty of Rs 35,140.