Guideline Value for LA-RICHESSE ECR

La-Richesse Ecr guideline value

The current guideline value of La-Richesse Ecr is Rs 400 per sq.ft, effective from 1 July 2024. This property is located in Gangadevankuppam village under the Cheyyur SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of La-Richesse Ecr has changed

The guideline value for La-Richesse Ecr has undergone several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 400 per sq.ft, which was also the case in the 2023 revision. Prior to that, the 2017 revision set the value at Rs 268 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%, bringing the value from Rs 268 per sq.ft to Rs 400 per sq.ft. Overall, from 2017 to the current 2024 revision, the guideline value has increased by 49% as well.

Guideline values in Gangadevankuppam

In Gangadevankuppam, the guideline value for La-Richesse Ecr is Rs 400 per sq.ft. Other streets in Gangadevankuppam under the Cheyyur SRO include:

• Palm Meadows: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in La-Richesse Ecr

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers La-Richesse Ecr?

The Cheyyur Sub Registrar Office covers La-Richesse Ecr, 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 Gangadevankuppam

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

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of La-Richesse Ecr?

The current guideline value of La-Richesse Ecr is Rs 400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased by 49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2024. There was no change from 2023 to 2024.

What is the stamp duty for property in La-Richesse Ecr?

The stamp duty for property in La-Richesse Ecr is 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 4,00,000, the stamp duty would be Rs 28,000.

Where is the Cheyyur Sub Registrar Office located?

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

What other streets have guideline values in Gangadevankuppam?

Other streets in Gangadevankuppam include Palm Meadows, which has a guideline value of Rs 500 per sq.ft as of 2024.