Guideline Value for LAKE VIEW

Lake View guideline value

The current guideline value of Lake View in Kendiracherry village is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Madurandakam SRO and is classified as Residential Class II Type - I.

How the guideline value of Lake View has changed

According to the register, the guideline value for Lake View has remained unchanged at Rs 300 per sq.ft from the 2023 revision to the 2024 revision, reflecting a change of +0%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In the 2024 revision, the guideline value is Rs 300 per sq.ft, which is the same as the 2023 revision. The consistent value indicates stability in this area over the past year.

Guideline values in Kendiracherry

Kendiracherry village has 17 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 300 per sq.ft. The median guideline value for these streets is Rs 100 per sq.ft, placing Lake View's 2024 figure above that median.

• Iyshwarya City IV: Rs 100 per sq.ft (2024)
• Iyshwarya City III: Rs 100 per sq.ft (2024)
• Iyshwarya City II: Rs 100 per sq.ft (2024)
• Iyshwarya city: Rs 100 per sq.ft (2024)
• Green Park: Rs 100 per sq.ft (2024)
• Prakash Park: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Lake View

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total cost for stamp duty and registration Rs 27,000. 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 Lake View?

The Lake View area is covered by the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kendiracherry. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for property transfers.

When buying or selling property in this area, the guideline value ensures that both parties have a fair understanding of the costs involved. It is essential to refer to the latest guideline value to ascertain the accurate fees applicable during registration.

Frequently asked questions

What is the current guideline value of Lake View?

The current guideline value of Lake View in Kendiracherry village is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Lake View has remained constant at Rs 300 per sq.ft from 2023 to 2024. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

What are the stamp duty and registration fees for property in Lake View?

For a 1,000 sq.ft plot at the guideline value of Rs 300 per sq.ft, the total guideline value is Rs 3,00,000. The stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which office handles property registrations in Lake View?

The Madurandakam Sub Registrar Office handles property registrations for Lake View. It is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the guideline value determined?

The guideline value is determined by the Registration Department's guideline value register, which is updated periodically. It reflects the standard rates applicable for property transactions in a specific area.