Guideline Value for LAKESIDE 4

Lakeside 4 guideline value

The current guideline value of Lakeside 4 in Puzhal village, under the Redhills SRO, is Rs 3,000 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Lakeside 4 has changed

The guideline value for Lakeside 4 has remained consistent in the recent revisions. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 3,000 per sq.ft, which is the same as the current 2024 revision.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 3,000 per sq.ft. This consistency indicates stability in the valuation for this particular street.

Guideline values in Puzhal

In Puzhal, there are 270 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 1,102 per sq.ft, placing Lakeside 4's 2024 figure above this median.

• K.V.K. Swamy Street: Rs 1,102 per sq.ft (2024)
• Lakshmiamman Koil 1st Street: Rs 1,650 per sq.ft (2024)
• Lakshmi Amman Koil 2nd Lane: Rs 1,650 per sq.ft (2024)
• Lakshmiamman Koil 2nd Street: Rs 1,650 per sq.ft (2024)
• Lakshmi Amman Koil 3rd Lane: Rs 1,650 per sq.ft (2024)
• Lakshmiamman Koil 3rd Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Lakeside 4

For a 1,000 sq.ft plot at the current guideline value of Rs 3,000 per sq.ft, the total guideline value amounts to Rs 30,00,000. The stamp duty at 7% would be Rs 2,10,000, and the registration fee at 2% would be Rs 60,000, bringing the total to Rs 2,70,000. 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 Lakeside 4?

The Sub Registrar Office that covers Lakeside 4 is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for additional information.

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

The guideline value is a crucial factor in the registration process of property transactions in Puzhal. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property.

When a property is sold, the guideline value is used to ensure that the transaction is recorded at a fair value, preventing undervaluation. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value for Lakeside 4?

The current guideline value for Lakeside 4 is Rs 3,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Lakeside 4 has remained at Rs 3,000 per sq.ft in both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Lakeside 4?

Lakeside 4 is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for property in Lakeside 4?

For a 1,000 sq.ft plot, the total guideline value is Rs 30,00,000, resulting in a stamp duty of Rs 2,10,000 and a registration fee of Rs 60,000, totaling Rs 2,70,000.

Where is the Sub Registrar Office for Lakeside 4 located?

The Sub Registrar Office for Lakeside 4 is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.