Guideline Value for LE REVE

Le Reve guideline value

The current guideline value of Le Reve in Panaiyur village is Rs 350 per sq.ft, effective from 1 July 2024. This area falls under the Cheyyur Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Le Reve has changed

The guideline value for Le Reve has remained consistent at Rs 350 per sq.ft from the 2023 revision to the 2024 revision, showing no percentage change. Prior to this, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In the 2024 revision, the value is set at Rs 350 per sq.ft, the same as the previous year, 2023. This consistency indicates stability in the guideline value for this property over the last two years.

Guideline values in Panaiyur

In Panaiyur, three streets under the Cheyyur SRO have a 2024 guideline value ranging from Rs 350 to Rs 400 per sq.ft, with the median being Rs 400 per sq.ft. Le Reve's 2024 figure is below this median.

• Sea Chimes: Rs 400 per sq.ft (2024)
• Akbar Garden: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Le Reve

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, making a total of Rs 31,500. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator to estimate costs based on your specific property details.

Which Sub Registrar Office covers Le Reve?

The Le Reve area is covered by 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 Panaiyur

The guideline value is a crucial factor in property transactions within Panaiyur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for pricing. It is essential for both buyers and sellers to be aware of this value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Le Reve?

The current guideline value of Le Reve is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Le Reve has remained at Rs 350 per sq.ft from 2023 to 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the guideline values of other streets in Panaiyur?

In Panaiyur, other streets have a guideline value of Rs 400 per sq.ft for both Sea Chimes and Akbar Garden in 2024. Le Reve's value is below this median.

How is the stamp duty calculated for properties in Le Reve?

Stamp duty for properties in Le Reve is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 350 per sq.ft incurs a total stamp duty of Rs 24,500.

Where is the Sub Registrar Office for Le Reve located?

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