Guideline Value for Lake Park View II

Lake Park View II guideline value

The current guideline value of Lake Park View II is Rs 1,320 per sq.ft, effective from 1 July 2024. This property is located in Perungalathur village under the Padappai Sub Registrar Office (SRO) and is classified as Residential Class IV Type - I.

How the guideline value of Lake Park View II has changed

The guideline value for Lake Park View II has undergone several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 804 per sq.ft. From 2017 to the latest revision in 2024, the guideline value increased by 64% to Rs 1,320 per sq.ft.

There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street. The significant change from 2017 to 2024 reflects the current valuation trends in the area.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value in this village is Rs 2,310 per sq.ft, placing Lake Park View II's 2024 figure below that median.

• Lake Park View I: Rs 1,320 per sq.ft (2024)
• Kurinji Nagar Extension: Rs 2,970 per sq.ft (2024)
• Kurinji Nagar: Rs 2,970 per sq.ft (2024)
• Kurinchi Nagar Saranga Avenue Link Road: Rs 3,960 per sq.ft (2024)
• Kundu Medu: Rs 1,980 per sq.ft (2024)
• Kumarappa Salai: Rs 2,640 per sq.ft (2024)

Stamp duty and registration fee for property in Lake Park View II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lake Park View II?

The Padappai Sub Registrar Office covers Lake Park View II. The office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for additional assistance.

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

When buying or selling property in Perungalathur, the guideline value serves as a benchmark for determining the registration fees and stamp duty. This value is crucial during the registration process to ensure that the correct fees are calculated based on the property's valuation.

It is essential to understand that the guideline value is used to assess the official value of the property, which affects the costs associated with the transaction. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Lake Park View II?

The current guideline value of Lake Park View II is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, reflecting a 64% increase over this period.

Are there any revisions without figures for Lake Park View II?

Yes, the register has no figures for the revisions in 2023, 2012, 2007, 2003, and 2002 for Lake Park View II.

What is the registration office for Lake Park View II?

The registration office for Lake Park View II is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Lake Park View II?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 13,20,000 would incur a stamp duty of Rs 92,400.