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Guideline Value

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Guideline Value for Lake View Club Phase III & IV

₹330/sq.ft.

The guideline value for Lake View Club Phase Iii & Iv in Pammathukulam village (Redhills SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pammathukulam

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹20 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹189 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Lake View Club Phase Iii & Iv

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Lake View Club Phase III & IV guideline value

The current guideline value for Lake View Club Phase III & IV is Rs 330 per sq.ft. This property is located in Pammathukulam village, under the Redhills SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Lake View Club Phase III & IV has changed

The guideline value for Lake View Club Phase III & IV has seen several revisions over the years. In 2002, the guideline value was Rs 189 per sq.ft. This increased to Rs 20 per sq.ft in 2003, followed by a significant rise to Rs 100 per sq.ft in 2007. The value then jumped to Rs 300 per sq.ft in 2012, but saw a decrease to Rs 201 per sq.ft in 2017. The most recent revisions show an increase to Rs 300 per sq.ft in 2023, and then to Rs 330 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%. The 2012 to 2017 period saw a decrease of 33%, while the 2007 to 2012 period experienced a substantial increase of 200%. The 2003 to 2007 period marked a significant rise of 400%. Overall, from 2002 to 2024, the guideline value has increased by 75%. There are no figures available for the revisions in years not listed.

Guideline values in Pammathukulam

In Pammathukulam, there are 101 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 825 per sq.ft, with a median value of Rs 550 per sq.ft. The guideline value for Lake View Club Phase III & IV is below this median.

Stamp duty and registration fee for property in Lake View Club Phase III & IV

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total to Rs 29,700. 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 View Club Phase III & IV?

The Sub Registrar Office that covers Lake View Club Phase III & IV 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 more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pammathukulam. It determines the amount of stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value ensures that the transaction is documented at a fair rate set by the government. This helps in maintaining transparency in property transactions and ensures that the appropriate taxes are collected.

Frequently asked questions

What is the current guideline value for Lake View Club Phase III & IV?

The current guideline value for Lake View Club Phase III & IV is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 189 per sq.ft in 2002 to Rs 330 per sq.ft in 2024, with various increases and decreases in between, including a significant rise of 400% from 2003 to 2007.

What is the median guideline value for streets in Pammathukulam?

The median guideline value for streets in Pammathukulam is Rs 550 per sq.ft, with Lake View Club Phase III & IV being below this median at Rs 330 per sq.ft.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or sale price, whichever is higher, along with a registration fee of 2%.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office covering Lake View Club Phase III & IV is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find more information by visiting the provided link.