Guideline Value

Corporate

Guideline Value for Lake View

₹400/sq.ft.

The guideline value for Lake View in Siruvanchur village (Gooduvancheri SRO, Chengalpattu zone) is Rs 400 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Siruvanchur

Village

Gooduvancheri

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹400 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹50 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Lake View

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Lake View guideline value

The current guideline value of Lake View in Siruvanchur village, under the Gooduvancheri SRO, is Rs 400 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Lake View has changed

Over the years, the guideline value for Lake View has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 50 per sq.ft. This increased significantly to Rs 400 per sq.ft in 2012, marking a remarkable increase of 700%. However, in the subsequent revision in 2017, the value dropped to Rs 268 per sq.ft, a decrease of 33%. The guideline value then rose again to Rs 400 per sq.ft in 2023, remaining unchanged in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. The overall change from 2007 to 2024 shows a substantial increase of 700%, with the current value being the same as the previous two revisions in 2023 and 2024.

Guideline values in Siruvanchur

In Siruvanchur, there are eight streets under the Gooduvancheri SRO that carry a guideline value of Rs 400 per sq.ft for 2024, with the median also being Rs 400 per sq.ft. Lake View's 2024 figure aligns with this median.

Stamp duty and registration fee for property in Lake View

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total cost for these fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Lake View?

The Sub Registrar Office covering Lake View is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find more details, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Siruvanchur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than the sale price alone.

When registering a property, buyers must be aware that the guideline value will be used to determine the applicable fees. This means that understanding the current guideline value is essential for accurate financial planning during a property transaction.

Frequently asked questions

What is the current guideline value of Lake View?

The current guideline value of Lake View is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017, and returned to Rs 400 per sq.ft in 2023 and 2024.

What is the land classification for Lake View?

The land classification for Lake View is Residential Special Type - II.

Where can I find the Sub Registrar Office for Lake View?

The Sub Registrar Office for Lake View is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Lake View?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000, with stamp duty at 7% amounting to Rs 28,000.