Guideline Value for Le Waterina Resorts

Le Waterina Resorts guideline value

The current guideline value of Le Waterina Resorts is Rs 800 per sq.ft, effective from 1 July 2024. It is located in Sriperumbudur A village, under the Sriperumpudur SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Le Waterina Resorts has changed

The guideline value for Le Waterina Resorts has seen several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 536 per sq.ft. This increased to Rs 800 per sq.ft in both the 2023 and 2024 revisions, indicating a 49% increase from the 2017 figure to the 2023 figure, and no change from 2023 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Le Waterina Resorts' 2024 figure above this median.

• Lancor: Rs 700 per sq.ft (2024)
• Lakshmi Nagar: Rs 700 per sq.ft (2024)
• Lake View Gardens: Rs 700 per sq.ft (2024)
• Kuya Street: Rs 1,200 per sq.ft (2024)
• Mahathma Ganthi Nagar: Rs 1,200 per sq.ft (2024)
• Kuppu Mudali Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Le Waterina Resorts

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, making the total cost Rs 72,000. Please 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 Le Waterina Resorts?

The Sub Registrar Office covering Le Waterina Resorts is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the buyer and seller must ensure that the transaction is registered at the Sub Registrar Office, and the applicable fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is legally recognized and that the appropriate taxes are paid.

Frequently asked questions

What is the current guideline value of Le Waterina Resorts?

The current guideline value of Le Waterina Resorts is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%. The value remained the same at Rs 800 per sq.ft in both the 2023 and 2024 revisions.

What is the land classification for Le Waterina Resorts?

The land classification for Le Waterina Resorts is Residential Class II Type - II.

Where is the Sub Registrar Office for Le Waterina Resorts located?

The Sub Registrar Office for Le Waterina Resorts is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 8,00,000, the stamp duty would be Rs 56,000 at a rate of 7%.