Guideline Value for S.J.PRAKAASH LAKE VIEW

S.J.Prakaash Lake View guideline value

The current guideline value of S.J.Prakaash Lake View in Enampondi village is Rs 200 per sq.ft, effective from 1 July 2024. This property falls under the Walajabad SRO and is classified as Residential Class I Type - I.

How the guideline value of S.J.Prakaash Lake View has changed

The guideline value for S.J.Prakaash Lake View has seen several revisions over the years. The earliest recorded revision in 2012 set the value at Rs 200 per sq.ft, which remained unchanged until 2017 when it dropped to Rs 134 per sq.ft. However, this figure rose significantly to Rs 200 per sq.ft in the 2023 revision and has remained the same in the 2024 revision, reflecting a 49% increase from 2017 to 2023.

It is important to note that the revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 200 per sq.ft.

Guideline values in Enampondi

In Enampondi, there are three streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft, with a median value of Rs 205 per sq.ft. The guideline value for S.J.Prakaash Lake View is below this median.

• Pavendhar Bharathidasan Nagar: Rs 500 per sq.ft (2024)
• ஸ்ரீ வெற்றிவேல் நகர்: Rs 205 per sq.ft (2024)

Stamp duty and registration fee for property in S.J.Prakaash Lake View

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is essential to note that the stamp duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers S.J.Prakaash Lake View?

The Sub Registrar Office that covers S.J.Prakaash Lake View is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find your SRO, you can visit this link.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Enampondi. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as determined by the government.

Frequently asked questions

What is the current guideline value of S.J.Prakaash Lake View?

The current guideline value of S.J.Prakaash Lake View is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and 2024. Overall, there has been no change from 2012 to 2024.

What is the land classification of S.J.Prakaash Lake View?

S.J.Prakaash Lake View is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 18,000, calculated based on the guideline value of Rs 2,00,000.

Which Sub Registrar Office should I visit for transactions related to S.J.Prakaash Lake View?

The Walajabad Sub Registrar Office covers S.J.Prakaash Lake View, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.