Guideline Value for SEA LA VIE

Sea La Vie guideline value

The current guideline value of Sea La Vie, located in Kovalam village under the Thiruporur SRO, is Rs 1,600 per sq.ft as per the 2023 revision. The land classification for this area is Mixed Type - I.

How the guideline value of Sea La Vie has changed

In the 2012 revision, the guideline value was set at Rs 1,600 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,072 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the guideline value increased to Rs 1,600 per sq.ft again, reflecting a rise of 49% from the 2017 figure.

Overall, from the 2012 to 2023 revisions, the guideline value has remained the same at Rs 1,600 per sq.ft. The register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Kovalam

No specific village figures are provided for Kovalam. The guideline value for Sea La Vie is Rs 1,600 per sq.ft. There are no other streets in Kovalam listed under the Thiruporur SRO.

Stamp duty and registration fee for property in Sea La Vie

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total Rs 1,44,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sea La Vie?

The Sub Registrar Office that covers Sea La Vie is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Sea La Vie, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal documentation.

It is essential to be aware that the stamp duty is charged based on the higher value between the guideline value and the actual sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sea La Vie?

The current guideline value of Sea La Vie is Rs 1,600 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, and then back to Rs 1,600 per sq.ft in 2023. There are no figures for the years 2002, 2003, 2007, and 2024 for this street.

What are the stamp duty rates for property in Sea La Vie?

The stamp duty rate for property transactions in Sea La Vie is 7% of the guideline value or the sale price, whichever is higher. The registration fee is 2% of the guideline value.

Where is the Sub Registrar Office for Sea La Vie located?

The Sub Registrar Office for Sea La Vie is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

What land classification does Sea La Vie fall under?

Sea La Vie falls under the land classification of Mixed Type - I, which indicates the type of land use permitted in the area.