Guideline Value for THE GROVE PHASE - III

The Grove Phase - III guideline value

The current guideline value of The Grove Phase - III is Rs 2,000 per sq.ft, as per the 2023 revision. This property is located in Kovalam village under the Thiruporur SRO, and the land classification is Mixed Type - II.

How the guideline value of The Grove Phase - III has changed

The guideline value for The Grove Phase - III has seen several revisions over the years. In 2012, the guideline value was set at Rs 2,000 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,340 per sq.ft. However, the 2023 revision marked a significant increase, raising the guideline value to Rs 2,000 per sq.ft again.

From 2017 to 2023, there was an increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, the guideline value has remained the same from 2012 to 2023, reflecting a 0% change during that period. The register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Kovalam

Currently, there are no specific village figures available for Kovalam. The Grove Phase - III is one of the streets under the Thiruporur SRO.

Stamp duty and registration fee for property in The Grove Phase - III

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, totaling Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers The Grove Phase - III?

The Grove Phase - III is covered by 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 the registration of property transactions in Kovalam. It serves as a benchmark for determining the stamp duty and registration fees payable, ensuring that both buyers and sellers adhere to the legal requirements set by the Registration Department.

When buying or selling property, it is essential to consider the guideline value, as it may influence the overall costs involved in the transaction. This value is established by the Registration Department and is regularly updated to reflect changes in the market.

Frequently asked questions

What is the current guideline value of The Grove Phase - III?

The current guideline value of The Grove Phase - III is Rs 2,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and then back to Rs 2,000 per sq.ft in 2023. The overall change from 2012 to 2023 is 0%.

What are the stamp duty and registration fees for properties in The Grove Phase - III?

For a property valued at Rs 20,00,000, the stamp duty would be Rs 1,40,000 and the registration fee would be Rs 40,000, totaling Rs 1,80,000. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles the registration for The Grove Phase - III?

The registration for The Grove Phase - III is handled by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Are there other streets in Kovalam with guideline values?

Currently, there are no other streets in Kovalam listed with guideline values under the Thiruporur SRO.