Guideline Value for WATER FRONT

Water Front guideline value

The current guideline value of Water Front, located in Vitlapuram village under the Thirukazhukundram SRO, is Rs 330 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Water Front has changed

Over the years, the guideline value for Water Front has seen significant changes. The most recent revision in 2024 set the value at Rs 330 per sq.ft, a substantial increase from Rs 120 per sq.ft in the 2023 revision, marking a change of +175%. The register has no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the guideline values for Water Front were not recorded in the register. The absence of figures for these years indicates that there were no changes documented for this street until the 2023 revision.

Guideline values in Vitlapuram

In Vitlapuram, the guideline value for Water Front stands at Rs 330 per sq.ft. This value positions it among other streets in the area, which have varying guideline values.

• Little Venice: Rs 140 per sq.ft (2024)

Stamp duty and registration fee for property in Water Front

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, resulting in a total of Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Water Front?

The Water Front area falls under the jurisdiction of the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Vitlapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that transactions are recorded accurately in accordance with government regulations.

When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable fees. This ensures transparency and compliance with legal requirements, as the fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Water Front?

The current guideline value of Water Front is Rs 330 per sq.ft, effective from 1 July 2024.

How much did the guideline value increase from 2023 to 2024?

The guideline value increased by 175% from Rs 120 per sq.ft in 2023 to Rs 330 per sq.ft in 2024.

Are there any previous guideline values for Water Front?

The register has no figures available for the years 2017, 2012, 2007, 2003, and 2002 for Water Front. The only recorded values are from the 2023 and 2024 revisions.

What is the registration office for Water Front?

The registration office covering Water Front is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is stamp duty calculated for properties in Water Front?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would amount to Rs 23,100 at a rate of 7%.