Guideline Value for A1-METRO CITY

A1-Metro City guideline value

The current guideline value of A1-Metro City, located in Vellaputhoor village, is Rs 103 per sq.ft, effective from 1 July 2024. This property falls under the Madurandakam SRO and is classified as Residential Special Type - I.

How the guideline value of A1-Metro City has changed

Over the years, the guideline value of A1-Metro City has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 67 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, raising the value to Rs 100 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 103 per sq.ft, marking a 3% rise from the previous year.

It is important to note that for the years 2007, 2003, and 2002, the register has no figure for this street. The changes reflect the evolving real estate landscape in the area, with the current guideline value aligning with the median for Vellaputhoor.

Guideline values in Vellaputhoor

In Vellaputhoor, there are seven streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 103 per sq.ft. The median value among these streets is Rs 103 per sq.ft, placing A1-Metro City at the same level.

• Dhanalakshmi Nagar: Rs 103 per sq.ft (2024)
• Jeeni Nagar: Rs 103 per sq.ft (2024)
• Jeeni Nagar Fam: Rs 103 per sq.ft (2024)
• Kamatchi Garden: Rs 103 per sq.ft (2024)
• Om Sakthi Nagar: Rs 103 per sq.ft (2024)
• Sun City Varadharajan Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in A1-Metro City

For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value would be Rs 1,03,000. The stamp duty at 7% would amount to Rs 7,210, while the registration fee at 2% would be Rs 2,060, leading to a total of Rs 9,270. Please note that the 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 information.

Which Sub Registrar Office covers A1-Metro City?

The A1-Metro City area is covered by the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Vellaputhoor. It is used to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is essential for calculating the applicable stamp duty. Buyers should be aware that the duty is charged based on the higher value between the guideline and the sale price, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of A1-Metro City?

The current guideline value of A1-Metro City is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, and now to Rs 103 per sq.ft in 2024. There was a notable increase of 49% from 2017 to 2023.

What is the registration office for A1-Metro City?

The registration office for A1-Metro City is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated for properties in A1-Metro City?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 1,03,000 would incur a stamp duty of Rs 7,210 at the current rate of 7%.

What are the other streets with guideline values in Vellaputhoor?

Other streets in Vellaputhoor include Dhanalakshmi Nagar, Jeeni Nagar, Jeeni Nagar Fam, Kamatchi Garden, Om Sakthi Nagar, and Sun City Varadharajan Nagar, with values ranging from Rs 100 to Rs 103 per sq.ft.