Guideline Value for CENTRAL GOVERNMENT STAFFS CO-OP NAGAR

Central Government Staffs Co-Op Nagar guideline value

The current guideline value of Central Government Staffs Co-Op Nagar is Rs 200 per sq.ft. This area is located in Melavalam village, under the Madurandakam SRO, and is classified as Residential Special Type - II.

How the guideline value of Central Government Staffs Co-Op Nagar has changed

Over the years, the guideline value for Central Government Staffs Co-Op Nagar has seen several revisions. The most recent revision in 2024 maintains the value at Rs 200 per sq.ft, which is the same as the 2023 revision. Prior to that, the guideline value was Rs 67 per sq.ft in 2017 and Rs 100 per sq.ft in 2012. The register has no figures for this street in 2002, 2003, or 2007.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 199% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 100%.

Guideline values in Melavalam

In Melavalam, there are 20 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,000 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value for Central Government Staffs Co-Op Nagar is below this median.

• A.V. Nagar: Rs 200 per sq.ft (2024)
• Anbu Nagar: Rs 200 per sq.ft (2024)
• Adhivasi Nagar: Rs 200 per sq.ft (2024)
• M.S.K. Nagar: Rs 200 per sq.ft (2024)
• Ramya Reng & Ramya Ramaa: Rs 200 per sq.ft (2024)
• R. R. Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Central Government Staffs Co-Op Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total 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, bringing the total to Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Central Government Staffs Co-Op Nagar?

The Central Government Staffs Co-Op Nagar falls under the jurisdiction of the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Melavalam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in accordance with the prevailing rates.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are based on this value or the sale price, whichever is higher. This ensures transparency and uniformity in property transactions.

Frequently asked questions

What is the current guideline value of Central Government Staffs Co-Op Nagar?

The current guideline value of Central Government Staffs Co-Op Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 100 per sq.ft to Rs 200 per sq.ft in 2024, marking an overall increase of 100% over the period.

What are the stamp duty rates for properties in Central Government Staffs Co-Op Nagar?

The stamp duty for properties in Central Government Staffs Co-Op Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Central Government Staffs Co-Op Nagar?

The Madurandakam Sub Registrar Office handles registrations for Central Government Staffs Co-Op Nagar, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What is the land classification for Central Government Staffs Co-Op Nagar?

Central Government Staffs Co-Op Nagar is classified as Residential Special Type - II, indicating its intended use for residential purposes.