Guideline Value for COMPACT HOME NIRANJANA

Compact Home Niranjana guideline value

The current guideline value for Compact Home Niranjana is Rs 1,075 per sq.ft. This property is located in Mevaloorkuppam village, under the Sriperumpudur SRO, and is classified as Residential Special Type - IV.

How the guideline value of Compact Home Niranjana has changed

The guideline value for Compact Home Niranjana has remained consistent in recent revisions. The 2023 revision set the value at Rs 1,075 per sq.ft, which was unchanged in the 2024 revision, effective from 1 July 2024. Notably, the register has no figures for this street in the years 2002, 2003, 2007, 2012, and 2017.

From the 2023 to the 2024 revision, there was no percentage increase, as the guideline value remained at Rs 1,075 per sq.ft. This stability indicates a consistent valuation in the recent years for this property.

Guideline values in Mevaloorkuppam

In Mevaloorkuppam, there are 69 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,400 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing the guideline value of Compact Home Niranjana above this median.

• Compact Homes -Manjari: Rs 900 per sq.ft (2024)
• Cosmocity: Rs 900 per sq.ft (2024)
• Cosmo city-II: Rs 900 per sq.ft (2024)
• Cosmo city ph.III: Rs 900 per sq.ft (2024)
• Cosmo city ph.IV: Rs 900 per sq.ft (2024)
• Cosmo city (south): Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Compact Home Niranjana

For a 1,000 sq.ft plot at the current guideline value of Rs 1,075 per sq.ft, the total guideline value would be Rs 10,75,000. The stamp duty at 7% would amount to Rs 75,250, and the registration fee at 2% would be Rs 21,500, leading to a total of Rs 96,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Compact Home Niranjana?

The Sub Registrar Office that covers Compact Home Niranjana is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Mevaloorkuppam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

When a property is sold, the sale price or the guideline value, whichever is higher, will be used to calculate the applicable duties and fees. This ensures that the registration process is standardized and transparent for all property transactions in the area.

Frequently asked questions

What is the current guideline value of Compact Home Niranjana?

The current guideline value of Compact Home Niranjana is Rs 1,075 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Compact Home Niranjana has remained stable at Rs 1,075 per sq.ft from 2023 to 2024, with no figures recorded for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Mevaloorkuppam?

Other streets in Mevaloorkuppam have varying guideline values ranging from Rs 200 to Rs 2,400 per sq.ft, with the median being Rs 400 per sq.ft. Compact Home Niranjana's value is above this median.

What fees are associated with buying property in Compact Home Niranjana?

When purchasing property in Compact Home Niranjana, buyers must pay stamp duty at 7% of the guideline value and a registration fee at 2%. For example, a 1,000 sq.ft plot would incur total fees of Rs 96,750.

Where can I find the Sub Registrar Office for Compact Home Niranjana?

The Sub Registrar Office for Compact Home Niranjana is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more details through the provided link.