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Guideline Value

Corporate

Guideline Value for Chennai Metro Politan Co Operative Society Ltd

₹1980/sq.ft.

The guideline value for Chennai Metro Politan Co Operative Society Ltd in Perungalathur village (Padappai SRO, Chennai zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungalathur

Village

Padappai

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Chennai Metro Politan Co Operative Society Ltd

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Chennai Metro Politan Co Operative Society Ltd guideline value

The current guideline value for Chennai Metro Politan Co Operative Society Ltd is Rs 1,980 per sq.ft, effective from 1 July 2024. This property is located in Perungalathur village under the Padappai SRO, classified as Residential Class III Type - I.

How the guideline value of Chennai Metro Politan Co Operative Society Ltd has changed

The guideline value has undergone several revisions over the years. In 2012, the value was set at Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 1,800 per sq.ft. The most recent revision in 2024 has further increased the value to Rs 1,980 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with 2024 guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, which means that the guideline value for Chennai Metro Politan Co Operative Society Ltd is below this median.

Stamp duty and registration fee for property in Chennai Metro Politan Co Operative Society Ltd

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty, charged at 7%, would be Rs 1,38,600, while the registration fee, charged at 2%, would be Rs 39,600. Together, these fees total Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Chennai Metro Politan Co Operative Society Ltd?

The Chennai Metro Politan Co Operative Society Ltd falls under the jurisdiction of the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Perungalathur. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value as it directly affects the overall cost of the transaction. Understanding these values can help in planning and budgeting for property purchases in the area.

Frequently asked questions

What is the current guideline value for Chennai Metro Politan Co Operative Society Ltd?

The current guideline value for Chennai Metro Politan Co Operative Society Ltd is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for this property?

The Chennai Metro Politan Co Operative Society Ltd is classified as Residential Class III Type - I.

Which office handles the registration for this property?

The registration for Chennai Metro Politan Co Operative Society Ltd is handled by the Padappai Sub Registrar Office located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600.