Guideline Value for Dr.A.P.J.AbdulKalam Nagar

Dr.A.P.J.AbdulKalam Nagar guideline value

The current guideline value of Dr.A.P.J.AbdulKalam Nagar is Rs 1,375 per sq.ft. This area is located in Melakottyur village and falls under the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - IV.

How the guideline value of Dr.A.P.J.AbdulKalam Nagar has changed

The guideline value has seen several revisions over the years. In 2012, the guideline value was set at Rs 1,375 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 921 per sq.ft, marking a decrease of 33%. However, in the 2023 revision, the value increased significantly to Rs 1,375 per sq.ft, representing a 49% increase from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained the same at Rs 1,375 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Melakottyur

Currently, there are no specific guideline values available for other streets in Melakottyur. The only known guideline value is for Dr.A.P.J.AbdulKalam Nagar, which is Rs 1,375 per sq.ft as of the 2023 revision.

Stamp duty and registration fee for property in Dr.A.P.J.AbdulKalam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,375 per sq.ft, the total guideline value amounts to Rs 13,75,000. The stamp duty at 7% would be Rs 96,250, and the registration fee at 2% would be Rs 27,500, leading to a total cost of Rs 1,23,750. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Dr.A.P.J.AbdulKalam Nagar?

The Sub Registrar Office that covers Dr.A.P.J.AbdulKalam Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Melakottyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dr.A.P.J.AbdulKalam Nagar?

The current guideline value of Dr.A.P.J.AbdulKalam Nagar is Rs 1,375 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen a decrease in 2017, dropping to Rs 921 per sq.ft. However, it increased back to Rs 1,375 per sq.ft in the 2023 revision.

What is the land classification for Dr.A.P.J.AbdulKalam Nagar?

The land classification for Dr.A.P.J.AbdulKalam Nagar is Residential Special Type - IV.

What are the stamp duty and registration fees for a property in this area?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 96,250 and the registration fee would be Rs 27,500, leading to a total of Rs 1,23,750.

Which office handles registrations for Dr.A.P.J.AbdulKalam Nagar?

The Gooduvancheri Sub Registrar Office handles registrations for Dr.A.P.J.AbdulKalam Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.