Guideline Value for Grama Main Road

Grama Main Road guideline value

The current guideline value of Grama Main Road in Maakaanyam village is Rs 200 per sq.ft, effective from 1 July 2024. This property falls under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Grama Main Road has changed

The guideline value for Grama Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 200 per sq.ft. The 2024 revision has maintained this value, showing no change 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 remained constant at Rs 200 per sq.ft.

Guideline values in Maakaanyam

In Maakaanyam, there are 41 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 600 per sq.ft. The median value for these streets is Rs 250 per sq.ft, indicating that the guideline value for Grama Main Road is below this median.

• Gokulam Nagar: Rs 200 per sq.ft (2024)
• Gubera Nagar(SF No.67/2): Rs 300 per sq.ft (2024)
• Harshitha Avenue: Rs 150 per sq.ft (2024)
• Ganesh Nagar: Rs 500 per sq.ft (2024)
• Dr.Chandra Nagar: Rs 250 per sq.ft (2024)
• Kalayana Perumal Nagar Extension: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Grama Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty is charged at 7%, which totals Rs 14,000, and the registration fee is charged at 2%, amounting to Rs 4,000. Together, the total cost for stamp duty and registration fee is Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Grama Main Road?

The Grama Main Road is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for additional assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Maakaanyam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it can influence the overall costs involved in the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Grama Main Road?

The current guideline value of Grama Main Road in Maakaanyam village is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a decrease to Rs 134 per sq.ft in 2017 and an increase of 49% from 2017 to 2023.

What is the median guideline value for streets in Maakaanyam?

The median guideline value for streets in Maakaanyam is Rs 250 per sq.ft, while Grama Main Road's value is below this median.

What are the stamp duty and registration fees for property in Grama Main Road?

For a 1,000 sq.ft property at the guideline value of Rs 200 per sq.ft, the total stamp duty is Rs 14,000 and the registration fee is Rs 4,000, totaling Rs 18,000.

Which office handles the registration for Grama Main Road?

The Sriperumpudur Sub Registrar Office handles the registration for Grama Main Road, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.