Guideline Value for LITTLE MERMAID GARDENS

Little Mermaid Gardens guideline value

The current guideline value of Little Mermaid Gardens is Rs 1,800 per sq.ft. This street is located in Thiruvidanthai village, under the Thiruporur SRO, and is classified as Mixed Type - III land.

How the guideline value of Little Mermaid Gardens has changed

In the 2012 revision, the guideline value was set at Rs 1,800 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,206 per sq.ft, marking a decline of 33%. The subsequent 2023 revision brought the guideline value back up to Rs 1,800 per sq.ft, resulting in an increase of 49% from the 2017 figure.

Overall, comparing the 2012 and 2023 revisions, there has been no change in the guideline value, as it remains at Rs 1,800 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 Thiruvidanthai

Currently, there are no specific guideline values available for other streets in Thiruvidanthai under the Thiruporur SRO. Thus, the guideline value for Little Mermaid Gardens stands out as the only figure provided.

Stamp duty and registration fee for property in Little Mermaid Gardens

For a 1,000 sq.ft plot at the current rate of Rs 1,800 per sq.ft, the guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, totaling Rs 1,62,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator to estimate costs for your property transactions.

Which Sub Registrar Office covers Little Mermaid Gardens?

The Sub Registrar Office that covers Little Mermaid Gardens is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. It is used to calculate the stamp duty and registration fees, which are mandatory during the transfer of property ownership.

When buying or selling property in Thiruvidanthai, the guideline value ensures that all transactions are conducted transparently and in accordance with the legal framework. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Little Mermaid Gardens?

The current guideline value of Little Mermaid Gardens is Rs 1,800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

From the 2012 revision to the 2017 revision, the guideline value decreased from Rs 1,800 per sq.ft to Rs 1,206 per sq.ft. However, it increased back to Rs 1,800 per sq.ft in the 2023 revision.

What is the land classification for Little Mermaid Gardens?

Little Mermaid Gardens is classified as Mixed Type - III land, which indicates the type of development permissible in the area.

What are the stamp duty and registration fees for property in Little Mermaid Gardens?

For a property valued at Rs 18,00,000, the stamp duty would be Rs 1,26,000, and the registration fee would be Rs 36,000, totaling Rs 1,62,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Little Mermaid Gardens located?

The Thiruporur Sub Registrar Office, which covers Little Mermaid Gardens, is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.