Guideline Value for M.M. CITY

M.M. City guideline value

The current guideline value of M.M. City, located in Pudukuppam village under the Arani_Tiruvallur SRO, is Rs 141 per sq.ft. This value is effective from 1 July 2024 and is classified as Residential Class IV Type - I.

How the guideline value of M.M. City has changed

In the 2017 revision, the guideline value was Rs 94 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded a guideline value of Rs 141 per sq.ft. The current 2024 revision has maintained the same value of Rs 141 per sq.ft, reflecting a 50% increase from the 2017 figure.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 50%.

Guideline values in Pudukuppam

Currently, there are no specific village figures available for Pudukuppam. M.M. City is the only street mentioned under the Arani_Tiruvallur SRO.

Stamp duty and registration fee for property in M.M. City

For a 1,000 sq.ft plot at the current rate of Rs 141 per sq.ft, the guideline value amounts to Rs 1,41,000. The stamp duty at 7% would be Rs 9,870, and the registration fee at 2% would be Rs 2,820, totaling Rs 12,690. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers M.M. City?

The Sub Registrar Office covering M.M. City is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101, Chennai registration zone. To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role during property registration in Pudukuppam. It is the benchmark used to calculate the stamp duty and registration fees, which are mandatory for property transactions.

When buying or selling property, the guideline value ensures that the transaction is registered at a fair value, thus providing transparency in the real estate process. 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 M.M. City?

The current guideline value of M.M. City is Rs 141 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 94 per sq.ft in 2017 to Rs 141 per sq.ft in 2024, marking a 50% increase. The value remained the same at Rs 141 per sq.ft from the 2023 revision to the 2024 revision.

What are the stamp duty and registration fees for property in M.M. City?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 12,690. This includes a stamp duty of Rs 9,870 and a registration fee of Rs 2,820.

Which office handles property registrations in M.M. City?

The Arani_Tiruvallur Sub Registrar Office handles property registrations for M.M. City. It is located at No.10, S.p Kovil Street, Arani, Ponneri(tk), Thiruvallur(dt) - 601 101, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as a benchmark to ensure that the property is registered at a fair value, thereby promoting transparency in the real estate process.