Guideline Value for M/S FISHER ECHO MAS INDIA LTD.,

M/S Fisher Echo Mas India Ltd., guideline value

The current guideline value for M/S Fisher Echo Mas India Ltd., located in Karapakkam village under the Neelankarai SRO is Rs 2,200 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class II Type - II land classification.

How the guideline value of M/S Fisher Echo Mas India Ltd., has changed

The guideline value for M/S Fisher Echo Mas India Ltd. has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased to Rs 2,000 per sq.ft in 2023, and finally rose to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes between the revisions are as follows: a 49% increase from 2017 to 2023, and a 33% decrease from 2012 to 2017. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median value is Rs 1,700 per sq.ft, placing M/S Fisher Echo Mas India Ltd. above this median at Rs 2,200 per sq.ft.

• M/S Pure Metalic: Rs 2,200 per sq.ft (2024)
• Murthy Avenue: Rs 1,100 per sq.ft (2024)
• Murugesan Street: Rs 1,100 per sq.ft (2024)
• Muthamizh Nagar: Rs 4,400 per sq.ft (2024)
• Middle Street: Rs 1,700 per sq.ft (2024)
• MUTHAMIZH NAGAR 1st STREET: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in M/S Fisher Echo Mas India Ltd.,

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers M/S Fisher Echo Mas India Ltd.,?

The M/S Fisher Echo Mas India Ltd. property is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

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

When buying or selling a property, it is important to be aware of the guideline value as it affects the overall cost of 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 for M/S Fisher Echo Mas India Ltd.?

The current guideline value for M/S Fisher Echo Mas India Ltd. is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification of M/S Fisher Echo Mas India Ltd.?

M/S Fisher Echo Mas India Ltd. falls under the Residential Class II Type - II land classification.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% and the registration fee at 2% based on the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 2,200 per sq.ft incurs a total fee of Rs 1,98,000.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.