Guideline Value for M/S PURE METALIC

M/S Pure Metalic guideline value

The current guideline value of M/S Pure Metalic is Rs 2,200 per sq.ft, effective from 1 July 2024. It is located in Karapakkam village, under the Neelankarai SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of M/S Pure Metalic has changed

Over the years, the guideline value of M/S Pure Metalic has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in the 2017 revision. However, the value rose significantly to Rs 2,000 per sq.ft again in 2023, and then to Rs 2,200 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a notable increase of 49%, and from 2023 to 2024, the increase was 10%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Karapakkam

Karapakkam has a total of 185 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,000 to Rs 10,700 per sq.ft as per the 2024 revision. The median guideline value for the village is Rs 1,700 per sq.ft, placing M/S Pure Metalic's 2024 figure above that median.

• M/S Fisher Echo Mas India Ltd.,: 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)
• MUTHAMIZH NAGAR 1st STREET: Rs 4,400 per sq.ft (2024)
• MUTHAMIZH NAGAR 2nd STREET: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in M/S Pure Metalic

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total 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, bringing the total charges to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers M/S Pure Metalic?

The Sub Registrar Office that covers M/S Pure Metalic is 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 during property registration in Karapakkam. It establishes the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in determining the official value of the property, which may differ from the market price. Buyers and sellers must be aware of the guideline value to ensure compliance with registration regulations.

Frequently asked questions

What is the current guideline value of M/S Pure Metalic?

The current guideline value of M/S Pure Metalic 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 Pure Metalic?

M/S Pure Metalic falls under the Residential Class II Type - II land classification.

What are the stamp duty and registration fees for M/S Pure Metalic?

For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000, with stamp duty at Rs 1,54,000 and registration fees at Rs 44,000, totaling 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.