Guideline Value for MAKKAH GARDEN

Makkah Garden guideline value

The current guideline value of Makkah Garden, located in Thirupalaivanam 1 village under the Ponneri SRO, is Rs 200 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Makkah Garden has changed

The guideline value for Makkah Garden has undergone several revisions over the years. In the 2017 revision, the value was Rs 134 per sq.ft. This increased to Rs 200 per sq.ft in the 2023 revision, marking a significant change of 49%. The same value of Rs 200 per sq.ft has been maintained in the 2024 revision, indicating no change from the previous year.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%, highlighting the changes in property valuation over this period.

Guideline values in Thirupalaivanam 1

In Thirupalaivanam 1, there are 9 streets under the Ponneri SRO that carry a 2024 guideline value. The values range from Rs 134 to Rs 200 per sq.ft, with the median being Rs 200 per sq.ft. Makkah Garden's 2024 figure aligns with this median.

• Mecca Garden: Rs 200 per sq.ft (2024)
• Nithyasri Nagar Project I,II: Rs 200 per sq.ft (2024)
• Kamatchi Amman Nagar Annex-III: Rs 200 per sq.ft (2024)
• Farzana Garden: Rs 200 per sq.ft (2024)
• Sai City Phase-I: Rs 200 per sq.ft (2024)
• Sri Kalikambal Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Makkah Garden

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 at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Makkah Garden?

The Makkah Garden area falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information on other offices, you can find your SRO.

How the guideline value is used when you buy or sell in Thirupalaivanam 1

The guideline value is a crucial factor in the registration process when buying or selling property in Thirupalaivanam 1. It determines the minimum value at which the property can be registered, ensuring that the transaction is transparent and in line with government regulations.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees. Buyers must be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring that the state receives its due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Makkah Garden?

The current guideline value of Makkah Garden is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 134 per sq.ft to Rs 200 per sq.ft in the 2023 and 2024 revisions, marking a total increase of 49% over this period.

What is the stamp duty for property in Makkah Garden?

The stamp duty for property in Makkah Garden is calculated at 7% of the guideline value. For a 1,000 sq.ft plot, the stamp duty would amount to Rs 14,000.

Where can I find the Sub Registrar Office for Makkah Garden?

The Sub Registrar Office covering Makkah Garden is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value of a property. It is essential for calculating the stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.