Guideline Value for MARGO TREE FARM LOUT

Margo Tree Farm Lout guideline value

The current guideline value of Margo Tree Farm Lout is Rs 100 per sq.ft, effective from 1 July 2024. This property is located in Pusivakkam village, under the Walajabad SRO, and is classified as Residential Class I Type - I.

How the guideline value of Margo Tree Farm Lout has changed

The guideline value for Margo Tree Farm Lout has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 100 per sq.ft. This figure remained unchanged until the 2017 revision, where it was reduced to Rs 67 per sq.ft, marking a decrease of 33%. The 2023 revision brought the value back up to Rs 100 per sq.ft, and this figure has remained the same in the 2024 revision, showing no change from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained at Rs 100 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Pusivakkam

In Pusivakkam, there are 22 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 100 to Rs 598 per sq.ft, with a median value of Rs 150 per sq.ft. Margo Tree Farm Lout's 2024 figure is below this median.

• J.S.Garden: Rs 598 per sq.ft (2024)
• Ishvariyam Nagar: Rs 126 per sq.ft (2024)
• Royal City Phase-I: Rs 175 per sq.ft (2024)
• Royal City Phase - II: Rs 175 per sq.ft (2024)
• Royal City Phase-III: Rs 175 per sq.ft (2024)
• Sai Ganesh Nagar: Rs 126 per sq.ft (2024)

Stamp duty and registration fee for property in Margo Tree Farm Lout

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that the 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 Margo Tree Farm Lout?

The Sub Registrar Office covering Margo Tree Farm Lout is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Pusivakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, helping to prevent undervaluation. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Margo Tree Farm Lout?

The current guideline value of Margo Tree Farm Lout is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 100 per sq.ft in 2012, dropping to Rs 67 per sq.ft in 2017, and returning to Rs 100 per sq.ft in 2023 and 2024.

What are the other streets in Pusivakkam with their guideline values?

Other streets in Pusivakkam include J.S.Garden at Rs 598 per sq.ft, Ishvariyam Nagar at Rs 126 per sq.ft, and various phases of Royal City at Rs 175 per sq.ft.

What is the registration fee for property in Margo Tree Farm Lout?

The registration fee for property in Margo Tree Farm Lout is calculated based on the guideline value. For example, for a plot of 1,000 sq.ft, the total registration fee would be Rs 9,000, which includes stamp duty and registration fees.

Which office handles the registration for Margo Tree Farm Lout?

The registration for Margo Tree Farm Lout is handled by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.