Guideline Value for MECCA GARDEN

Mecca Garden guideline value

The current guideline value of Mecca 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 Mecca Garden has changed

In the 2017 revision, the guideline value was Rs 134 per sq.ft. This figure increased by 49% to Rs 200 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the increase was 49%, and overall, from 2017 to 2024, the guideline value has also increased by 49%. The current guideline value reflects a significant adjustment since the last recorded figure in 2017.

Guideline values in Thirupalaivanam 1

In Thirupalaivanam 1, there are 9 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 134 to Rs 200 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which is equal to the guideline value of Mecca Garden.

• Makkah 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)
• Sai City Phase-I: Rs 200 per sq.ft (2024)
• Farzana Garden: Rs 200 per sq.ft (2024)
• Sri Kalikambal Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Mecca Garden

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value is 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, totaling Rs 18,000. 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 Mecca Garden?

The Sub Registrar Office that covers Mecca Garden is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is crucial during property registration in Thirupalaivanam 1, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs in the property transaction process. It is important for both parties to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Mecca Garden?

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

How has the guideline value changed over the years?

The guideline value increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023 and remained at Rs 200 per sq.ft in 2024. This represents a 49% increase overall from 2017 to 2024.

What is the land classification for Mecca Garden?

Mecca Garden falls under the Residential Class II Type - I land classification, indicating its suitability for residential development.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in the Mecca Garden area.

How is stamp duty calculated for properties in Mecca Garden?

Stamp duty for properties in Mecca Garden is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot has a guideline value of Rs 2,00,000, leading to a stamp duty of Rs 14,000 at 7%.