Guideline Value for MEDTHINA CITY

Medthina City guideline value

The current guideline value of Medthina City, located in Anupampattu village under the Ponneri SRO, is Rs 300 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 Medthina City has changed

Since the 2012 revision, the guideline value for Medthina City has remained at Rs 300 per sq.ft, with no overall change from 2012 to 2024. The 2017 revision recorded a guideline value of Rs 201 per sq.ft, which represented a 49% increase to Rs 300 per sq.ft in the 2023 revision. However, there were no figures available for the years 2002, 2003, and 2007 regarding this street.

The 2012 revision also set the guideline value at Rs 300 per sq.ft, which was a decrease of 33% from the Rs 201 per sq.ft recorded in 2017. The current value of Rs 300 per sq.ft in 2024 is equal to the median value of Rs 300 per sq.ft for the 42 streets in Anupampattu under the Ponneri SRO.

Guideline values in Anupampattu

Anupampattu village has 42 streets under the Ponneri SRO with guideline values ranging from Rs 300 to Rs 500 per sq.ft. The median value is Rs 300 per sq.ft, and Medthina City's 2024 figure aligns with this median.

• Meenakshi Amman Nagr: Rs 300 per sq.ft (2024)
• Mahaveer Nagar: Rs 300 per sq.ft (2024)
• M R Garden: Rs 300 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 300 per sq.ft (2024)
• Msv Nagar: Rs 400 per sq.ft (2024)
• Lakshmi Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Medthina City

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Medthina City?

The Sub Registrar Office that covers Medthina City 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 Anupampattu

The guideline value is a crucial factor during property registration in Anupampattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the correct stamp duty and registration fees based on this value.

When buying or selling property, the guideline value will influence the financial aspects of the transaction. Buyers and sellers should be aware that the stamp duty is calculated on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Medthina City?

The current guideline value of Medthina City is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has been Rs 300 per sq.ft since 2012, with a notable increase of 49% from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023. There are no figures available for the years 2002, 2003, and 2007 for this street.

What are the stamp duty and registration fees for properties in Medthina City?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot at Rs 300 per sq.ft, the total cost for these fees would be Rs 27,000.

Which office handles property registrations in Medthina City?

The Ponneri Sub Registrar Office handles property registrations in Medthina City, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the guideline value used in property transactions?

The guideline value is used as a benchmark for property registration and is crucial for calculating stamp duty and registration fees. It is charged on the higher of the guideline value or the sale price during transactions.