Guideline Value for MEDTHINA CITY

Medthina City guideline value

The current guideline value of Medthina City in Anupampattu_2 village is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under the Ponneri Sub Registrar Office and is classified as Residential Class II Type - I.

How the guideline value of Medthina City has changed

The guideline value for Medthina City has seen several revisions over the years. In 2017, the value was Rs 201 per sq.ft, which increased to Rs 300 per sq.ft in 2023. However, with the latest revision in 2024, the guideline value decreased to Rs 250 per sq.ft, marking a change of -17% from the previous year. The overall change from 2017 to 2024 reflects a +24% increase.

It's important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. This historical context shows that the value has fluctuated significantly over the years, with a notable increase of +49% from 2017 to 2023 before the recent decrease.

Guideline values in Anupampattu_2

In Anupampattu_2, there are 35 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 500 per sq.ft, with the median being Rs 250 per sq.ft. The guideline value for Medthina City is equal to this median.

• Meenakshi Amman Nagr: Rs 250 per sq.ft (2024)
• Mahaveer Nagar: Rs 250 per sq.ft (2024)
• M R Garden: Rs 250 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 250 per sq.ft (2024)
• New Balaji Nagar Avenue: Rs 250 per sq.ft (2024)
• Kalai Garden: Rs 250 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 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total fees Rs 22,500. 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 to estimate your costs.

Which Sub Registrar Office covers Medthina City?

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

How the guideline value is used when you buy or sell in Anupampattu_2

The guideline value is a crucial factor in the registration process when buying or selling property in Anupampattu_2. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair price.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential for the legal transfer of ownership. Buyers should be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Medthina City?

The current guideline value of Medthina City is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then decreased to Rs 250 per sq.ft in 2024.

What is the land classification for Medthina City?

Medthina City is classified as Residential Class II Type - I.

How is stamp duty calculated for properties in Medthina City?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 2,50,000 would incur a stamp duty of Rs 17,500 at a rate of 7%.

Where is the Ponneri Sub Registrar Office located?

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