Guideline Value for MEGATHAMMAN NAGAR

Megathamman Nagar guideline value

The current guideline value of Megathamman Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Kadalur village under the Cheyyur SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Megathamman Nagar has changed

According to the guideline value register, the 2024 revision shows a guideline value of Rs 300 per sq.ft, which is the same as the 2023 revision. There are no figures available for the revisions in the years 2017, 2012, 2007, 2003, and 2002 for this street.

From 2023 to 2024, there has been no change in the guideline value, remaining at Rs 300 per sq.ft. This consistency indicates stability in the guideline value for Megathamman Nagar over the last two revisions.

Guideline values in Kadalur

Currently, there are no specific village figures provided for Kadalur. The guideline value for Megathamman Nagar remains at Rs 300 per sq.ft. There are no other streets in Kadalur under the Cheyyur SRO listed.

Stamp duty and registration fee for property in Megathamman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total Rs 27,000. Please note that 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 further calculations.

Which Sub Registrar Office covers Megathamman Nagar?

The Sub Registrar Office that covers Megathamman Nagar is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when buying or selling property in Kadalur, as it determines the minimum value on which stamp duty and registration fees are calculated. This value is set by the government and is updated periodically to reflect changes in the market.

When a property is registered, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Megathamman Nagar?

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

How has the guideline value changed over the years?

The guideline value for Megathamman Nagar has remained constant at Rs 300 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for the revisions in the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the stamp duty and registration fees for properties in Megathamman Nagar?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at 7%, and the registration fee would be Rs 6,000 at 2%, totaling Rs 27,000. The duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Megathamman Nagar located?

The Cheyyur Sub Registrar Office covers Megathamman Nagar and is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.

How is the guideline value determined for properties in Kadalur?

The guideline value is determined by the government and is updated periodically to reflect the current market conditions. It serves as the minimum value for calculating stamp duty and registration fees during property transactions.