Guideline Value for MENGO GARDEN

Mengo Garden guideline value

The current guideline value of Mengo Garden, located in Chithamur (Minnal) village under the Acchirapakkam SRO, is Rs 150 per sq.ft. This guideline value is effective from 1 July 2024 and is classified as Residential Special Type - II.

How the guideline value of Mengo Garden has changed

The guideline value of Mengo Garden has remained consistent over the last two revisions. In the 2023 revision, the guideline value was Rs 150 per sq.ft, which is the same as the current 2024 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

From 2023 to 2024, there was no change in the guideline value, maintaining a rate of Rs 150 per sq.ft. This consistency indicates stability in the valuation for this property area.

Guideline values in Chithamur (Minnal)

Currently, there are no specific village figures available for Chithamur (Minnal). Mengo Garden is the only street noted under the Acchirapakkam SRO.

Stamp duty and registration fee for property in Mengo Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Mengo Garden?

The Sub Registrar Office that covers Mengo Garden is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, in the Chengalpattu registration zone. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Chithamur (Minnal)

The guideline value plays a crucial role during the registration of property transactions in Chithamur (Minnal). It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on an established value rather than fluctuating market prices.

When purchasing or selling property, the guideline value is considered to determine the applicable duties. Buyers and sellers should be aware that the registration fees and stamp duties will be calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Mengo Garden?

The current guideline value of Mengo Garden is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed in recent years?

The guideline value has remained unchanged at Rs 150 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Mengo Garden?

Mengo Garden is classified as Residential Special Type - II under the current guideline value regulations.

Where is the Acchirapakkam Sub Registrar Office located?

The Acchirapakkam Sub Registrar Office is located at No.70, Bazzar Street, Acchirapakkam-603301, in the Chengalpattu registration zone.

How are stamp duty and registration fees calculated for properties in Mengo Garden?

Stamp duty and registration fees for properties in Mengo Garden are calculated based on the guideline value. For example, a 1,000 sq.ft plot would have a total guideline value of Rs 1,50,000, resulting in a stamp duty of Rs 10,500 and a registration fee of Rs 3,000.