Guideline Value for MESIYA GARDEN

Mesiya Garden guideline value

The current guideline value of Mesiya Garden is Rs 100 per sq.ft. This area is located in Kattur village under the Ponneri SRO and is classified as Residential Class II Type - I.

How the guideline value of Mesiya Garden has changed

The guideline value for Mesiya Garden has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 67 per sq.ft. This figure remained unchanged in the 2023 revision, where it stayed at Rs 100 per sq.ft. The most recent revision in 2024 also set the guideline value at Rs 100 per sq.ft, resulting in an overall increase of 49% from the 2017 figure.

There are no figures available in the register for the years 2002, 2003, 2007, and 2012 for this street. The guideline value has remained constant from 2023 to 2024, showing no percentage change.

Guideline values in Kattur

In Kattur, there are 11 streets under the Ponneri SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft, with the median also at Rs 100 per sq.ft. Mesiya Garden's 2024 figure aligns with this median.

• Mesiya Garden: Rs 100 per sq.ft (2024)
• Mahendra City: Rs 100 per sq.ft (2024)
• Om Enterprises: Rs 100 per sq.ft (2024)
• Santhosam Nagar: Rs 100 per sq.ft (2024)
• Sri Ayyanar Colony: Rs 100 per sq.ft (2024)
• Sri Balaji Avenue: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Mesiya Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Mesiya Garden?

The Mesiya Garden area falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Mesiya Garden?

The current guideline value of Mesiya Garden is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

Which Sub Registrar Office covers Mesiya Garden?

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

What are the stamp duty and registration fees for property in Mesiya Garden?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 9,000.

Are there other streets in Kattur with the same guideline value?

Yes, there are several other streets in Kattur with the same guideline value of Rs 100 per sq.ft, including Mahendra City, Om Enterprises, and Santhosam Nagar, among others.