Guideline Value for MESSIAH GARDEN

Messiah Garden guideline value

The current guideline value of Messiah Garden in Kattur village, under the Ponneri SRO, is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Messiah Garden has changed

Looking at the revisions, the guideline value for Messiah Garden was Rs 67 per sq.ft in 2017. It then increased to Rs 100 per sq.ft in the 2023 revision, marking a 49% rise over the six-year period. The 2024 revision maintained this value at Rs 100 per sq.ft, showing no change from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for Messiah Garden. Therefore, we can only observe the changes from 2017 to 2024, which reflect a 49% increase overall.

Guideline values in Kattur

In Kattur, there are 11 streets under the Ponneri SRO that carry a 2024 guideline value. The values for these streets range from Rs 100 to Rs 100 per sq.ft, with a median of Rs 100 per sq.ft. Messiah Garden's 2024 figure is equal to 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 Messiah 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 cost 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 use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Messiah Garden?

The Messiah Garden 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 Kattur

The guideline value is a crucial factor during property registration in Kattur. It determines the minimum value at which a property can be registered, ensuring that the government collects the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the legal and financial implications of the transaction. It is essential to be aware of the current guideline value to ensure compliance with local regulations and to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Messiah Garden?

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

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 67 per sq.ft to Rs 100 per sq.ft in 2023, and it remains at Rs 100 per sq.ft in 2024, reflecting a 49% increase overall.

What is the land classification for Messiah Garden?

Messiah Garden falls under the Residential Class II Type - I land classification.

Where is the Ponneri Sub Registrar Office located?

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

How is the stamp duty calculated for properties in Messiah Garden?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 1,00,000 would incur a stamp duty of Rs 7,000.