Guideline Value for METRO ECR EMARLAD BALAJI NAGAR

Metro Ecr Emarlad Balaji Nagar guideline value

The current guideline value of Metro Ecr Emarlad Balaji Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area falls under Melakuppam village and is governed by the Thirukazhukundram SRO. The land classification for this region is Residential Special Type - I.

How the guideline value of Metro Ecr Emarlad Balaji Nagar has changed

The guideline value for Metro Ecr Emarlad Balaji Nagar has remained consistent at Rs 400 per sq.ft since the 2023 revision, which also recorded the same value. Prior to 2023, there are no figures available for the revisions in the years 2017, 2012, 2007, 2003, and 2002.

From the 2023 revision to the 2024 revision, there has been no change, with the guideline value remaining at Rs 400 per sq.ft. This stability indicates that the guideline value has not fluctuated during this period.

Guideline values in Melakuppam

In Melakuppam, the guideline value for Metro Ecr Emarlad Balaji Nagar is Rs 400 per sq.ft. This value is lower compared to other streets in Melakuppam. Below are the guideline values for other streets in Melakuppam:

• Arjun Garden: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Metro Ecr Emarlad Balaji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total cost for these charges Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Metro Ecr Emarlad Balaji Nagar?

The Sub Registrar Office that covers Metro Ecr Emarlad Balaji Nagar is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Melakuppam. It is used to determine the stamp duty and registration fees that buyers need to pay when purchasing property. This value ensures that the government receives a fair share of revenue from property transactions.

When selling property, the guideline value is also considered to establish a baseline for the sale price. Buyers and sellers should be aware of the current guideline value to ensure compliance with the legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Metro Ecr Emarlad Balaji Nagar?

The current guideline value of Metro Ecr Emarlad Balaji Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2023 revision, the guideline value has remained stable at Rs 400 per sq.ft. There are no figures available for the revisions from 2017, 2012, 2007, 2003, and 2002 for this street.

What is the stamp duty for property in Metro Ecr Emarlad Balaji Nagar?

The stamp duty for property in Metro Ecr Emarlad Balaji Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

What are the registration fees for property transactions?

The registration fee for property transactions in this area is 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Metro Ecr Emarlad Balaji Nagar?

The Sub Registrar Office for Metro Ecr Emarlad Balaji Nagar is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.