Guideline Value for METRO GARDEN

Metro Garden guideline value

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

How the guideline value of Metro Garden has changed

In the 2017 revision, the guideline value was Rs 67 per sq.ft. This value increased to Rs 100 per sq.ft in the 2023 revision, marking a 49% rise. The 2024 revision maintained the same rate of Rs 100 per sq.ft, showing a 0% change from the previous year. The register has no figures for the years 2012, 2007, 2003, and 2002 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. The consistent rate of Rs 100 per sq.ft since 2023 indicates stability in the current valuation for Metro Garden.

Guideline values in Andavoyal

Currently, there are no specific guideline values provided for other streets in Andavoyal. The only available figure is for Metro Garden.

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Stamp duty and registration fee for property in Metro Garden

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the 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, totaling Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Metro Garden?

The Ponneri Sub Registrar Office covers Metro Garden, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find your specific SRO, visit find your SRO.

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

The guideline value is a crucial factor during property registration in Andavoyal. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately in the government registry.

When buying or selling property, the guideline value helps establish a baseline for the financial aspects of the transaction. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Metro Garden?

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

How has the guideline value changed over the years?

The guideline value increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, and it remained at Rs 100 per sq.ft in 2024. This represents a 49% increase overall from 2017 to 2024.

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

For a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would be Rs 9,000, which includes Rs 7,000 for stamp duty and Rs 2,000 for the registration fee.

Which office handles registrations for Metro Garden?

The Ponneri Sub Registrar Office handles registrations for Metro Garden, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

Are there other streets in Andavoyal with guideline values?

Currently, there are no specific guideline values provided for other streets in Andavoyal. The only available figure is for Metro Garden.