Guideline Value for Meera sahib street

Meera sahib street guideline value

The current guideline value of Meera sahib street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Poonthamallee village, under the Poonamallee SRO, and is classified as Residential Class II Type - I.

How the guideline value of Meera sahib street has changed

Over the years, the guideline value of Meera sahib street has seen significant changes. In the 2007 revision, the value was Rs 300 per sq.ft, which then increased dramatically to Rs 2,000 per sq.ft in 2012, marking a rise of 567%. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, a decline of 33%. The value then rose again to Rs 2,000 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 has set the value at Rs 2,200 per sq.ft, representing a 10% increase from the previous year.

It is important to note that there are no figures available for Meera sahib street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 633%.

Guideline values in Poonthamallee

Poonthamallee village has 257 streets under the Poonamallee SRO, with guideline values for 2024 ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which is the same as the current value for Meera sahib street.

• Melma nagar: Rs 2,200 per sq.ft (2024)
• MG nagar: Rs 4,950 per sq.ft (2024)
• Masudhi street: Rs 2,740 per sq.ft (2024)
• MGR nagar: Rs 2,200 per sq.ft (2024)
• Mariamman koil street: Rs 2,200 per sq.ft (2024)
• Mani Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Meera sahib street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total fees Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Meera sahib street?

The Sub Registrar Office that covers Meera sahib street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Poonthamallee. When a property is bought or sold, the guideline value serves as a benchmark for calculating the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of the transaction. The registration process ensures that the property is officially recorded, and the guideline value plays a significant role in determining the financial obligations of the parties involved.

Frequently asked questions

What is the current guideline value of Meera sahib street?

The current guideline value of Meera sahib street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 300 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 633% over the years.

What is the land classification for Meera sahib street?

Meera sahib street is classified as Residential Class II Type - I.

Where is the Poonamallee Sub Registrar Office located?

The Poonamallee Sub Registrar Office is located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.

How is the stamp duty calculated for properties in Meera sahib street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.