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Guideline Value

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Guideline Value for Metro Global City House site Scheme

₹800/sq.ft.

The guideline value for Metro Global City House Site Scheme in Sriperumbudur A village (Sriperumpudur SRO, Chengalpattu zone) is Rs 800 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Sriperumbudur A

Village

Sriperumpudur

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹800 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

27, Chetty Street, Sriperumpudur-602 105
044-27163925
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Metro Global City House Site Scheme

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Metro Global City House site Scheme guideline value

The current guideline value for the Metro Global City House site Scheme is Rs 800 per sq.ft. This property is located in Sriperumbudur A village, under the Sriperumpudur SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Metro Global City House site Scheme has changed

The guideline value for the Metro Global City House site Scheme has seen significant changes over the years. The 2017 revision set the value at Rs 536 per sq.ft, which remained unchanged at Rs 800 per sq.ft in the 2023 revision and continues at the same rate in the 2024 revision. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was an increase of 49%. However, the guideline value did not change from 2023 to 2024, resulting in a 0% change during that period. Overall, from 2017 to 2024, the guideline value increased by 49%.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value for the Metro Global City House site Scheme is above this median.

Stamp duty and registration fee for property in Metro Global City House site Scheme

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Metro Global City House site Scheme?

The Metro Global City House site Scheme falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Sriperumbudur A. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than the sale price alone.

When buying or selling property, the guideline value helps both parties understand the minimum value recognized by the government. This transparency is essential for a smooth transaction process and compliance with local regulations.

Frequently asked questions

What is the current guideline value for Metro Global City House site Scheme?

The current guideline value for the Metro Global City House site Scheme is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What is the median guideline value in Sriperumbudur A?

The median guideline value in Sriperumbudur A is Rs 700 per sq.ft, with the Metro Global City House site Scheme's value being above this median.

What are the stamp duty and registration fees for buying property here?

For a 1,000 sq.ft plot at the guideline value of Rs 800 per sq.ft, the total guideline value is Rs 8,00,000. The stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office covering the Metro Global City House site Scheme is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.