Guideline Value for Metro Green Grove House

Metro Green Grove House guideline value

The current guideline value of Metro Green Grove House in Siru Mathoor village is Rs 600 per sq.ft, effective from the 2024 revision. This property falls under the Sriperumpudur SRO and is classified as Residential Special Type - I.

How the guideline value of Metro Green Grove House has changed

Over the years, the guideline value for Metro Green Grove House has seen various revisions. The earliest recorded figure is from 2007, set at Rs 531 per sq.ft. This value changed to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017. The 2023 revision maintained the value at Rs 600 per sq.ft, and the current 2024 revision also remains at Rs 600 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a significant increase of 49%, while the value decreased by 33% from 2012 to 2017. The value increased by 13% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 13%.

Guideline values in Siru Mathoor

Siru Mathoor village has a total of 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 2,500 per sq.ft. The median value is Rs 600 per sq.ft, which is equal to the current guideline value of Metro Green Grove House.

• Mullai Nagar: Rs 600 per sq.ft (2024)
• Kundru Mettu Street: Rs 600 per sq.ft (2024)
• Kulakkarai street: Rs 600 per sq.ft (2024)
• Osuramman Koil street: Rs 600 per sq.ft (2024)
• Oviar Gramam: Rs 300 per sq.ft (2024)
• Padmavathy Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Metro Green Grove House

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Metro Green Grove House?

The Sub Registrar Office that covers Metro Green Grove House is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Siru Mathoor, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. The registration office uses this value to assess the appropriate fees, which are mandatory for completing the property transfer process.

Frequently asked questions

What is the current guideline value of Metro Green Grove House?

The current guideline value of Metro Green Grove House is Rs 600 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2023 and has seen fluctuations in previous years, including a decrease to Rs 402 per sq.ft in 2017 from Rs 600 in 2012.

What is the land classification for Metro Green Grove House?

Metro Green Grove House is classified as Residential Special Type - I, which indicates its intended use and development potential.

Where is the Sub Registrar Office for Metro Green Grove House located?

The Sub Registrar Office covering Metro Green Grove House is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for a property in Siru Mathoor?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 6,00,000, the stamp duty would be 7% of that amount.