Guideline Value for Metro Green Medows

Metro Green Medows guideline value

The current guideline value of Metro Green Medows is Rs 1,350 per sq.ft, effective from 1 July 2024. This property is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Special Type - IV.

How the guideline value of Metro Green Medows has changed

The guideline value for Metro Green Medows has seen several revisions over the years. In the 2017 revision, the value was set at Rs 904 per sq.ft. This was followed by the 2023 revision, which maintained the value at Rs 1,350 per sq.ft. The most recent 2024 revision also holds the value at Rs 1,350 per sq.ft, indicating no change from the previous year. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the value has also risen by 49%, reflecting a significant change since the last recorded figure in 2017.

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 Metro Green Medows is above this median.

• Metro Global City House site Scheme: Rs 800 per sq.ft (2024)
• Mel Pushkarani Street: Rs 700 per sq.ft (2024)
• Meenakshi Nagar: Rs 1,000 per sq.ft (2024)
• Matha Nagar: Rs 1,200 per sq.ft (2024)
• M G R Nagar: Rs 700 per sq.ft (2024)
• Mohan Avenue: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Metro Green Medows

For a 1,000 sq.ft plot at the current guideline value of Rs 1,350 per sq.ft, the total guideline value would be Rs 13,50,000. The stamp duty at 7% would amount to Rs 94,500, and the registration fee at 2% would be Rs 27,000, making the total cost for these fees Rs 1,21,500. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Metro Green Medows?

The Sub Registrar Office that covers Metro Green Medows is 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 crucial factor in the registration process of property transactions in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for both the buyer and the seller. This value is used to calculate the applicable taxes and fees, ensuring transparency in property dealings.

Frequently asked questions

What is the current guideline value of Metro Green Medows?

The current guideline value of Metro Green Medows is Rs 1,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,350 per sq.ft since the 2023 revision. It increased from Rs 904 per sq.ft in 2017 to Rs 1,350 per sq.ft in both the 2023 and 2024 revisions.

What is the land classification for Metro Green Medows?

Metro Green Medows is classified as Residential Special Type - IV, indicating its designated use for residential purposes.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 13,50,000. The stamp duty at 7% would be Rs 94,500, and the registration fee at 2% would be Rs 27,000, totaling Rs 1,21,500.

Where is the Sub Registrar Office for Metro Green Medows located?

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