Guideline Value for S.M.MAJESTIC GARDEN

S.M.Majestic Garden guideline value

The current guideline value of S.M.Majestic Garden is Rs 2,687 per sq.ft. This property is located in Melakottyur village, under the Gooduvancheri SRO, and is classified as Mixed Special Type - II.

How the guideline value of S.M.Majestic Garden has changed

The guideline value for S.M.Majestic Garden has seen significant changes over the years. In the 2017 revision, the guideline value was set at Rs 1,800 per sq.ft. This figure was revised to Rs 2,687 per sq.ft in 2023, marking an increase of 49% from the previous revision.

There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street. The only available revisions are from 2017 and 2023.

Guideline values in Melakottyur

Currently, there are no village figures provided for Melakottyur. S.M.Majestic Garden is a notable property within this area. However, there are no other streets in Melakottyur under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in S.M.Majestic Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,687 per sq.ft, the total guideline value would be Rs 26,87,000. The stamp duty at 7% would amount to Rs 1,88,090, and the registration fee at 2% would be Rs 53,740. Together, the total fees would come to Rs 2,41,830. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers S.M.Majestic Garden?

The Sub Registrar Office that covers S.M.Majestic Garden is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Melakottyur. It is used to determine the stamp duty and registration fees that are applicable when registering a property. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the registration fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of S.M.Majestic Garden?

The current guideline value of S.M.Majestic Garden is Rs 2,687 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,800 per sq.ft to Rs 2,687 per sq.ft in 2023, which is a change of 49%.

Are there any guideline value figures for 2024 or previous years?

The register does not have figures for the revisions in 2024, 2012, 2007, 2003, and 2002 for S.M.Majestic Garden.

What are the stamp duty and registration fees for a property in S.M.Majestic Garden?

The stamp duty for a property in S.M.Majestic Garden is 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 26,87,000, the total fees would amount to Rs 2,41,830.

Which office handles the registration for S.M.Majestic Garden?

The Gooduvancheri Sub Registrar Office is responsible for handling registrations for S.M.Majestic Garden, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.