Guideline Value for SARE REALTY PROJECT NAMELY MEADOWVILLE

Sare Realty Project Namely Meadowville guideline value

The current guideline value for Sare Realty Project Namely Meadowville is Rs 600 per sq.ft. This project is located in Kolathur village under the Chengleput Joint II SRO, classified as Residential Special Type - I.

How the guideline value of Sare Realty Project Namely Meadowville has changed

The guideline value for Sare Realty Project Namely Meadowville has remained consistent at Rs 600 per sq.ft since the 2023 revision. The 2024 revision, effective from 1 July 2024, also maintains this figure, indicating no change from the previous year.

Prior to the 2023 revision, the register has no figure for this street from the years 2017, 2012, 2007, 2003, and 2002. Therefore, the guideline value has been stable at Rs 600 per sq.ft for the last two revisions.

Guideline values in Kolathur

In Kolathur, there are 58 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 1,600 per sq.ft. The median guideline value is Rs 600 per sq.ft, which is equal to the current value for Sare Realty Project Namely Meadowville.

• Sath Guru Garden (Avenue): Rs 600 per sq.ft (2024)
• Shenaha Garden: Rs 600 per sq.ft (2024)
• Rathis Amaravathi: Rs 600 per sq.ft (2024)
• Sree Selva Ganapathy Nagar: Rs 600 per sq.ft (2024)
• Raj Nagar: Rs 700 per sq.ft (2024)
• Sri Dhivakar Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sare Realty Project Namely Meadowville

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the 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, totaling Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sare Realty Project Namely Meadowville?

The Sare Realty Project Namely Meadowville falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Kolathur. It is used to determine the stamp duty and registration fees applicable during the transaction, ensuring that these costs are calculated based on a standardized value.

When registering a property, buyers and sellers must consider the guideline value as it affects the overall cost of the transaction. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Sare Realty Project Namely Meadowville?

The current guideline value for Sare Realty Project Namely Meadowville is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 600 per sq.ft since the 2023 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the guideline values for other streets in Kolathur?

Other streets in Kolathur have varying guideline values. For instance, Sath Guru Garden (Avenue), Shenaha Garden, Rathis Amaravathi, Sree Selva Ganapathy Nagar, and Sri Dhivakar Nagar all have a guideline value of Rs 600 per sq.ft in 2024, while Raj Nagar has a value of Rs 700 per sq.ft.

How is stamp duty calculated for properties in Kolathur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 at a rate of 7%.

Where can I find the Sub Registrar Office for Kolathur?

The Sub Registrar Office for Kolathur is the Chengleput Joint II SRO, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the appropriate link.