Guideline Value for SRI MARI AMMAN NAGAR

Sri Mari Amman Nagar guideline value

The current guideline value of Sri Mari Amman Nagar is Rs 405 per sq.ft, effective from 1 July 2024. This area is located in Melavalam village, under the Madurandakam Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - II.

How the guideline value of Sri Mari Amman Nagar has changed

According to the guideline value register, there have been no figures recorded for Sri Mari Amman Nagar in the revisions from 2002, 2003, 2007, 2012, and 2017. The 2023 revision also listed the guideline value at Rs 405 per sq.ft, which remained unchanged in the 2024 revision.

From 2023 to 2024, the guideline value saw no percentage change, maintaining the figure at Rs 405 per sq.ft. Thus, the value has remained consistent over the last two revisions.

Guideline values in Melavalam

In Melavalam, there are 20 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 1,000 per sq.ft, with a median value of Rs 350 per sq.ft. Sri Mari Amman Nagar's 2024 figure is above this median.

• Saranya Nagar: Rs 250 per sq.ft (2024)
• R. R. Nagar: Rs 200 per sq.ft (2024)
• Ramya Reng & Ramya Ramaa: Rs 200 per sq.ft (2024)
• Vb Nagar: Rs 200 per sq.ft (2024)
• Venkatesan Nagar: Rs 400 per sq.ft (2024)
• VKS BEST CITY PHASE II @ Sakthi Nagar: Rs 405 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Mari Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 405 per sq.ft, the total guideline value amounts to Rs 4,05,000. The stamp duty, charged at 7%, would be Rs 28,350, and the registration fee at 2% would be Rs 8,100, bringing the total fees together to Rs 36,450. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Mari Amman Nagar?

Sri Mari Amman Nagar falls under the jurisdiction of the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial element in the property registration process in Melavalam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the baseline value of the property. It is essential for buyers to be aware of this value to ensure they are making informed decisions during the transaction.

Frequently asked questions

What is the current guideline value of Sri Mari Amman Nagar?

The current guideline value of Sri Mari Amman Nagar is Rs 405 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Mari Amman Nagar has remained unchanged at Rs 405 per sq.ft from 2023 to 2024. There are no recorded figures for the revisions from 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sri Mari Amman Nagar?

Sri Mari Amman Nagar is classified as Residential Class II Type - II. This classification influences the guideline value and the type of developments permitted in the area.

Which office handles registrations for properties in Sri Mari Amman Nagar?

The Madurandakam Sub Registrar Office handles property registrations for Sri Mari Amman Nagar. The office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sri Mari Amman Nagar?

Stamp duty for properties in Sri Mari Amman Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.