Guideline Value

Corporate

Guideline Value for SRI MEHAR BABA NAGAR

₹250/sq.ft.

The guideline value for Sri Mehar Baba Nagar in Anupampattu_2 village (Ponneri SRO, Chennai zone) is Rs 250 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a -17% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Anupampattu_2

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹250 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sri Mehar Baba Nagar

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Sri Mehar Baba Nagar guideline value

The current guideline value of Sri Mehar Baba Nagar, located in Anupampattu_2 village under the Ponneri SRO, is Rs 250 per sq.ft. This value is effective from the 2024 revision, which took place on 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sri Mehar Baba Nagar has changed

The guideline value for Sri Mehar Baba Nagar has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 201 per sq.ft. This increased to Rs 300 per sq.ft in the 2023 revision. However, in the latest 2024 revision, the guideline value decreased to Rs 250 per sq.ft, marking a decline of 17% from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 24%.

It is important to note that there are no recorded figures for this street in the revisions from 2002, 2003, 2007, and 2012. Therefore, the changes in value are only reflected from the revisions of 2017, 2023, and 2024.

Guideline values in Anupampattu_2

In Anupampattu_2, there are 35 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 500 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value of Sri Mehar Baba Nagar is equal to this median.

Stamp duty and registration fee for property in Sri Mehar Baba Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty, charged at 7%, would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, leading to a total of Rs 22,500. It is essential to note that duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Mehar Baba Nagar?

Sri Mehar Baba Nagar falls under the jurisdiction of the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Anupampattu_2

The guideline value is a crucial factor in the registration process of property transactions in Anupampattu_2. 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 a property is registered, the guideline value is used to calculate the applicable charges, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction. This value helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Sri Mehar Baba Nagar?

The current guideline value of Sri Mehar Baba Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then decreased to Rs 250 per sq.ft in 2024. This reflects a 49% increase from 2017 to 2023, followed by a 17% decrease in the subsequent year.

What is the land classification for Sri Mehar Baba Nagar?

Sri Mehar Baba Nagar is classified as Residential Class II Type - I. This classification indicates the type of development and usage permitted in the area.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles property registrations in the area.

How are stamp duty and registration fees calculated in Sri Mehar Baba Nagar?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 250 per sq.ft would incur a total guideline value of Rs 2,50,000, leading to specific fees based on this amount.