Guideline Value for Sameera IT Residency

Sameera IT Residency guideline value

The current guideline value of Sameera IT Residency is Rs 1,300 per sq.ft. It is located in Melakottyur village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Sameera IT Residency has changed

In the 2012 revision, the guideline value was set at Rs 1,300 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 871 per sq.ft. Following this, the 2023 revision increased the guideline value back to Rs 1,300 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. Overall, comparing the figures from 2012 to 2023 shows no change in the guideline value.

Guideline values in Melakottyur

Currently, there are no specific village figures available for Melakottyur. The Sameera IT Residency is situated within this village, and there are no other streets in Melakottyur under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in Sameera IT Residency

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total charges Rs 1,17,000. Duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sameera IT Residency?

The Gooduvancheri Sub Registrar Office covers Sameera IT Residency. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, 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 Melakottyur

The guideline value is a crucial factor in property transactions in Melakottyur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, which are mandatory for the registration process.

Frequently asked questions

What is the current guideline value of Sameera IT Residency?

The current guideline value of Sameera IT Residency is Rs 1,300 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen various changes, with a notable decrease from Rs 1,300 per sq.ft in 2012 to Rs 871 per sq.ft in 2017, followed by an increase back to Rs 1,300 per sq.ft in 2023.

What are the stamp duty and registration fees for property in Sameera IT Residency?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value. For a 1,000 sq.ft plot at the current rate, the total charges would be Rs 1,17,000.

Which Sub Registrar Office covers Sameera IT Residency?

The Gooduvancheri Sub Registrar Office covers Sameera IT Residency, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there other streets in Melakottyur with guideline values?

Currently, there are no other streets in Melakottyur listed under the Gooduvancheri SRO with specific guideline values.