Guideline Value for Serene Meadows

Serene Meadows guideline value

The current guideline value of Serene Meadows, located in Melakottyur village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft as per the 2023 revision. The land classification for this area is Residential Special Type - III.

How the guideline value of Serene Meadows has changed

In the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft, marking a decline of 33%. However, from 2017 to the 2023 revision, the guideline value increased by 49% to reach the current rate of Rs 1,000 per sq.ft.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained the same at Rs 1,000 per sq.ft. The register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Melakottyur

Currently, there are no specific village figures available for Melakottyur. The guideline value of Serene Meadows is Rs 1,000 per sq.ft. There are no other streets in Melakottyur under the Gooduvancheri SRO provided in the data.

Stamp duty and registration fee for property in Serene Meadows

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Serene Meadows?

The Sub Registrar Office that covers Serene Meadows is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-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 is a crucial factor when registering property transactions in Melakottyur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers. It helps in assessing the value of the property and ensures transparency in the registration process.

Frequently asked questions

What is the current guideline value of Serene Meadows?

The current guideline value of Serene Meadows is Rs 1,000 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

From the 2012 revision to the 2017 revision, the guideline value decreased from Rs 1,000 per sq.ft to Rs 670 per sq.ft. However, it increased back to Rs 1,000 per sq.ft in the 2023 revision, resulting in no overall change from 2012 to 2023.

What are the stamp duty and registration fees for property in Serene Meadows?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Serene Meadows?

The Sub Registrar Office for Serene Meadows is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there other streets in Melakottyur with guideline values?

Currently, there are no other streets in Melakottyur under the Gooduvancheri SRO provided in the data. Therefore, the guideline value for Serene Meadows stands alone at Rs 1,000 per sq.ft.