Guideline Value for TOP CITY PHASE-I

Top City Phase-I guideline value

The current guideline value of Top City Phase-I is Rs 1,000 per sq.ft. This property is located in Melakottyur village under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Top City Phase-I has changed

The guideline value for Top City Phase-I has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 670 per sq.ft. However, in the 2023 revision, the guideline value increased to Rs 1,000 per sq.ft again.

From the 2017 to 2023 revision, there was an increase of 49%. The change from 2012 to 2017 represented a decrease of 33%. Overall, from 2012 to 2023, the guideline value has remained the same, showing a net change of +0%.

Guideline values in Melakottyur

Currently, there are no specific village figures available for Melakottyur. The guideline value for Top City Phase-I is Rs 1,000 per sq.ft. There are no other streets in Melakottyur under the Gooduvancheri SRO provided.

Stamp duty and registration fee for property in Top City Phase-I

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, totaling 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 Top City Phase-I?

The Sub Registrar Office that covers Top City Phase-I is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-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 an essential factor in the registration process when buying or selling property in Melakottyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the duty is calculated based on the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Top City Phase-I?

The current guideline value of Top City Phase-I is Rs 1,000 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017. It then increased back to Rs 1,000 per sq.ft in the 2023 revision.

What is the land classification for Top City Phase-I?

The land classification for Top City Phase-I is Residential Special Type - III.

What are the stamp duty and registration fees for property in Top City Phase-I?

For a 1,000 sq.ft plot valued at Rs 10,00,000, the stamp duty is Rs 70,000 and the registration fee is Rs 20,000, totaling Rs 90,000.

Where is the Sub Registrar Office for Top City Phase-I located?

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