Guideline Value for mecca nagar

Mecca Nagar guideline value

The current guideline value of Mecca Nagar, located in Irunkattukottai village under the Sriperumpudur SRO, is Rs 600 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Mecca Nagar has changed

The guideline value of Mecca Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 600 per sq.ft in the 2023 revision, reflecting a 49% rise. The current value remains the same as the previous revision, showing no change from 2023 to 2024.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 600 per sq.ft.

Guideline values in Irunkattukottai

In Irunkattukottai, there are 56 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 250 to Rs 1,250 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, positioning Mecca Nagar's 2024 figure above this median.

• Meenakshi Amman Nagar: Rs 600 per sq.ft (2024)
• Marvel Shire Nagar: Rs 800 per sq.ft (2024)
• M.G.R.Street: Rs 250 per sq.ft (2024)
• Madhavan Nagar: Rs 400 per sq.ft (2024)
• Lakshmi Nagar: Rs 500 per sq.ft (2024)
• Nehru Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Mecca Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total cost for these fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mecca Nagar?

The Sub Registrar Office that covers Mecca Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Irunkattukottai, the guideline value is a crucial factor in determining the registration fees and stamp duty. It serves as a benchmark for the value of the property, ensuring that the fees are calculated based on an official rate rather than the sale price alone.

The guideline value is used during the registration process at the Sub Registrar Office, where it helps to establish the legal value of the property being transferred. This ensures transparency and helps in maintaining a standardized process for property transactions.

Frequently asked questions

What is the current guideline value of Mecca Nagar?

The current guideline value of Mecca Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2012, with a decrease to Rs 402 per sq.ft in 2017, followed by a return to Rs 600 per sq.ft in 2023. There has been no change from 2023 to 2024.

What are the other streets in Irunkattukottai and their guideline values?

Other streets in Irunkattukottai include Meenakshi Amman Nagar and Nehru Street, both at Rs 600 per sq.ft, Marvel Shire Nagar at Rs 800 per sq.ft, Lakshmi Nagar at Rs 500 per sq.ft, Madhavan Nagar at Rs 400 per sq.ft, and M.G.R.Street at Rs 250 per sq.ft for 2024.

What is the stamp duty rate for property in Mecca Nagar?

The stamp duty rate for property in Mecca Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Mecca Nagar located?

The Sub Registrar Office for Mecca Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.