Guideline Value for mecca nagar

Mecca Nagar guideline value

The current guideline value of Mecca Nagar is Rs 600 per sq.ft. This street is located in Irunkattukottai_B village, under the Sriperumpudur SRO, classified as Residential Class I Type - I.

How the guideline value of Mecca Nagar has changed

In the 2017 revision, the guideline value was Rs 402 per sq.ft. This value remained unchanged at Rs 600 per sq.ft in the 2023 revision and continues to be Rs 600 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was an increase of 49%. The overall change from 2017 to 2024 also reflects a 49% increase, as the guideline value has remained the same since 2023.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,200 per sq.ft. The median value for these streets is Rs 400 per sq.ft, making 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 rate, the guideline value is 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, totaling Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

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_B

The guideline value is a significant factor during property registration in Irunkattukottai_B. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from 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 of Mecca Nagar has remained at Rs 600 per sq.ft since 2023, with a 49% increase from Rs 402 per sq.ft in 2017.

What is the land classification of Mecca Nagar?

Mecca Nagar is classified as Residential Class I Type - I under the Sriperumpudur SRO.

What are the other streets in Irunkattukottai_B?

Other streets in Irunkattukottai_B include Meenakshi Amman Nagar, Marvel Shire Nagar, M.G.R.Street, Madhavan Nagar, Lakshmi Nagar, and Nehru Street, with varying guideline values.

Where can I find the Sub Registrar Office for Mecca Nagar?

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