Guideline Value

Corporate

Guideline Value for Green Land Avenue

₹1322/sq.ft.

The guideline value for Green Land Avenue in Melamaiyur village (Chengleput Joint I SRO, Chengalpattu zone) is Rs 1322 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Melamaiyur

Village

Chengleput Joint I

SRO

Mixed Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1322 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹333 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27423054
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Green Land Avenue

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Green Land Avenue guideline value

The current guideline value of Green Land Avenue, located in Melamaiyur village under the Chengleput Joint I SRO, is Rs 1,322 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - II.

How the guideline value of Green Land Avenue has changed

The guideline value for Green Land Avenue has seen several revisions over the years. In 2007, the value was Rs 333 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, this figure dropped to Rs 1,005 per sq.ft in 2017. From 2017 to 2023, there was a notable increase of 19%, bringing the value to Rs 1,200 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 1,322 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 297%.

Guideline values in Melamaiyur

In Melamaiyur, there are 37 streets under the Chengleput Joint I SRO with guideline values ranging from Rs 440 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 1,212 per sq.ft, placing Green Land Avenue's 2024 figure above this median.

Stamp duty and registration fee for property in Green Land Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,322 per sq.ft, the total guideline value amounts to Rs 13,22,000. The stamp duty at 7% would be Rs 92,540, and the registration fee at 2% would be Rs 26,440, resulting in a total of Rs 1,18,980. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Green Land Avenue?

The Sub Registrar Office that covers Green Land Avenue is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Melamaiyur, the guideline value serves as a benchmark for determining the stamp duty and registration fees. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations during the registration process.

The guideline value is also used to assess the property’s worth for taxation purposes. Buyers should consider this value when negotiating sale prices, as it directly influences the financial obligations related to property transactions.

Frequently asked questions

What is the current guideline value of Green Land Avenue?

The current guideline value of Green Land Avenue is Rs 1,322 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 333 per sq.ft in 2007 to Rs 1,322 per sq.ft in 2024, marking a total increase of 297% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 13,22,000, the stamp duty would be Rs 92,540 and the registration fee would be Rs 26,440, totaling Rs 1,18,980.

Which office is responsible for property registration in Melamaiyur?

The Chengleput Joint I Sub Registrar Office is responsible for property registration in Melamaiyur, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How does the guideline value impact property transactions?

The guideline value impacts property transactions by determining the stamp duty and registration fees that buyers must pay. It is also used as a reference point for assessing property worth during negotiations.