Guideline Value for MEETPAR CHURCH ROAD

Meetpar Church Road guideline value

The current guideline value of Meetpar Church Road is Rs 3,900 per sq.ft, effective from 1 July 2024. This road is located in Palavakkam village under the Neelankarai SRO, classified as Residential Class II Type - I.

How the guideline value of Meetpar Church Road has changed

The guideline value for Meetpar Church Road has seen significant changes over the years. In 2007, the value was Rs 700 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012. However, there was a decrease to Rs 2,345 per sq.ft in 2017. The value then rose sharply to Rs 3,500 per sq.ft in 2023, and currently stands at Rs 3,900 per sq.ft as of the 2024 revision. The changes from 2007 to 2024 reflect an overall increase of 457%.

From 2012 to 2017, there was a decrease of 33%, while the increase from 2017 to 2023 was 49%. The most notable rise occurred from 2007 to 2012, with a staggering increase of 400%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Palavakkam

In Palavakkam, there are 349 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value is Rs 3,300 per sq.ft, placing Meetpar Church Road's 2024 figure above this median.

• Meetpar Church 1st Cross Road: Rs 3,900 per sq.ft (2024)
• Meetpar Chruch 1st Street: Rs 3,900 per sq.ft (2024)
• Mayor Stalin Street: Rs 2,800 per sq.ft (2024)
• Masilamani Naicker Street: Rs 2,800 per sq.ft (2024)
• M.G.R.Nagar (Canal Road): Rs 2,200 per sq.ft (2024)
• M.G.R.Road: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Meetpar Church Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value is Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Meetpar Church Road?

The Sub Registrar Office that covers Meetpar Church Road is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Palavakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Meetpar Church Road?

The current guideline value of Meetpar Church Road is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 700 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 457%.

What is the land classification for Meetpar Church Road?

Meetpar Church Road is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property on Meetpar Church Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000.

Which Sub Registrar Office covers this area?

The Neelankarai Sub Registrar Office covers Meetpar Church Road, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.