Guideline Value for MELCITRAPAKKAM ANNA STREET

Melcitrapakkam Anna Street guideline value

The current guideline value of Melcitrapakkam Anna Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Uthukottai village under the Oothukkottai SRO, classified as Residential Class IV Type - I.

How the guideline value of Melcitrapakkam Anna Street has changed

Over the years, the guideline value for Melcitrapakkam Anna Street has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which increased to Rs 67 per sq.ft in 2017. This was a decline of 33%. Following this, the value surged to Rs 200 per sq.ft in both the 2023 and 2024 revisions, marking a significant increase of 199% from 2017 to 2023. The overall change from 2012 to 2024 is an increase of 100%.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. The current guideline value of Rs 200 per sq.ft remains unchanged from the previous year, 2023.

Guideline values in Uthukottai

In Uthukottai, there are 120 streets under the Oothukkottai SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,000 per sq.ft, with a median value of Rs 500 per sq.ft. Melcitrapakkam Anna Street's current guideline value is below this median.

• Melcitrapakkam Annanagar Road Upto Kizhcitrapakkam Pumb Room: Rs 200 per sq.ft (2024)
• Melcitrapakkam Street: Rs 200 per sq.ft (2024)
• Melcitrapakkam Vinayagar Koil Street: Rs 200 per sq.ft (2024)
• Matha Mandapam Street: Rs 500 per sq.ft (2024)
• Muruga Ricemill Road: Rs 400 per sq.ft (2024)
• Madhakovil West Lane: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Melcitrapakkam Anna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total cost Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Melcitrapakkam Anna Street?

The Sub Registrar Office that covers Melcitrapakkam Anna Street is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Uthukottai. It serves as a benchmark for determining the minimum value at which properties must be registered, ensuring that the government receives appropriate revenue through stamp duties and registration fees.

When a property is sold, the buyer and seller must consider the guideline value, as it is used to calculate the applicable stamp duty and registration fees. This ensures transparency and helps in the proper valuation of properties within the locality.

Frequently asked questions

What is the current guideline value of Melcitrapakkam Anna Street?

The current guideline value of Melcitrapakkam Anna Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then to Rs 200 per sq.ft in 2023 and 2024. This represents a significant increase over the years.

What is the land classification for Melcitrapakkam Anna Street?

Melcitrapakkam Anna Street is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

What are the stamp duty rates applicable in Uthukottai?

The stamp duty rate in Uthukottai is set at 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Oothukkottai Sub Registrar Office?

The Oothukkottai Sub Registrar Office is located near the government hospital in Uthukottai, 602026, Chennai registration zone.