Guideline Value for MELCITRAPAKKAM ANNANAGAR ROAD UPTO KIZHCITRAPAKKAM PUMB ROOM

Melcitrapakkam Annanagar Road Upto Kizhcitrapakkam Pumb Room guideline value

The current guideline value for Melcitrapakkam Annanagar Road Upto Kizhcitrapakkam Pumb Room is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Uthukottai village and falls under the Oothukkottai SRO. The land classification is Residential Class IV Type - I.

How the guideline value of Melcitrapakkam Annanagar Road Upto Kizhcitrapakkam Pumb Room has changed

The guideline value for this street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 200 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the value was Rs 67 per sq.ft, reflecting a significant increase of 199% from 2017 to 2023. The 2012 revision had set the value at Rs 100 per sq.ft, marking a decrease of 33% to the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 100%.

The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Uthukottai

In Uthukottai, there are 120 streets under the Oothukkottai SRO that carry a guideline value for 2024, ranging from Rs 200 to Rs 1,000 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value for Melcitrapakkam Annanagar Road Upto Kizhcitrapakkam Pumb Room is below this median.

• Melcitrapakkam Anna Street: 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 Annanagar Road Upto Kizhcitrapakkam Pumb Room

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to 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 also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Melcitrapakkam Annanagar Road Upto Kizhcitrapakkam Pumb Room?

The Sub Registrar Office that covers Melcitrapakkam Annanagar Road Upto Kizhcitrapakkam Pumb Room 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 is a crucial factor when registering property transactions in Uthukottai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When you buy or sell property, the guideline value is compared to the sale price, and the higher of the two figures is used to calculate the applicable stamp duty and registration fees. This process helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value for Melcitrapakkam Annanagar Road Upto Kizhcitrapakkam Pumb Room?

The current guideline value for Melcitrapakkam Annanagar Road Upto Kizhcitrapakkam Pumb Room 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 200 per sq.ft in 2024. There was a significant increase of 199% from the 2017 value of Rs 67 per sq.ft to the 2023 value, which remained at Rs 200 per sq.ft.

What is the land classification for this area?

The land classification for Melcitrapakkam Annanagar Road Upto Kizhcitrapakkam Pumb Room is Residential Class IV Type - I.

What is the registration office for this area?

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

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, a property valued at Rs 2,00,000 would incur a stamp duty of Rs 14,000 at 7% and a registration fee of Rs 4,000 at 2%, totaling Rs 18,000.