Guideline Value for MELCITRAPAKKAM STREET

Melcitrapakkam Street guideline value

The current guideline value of Melcitrapakkam Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Uthukottai village and falls under the Oothukkottai SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Melcitrapakkam Street has changed

Looking at the historical revisions, the guideline value for Melcitrapakkam Street was Rs 100 per sq.ft in 2012. This increased to Rs 67 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase to Rs 200 per sq.ft, which is a rise of 199%. The 2024 revision also holds the value at Rs 200 per sq.ft, indicating no change from the previous year.

The guideline value register does not contain figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 100%.

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 Street's 2024 figure is below this median.

• Melcitrapakkam Anna Street: Rs 200 per sq.ft (2024)
• Melcitrapakkam Vinayagar Koil Street: Rs 200 per sq.ft (2024)
• Melcitrapakkam Annanagar Road Upto Kizhcitrapakkam Pumb Room: 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 Street

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the 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, totaling 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 details.

Which Sub Registrar Office covers Melcitrapakkam Street?

The Sub Registrar Office that covers Melcitrapakkam 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 during the registration of property transactions in Uthukottai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller engages in a transaction, the guideline value is referenced to ensure that the correct fees are calculated based on the higher of the guideline value or the actual sale price. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Melcitrapakkam Street?

The current guideline value of Melcitrapakkam 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 200 per sq.ft in 2024, reflecting an overall increase of 100% over the period.

What is the land classification for Melcitrapakkam Street?

The land classification for Melcitrapakkam Street is Residential Class IV Type - I.

Where is the Sub Registrar Office located?

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

How is stamp duty calculated for properties in Uthukottai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at a rate of 7%.