Guideline Value for MELCITRAPAKKAM VINAYAGAR KOIL STREET

Melcitrapakkam Vinayagar Koil Street guideline value

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

How the guideline value of Melcitrapakkam Vinayagar Koil Street has changed

In the 2012 revision, the guideline value was set at Rs 100 per sq.ft. This increased to Rs 67 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 200 per sq.ft, reflecting an increase of 199%. The guideline value remained unchanged at Rs 200 per sq.ft from the 2023 revision to the 2024 revision.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 100%. It is important to note that there are no figures available 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 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 Vinayagar Koil Street's value is below this median.

• Melcitrapakkam Street: Rs 200 per sq.ft (2024)
• Melcitrapakkam Anna 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 Vinayagar Koil Street

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 costs to Rs 18,000. It is important to 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 details.

Which Sub Registrar Office covers Melcitrapakkam Vinayagar Koil Street?

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

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

The guideline value plays a crucial role in property transactions in Uthukottai, as it is used to determine the stamp duty and registration fees payable during the registration process. Buyers and sellers should be aware that the guideline value is set by the government and can vary by location.

When a property is sold, the registration office uses the guideline value to calculate the applicable fees. It is essential for both parties to understand that the fees are based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Melcitrapakkam Vinayagar Koil Street?

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

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 100 per sq.ft to Rs 200 per sq.ft in 2024, with significant changes occurring in 2017 and 2023.

What is the land classification for this street?

Melcitrapakkam Vinayagar Koil Street is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Melcitrapakkam Vinayagar Koil Street is the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone.

How is the stamp duty calculated for properties in Uthukottai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.