Guideline Value for MELMARUVATHUR HIGHWAY CITY

Melmaruvathur Highway City guideline value

The current guideline value of Melmaruvathur Highway City is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under Irumpuli village and is registered with the Acchirapakkam SRO. The land classification for this region is Residential Special Type - I.

How the guideline value of Melmaruvathur Highway City has changed

The guideline value for Melmaruvathur Highway City has remained consistent at Rs 250 per sq.ft since the 2023 revision. The 2024 revision, effective from 1 July 2024, also maintains this figure, indicating no change from the previous year.

Prior revisions do not have figures available for this street. The register has no figure for the years 2017, 2012, 2007, 2003, and 2002, which means the only available figures are from 2023 and 2024.

Guideline values in Irumpuli

In Irumpuli, there are 12 streets under the Acchirapakkam SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 450 per sq.ft, with a median value of Rs 402 per sq.ft. The guideline value for Melmaruvathur Highway City is below this median.

• Maha Sri Township Manaipirivu -I: Rs 250 per sq.ft (2024)
• Venkatesh Kumar Nagar Phase I: Rs 450 per sq.ft (2024)
• Venkatesh Kumar Nagar Phase II: Rs 450 per sq.ft (2024)
• Venkatesh Kumar Nagar Phase III: Rs 450 per sq.ft (2024)
• Bgr Breeze Garden: Rs 402 per sq.ft (2024)
• Major Mukundhan Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Melmaruvathur Highway City

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty is charged at 7%, which totals Rs 17,500, and the registration fee at 2% amounts to Rs 5,000. Together, the total fees come to Rs 22,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Melmaruvathur Highway City?

The Sub Registrar Office that covers Melmaruvathur Highway City is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.

You can find your SRO for further assistance.

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

The guideline value is a crucial factor during property registration in Irumpuli. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold, ensuring that the transaction is officially recorded.

When buyers and sellers engage in a property transaction, the guideline value helps establish a baseline for the sale price. This ensures that the government receives the appropriate taxes based on the property's registered value.

Frequently asked questions

What is the current guideline value of Melmaruvathur Highway City?

The current guideline value of Melmaruvathur Highway City is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft for both 2023 and 2024 revisions. There are no figures available for the revisions from 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Melmaruvathur Highway City?

The land classification for Melmaruvathur Highway City is Residential Special Type - I. This classification impacts the guideline value and the types of properties permitted in the area.

How is the stamp duty calculated in Melmaruvathur Highway City?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at 7%.

Where can I find the Sub Registrar Office for Melmaruvathur Highway City?

The Sub Registrar Office for Melmaruvathur Highway City is located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find more information by using the provided link.