Guideline Value for MELROASAPURAM

Melroasapuram guideline value

The current guideline value of Melroasapuram is Rs 660 per sq.ft, effective from 1 July 2024. This village falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Melroasapuram has changed

The guideline value for Melroasapuram has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 600 per sq.ft, and the most recent 2024 revision has raised it to Rs 660 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows a slight increase of 10% in the guideline value.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO carrying a 2024 guideline value ranging from Rs 385 to Rs 3,300 per sq.ft. The median value is Rs 660 per sq.ft, which is equal to the guideline value of Melroasapuram.

• Mg M Thiagarajapuram Phase -3: Rs 660 per sq.ft (2024)
• Mgm Thiyagarajapuram Stage -IV: Rs 660 per sq.ft (2024)
• Marundeeswarar Avenue: Rs 590 per sq.ft (2024)
• Malai Koil Street: Rs 550 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 550 per sq.ft (2024)
• Lss Vasantham Avenue: Rs 1,843 per sq.ft (2024)

Stamp duty and registration fee for property in Melroasapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Melroasapuram?

The Sub Registrar Office that covers Melroasapuram is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thirukkachur - 1

The guideline value is a crucial factor in property transactions in Thirukkachur - 1, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

At the time of registration, the guideline value serves as a benchmark for the transaction price. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Melroasapuram?

The current guideline value of Melroasapuram is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification of Melroasapuram?

Melroasapuram is classified as Residential Class I Type - I, which indicates its suitability for residential development.

What are the other streets with the same guideline value in Thirukkachur - 1?

Other streets in Thirukkachur - 1 with the same guideline value of Rs 660 per sq.ft include Mg M Thiagarajapuram Phase -3 and Mgm Thiyagarajapuram Stage -IV.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.