Guideline Value for MUKAANIYAMMAN MELANDAI SRTEET

Mukaaniyamman Melandai Srteet guideline value

The current guideline value of Mukaaniyamman Melandai Srteet is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village, under the Walajabad SRO, classified as Residential Class IV Type - I.

How the guideline value of Mukaaniyamman Melandai Srteet has changed

Over the years, the guideline value for Mukaaniyamman Melandai Srteet has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 60 per sq.ft. This increased significantly to Rs 750 per sq.ft in 2012, marking a substantial rise of 1150%. However, it then decreased to Rs 502 per sq.ft in 2017, a drop of 33%. The value remained at Rs 750 per sq.ft in both 2023 and 2024, indicating no change between these two revisions.

There are no recorded figures for the years 2002 and 2003 for Mukaaniyamman Melandai Srteet. From 2017 to 2023, the guideline value increased by 49%, and overall, from 2007 to 2024, it has risen by 1150%.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft. The median value is Rs 750 per sq.ft, which is equal to the current guideline value of Mukaaniyamman Melandai Srteet.

• Muhamadiyar Street: Rs 750 per sq.ft (2024)
• Mukkiyamman Kovil St: Rs 750 per sq.ft (2024)
• Mugammathu Ibrahim Street: Rs 750 per sq.ft (2024)
• Munseep Narayana Swamy Srteet: Rs 750 per sq.ft (2024)
• Mg Thennamam Bank Extension III: Rs 750 per sq.ft (2024)
• Nadesa Iyer Street: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Mukaaniyamman Melandai Srteet

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty, calculated at 7%, would amount to Rs 52,500, while the registration fee at 2% would be Rs 15,000. Therefore, the total cost for stamp duty and registration would be Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mukaaniyamman Melandai Srteet?

The Mukaaniyamman Melandai Srteet is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Walajabad. It is used to determine the stamp duty and registration fees that buyers and sellers must pay at the time of registration. The guideline value is set by the Registration Department and reflects the market conditions and property classifications in the area.

When a property is bought or sold, the guideline value is referenced to ensure that the appropriate fees are collected. This helps maintain transparency and consistency in property transactions within the jurisdiction of the Walajabad SRO.

Frequently asked questions

What is the current guideline value of Mukaaniyamman Melandai Srteet?

The current guideline value of Mukaaniyamman Melandai Srteet is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 60 per sq.ft in 2007 to Rs 750 per sq.ft in 2012, then decreased to Rs 502 per sq.ft in 2017, and remained at Rs 750 per sq.ft in both 2023 and 2024.

Which Sub Registrar Office covers Mukaaniyamman Melandai Srteet?

Mukaaniyamman Melandai Srteet is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 and the registration fee would be Rs 15,000, totaling Rs 67,500. Duty is charged on the higher of the guideline value or the sale price.

What is the land classification for Mukaaniyamman Melandai Srteet?

The land classification for Mukaaniyamman Melandai Srteet is Residential Class IV Type - I, indicating its suitability for residential purposes.