Guideline Value for Mel Pushkarani Street

Mel Pushkarani Street guideline value

The current guideline value of Mel Pushkarani Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Mel Pushkarani Street has changed

The guideline value for Mel Pushkarani Street has remained stable at Rs 700 per sq.ft since the 2023 revision, which also recorded the same value. Prior to that, in the 2017 revision, the guideline value was Rs 469 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

There are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street. Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 49%, remaining consistent at Rs 700 per sq.ft since 2023.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value is Rs 700 per sq.ft, which is equal to the current figure for Mel Pushkarani Street.

• Metro Global City House site Scheme: Rs 800 per sq.ft (2024)
• Metro Green Medows: Rs 1,350 per sq.ft (2024)
• Meenakshi Nagar: Rs 1,000 per sq.ft (2024)
• Matha Nagar: Rs 1,200 per sq.ft (2024)
• M G R Nagar: Rs 700 per sq.ft (2024)
• Mohan Avenue: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Mel Pushkarani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, while the registration fee at 2% would be Rs 14,000, resulting in a total of Rs 63,000. Please 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 further calculations.

Which Sub Registrar Office covers Mel Pushkarani Street?

The Sub Registrar Office that covers Mel Pushkarani Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Sriperumbudur A. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When a buyer or seller engages in a property transaction, the guideline value helps determine the official value of the property for legal and taxation purposes. This value is essential for both parties to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Mel Pushkarani Street?

The current guideline value of Mel Pushkarani Street is Rs 700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased by 49% from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2024. There was no change from 2023 to 2024.

What is the classification of Mel Pushkarani Street?

Mel Pushkarani Street is classified as Residential Class III Type - I according to the land classification system.

Where can I find the Sub Registrar Office for Mel Pushkarani Street?

The Sub Registrar Office for Mel Pushkarani Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sriperumbudur A?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. It is typically charged at a rate of 7% of the guideline value.