Guideline Value for Mela theru

Mela theru guideline value

The current guideline value of Mela theru in Karasangal village is Rs 103 per sq.ft, effective from 1 July 2024. This area falls under the Acchirapakkam SRO and is classified as Residential Class I Type - I.

How the guideline value of Mela theru has changed

The guideline value of Mela theru has undergone significant changes over the years. The earliest recorded figure in the register dates back to 2017, where it was set at Rs 27 per sq.ft. This figure rose to Rs 100 per sq.ft in 2023, marking a substantial increase of 270%. The most recent revision in 2024 has further increased the guideline value to Rs 103 per sq.ft, reflecting a 3% rise from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 281%.

Guideline values in Karasangal

In Karasangal, there are 16 streets under the Acchirapakkam SRO that carry a 2024 guideline value ranging from Rs 103 to Rs 115 per sq.ft, with the median being Rs 103 per sq.ft. Mela theru's 2024 figure aligns with this median.

• Nadu Attrankarai Street: Rs 103 per sq.ft (2024)
• Nadu Street: Rs 103 per sq.ft (2024)
• Little India: Rs 115 per sq.ft (2024)
• Kudiyana Street: Rs 103 per sq.ft (2024)
• Kela Attrankarai Street: Rs 103 per sq.ft (2024)
• Keela Street: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Mela theru

For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value would be Rs 1,03,000. The stamp duty at 7% would amount to Rs 7,210, and the registration fee at 2% would be Rs 2,060, making the total fees together Rs 9,270. 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 Mela theru?

The Mela theru area is covered by the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Karasangal. It is used to determine the stamp duty and registration fees payable when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the transaction reflects the official valuation of the property. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Mela theru?

The current guideline value of Mela theru is Rs 103 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 27 per sq.ft to Rs 103 per sq.ft in 2024, marking an overall increase of 281%.

What are the stamp duty and registration fees for property in Mela theru?

For a property valued at Rs 1,03,000, the stamp duty would be Rs 7,210, and the registration fee would be Rs 2,060, totaling Rs 9,270.

Which Sub Registrar Office covers Mela theru?

The Acchirapakkam Sub Registrar Office covers Mela theru, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.

What is the land classification for Mela theru?

Mela theru is classified as Residential Class I Type - I, indicating its suitability for residential development.