Guideline Value for Melamaiyur Colony
₹440/sq.ft.
The guideline value for Melamaiyur Colony in Melamaiyur village (Chengleput Joint I SRO, Chengalpattu zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Melamaiyur
Village
Chengleput Joint I
SRO
Residential Class IV Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹440 /sq.ft. |
| From 1-4-2023 | ₹400 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹268 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹400 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹166 /sq.ft. |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27423054
[email protected]
DRO (District Registrar Office)
No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]
Records for a plot on Melamaiyur Colony
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Chengleput Joint I sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Melamaiyur Colony guideline value
The current guideline value of Melamaiyur Colony, located in Melamaiyur village under the Chengleput Joint I SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class IV Type - I.
How the guideline value of Melamaiyur Colony has changed
The guideline value for Melamaiyur Colony has seen several revisions over the years. The 2007 revision set the value at Rs 166 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012, marking a 141% rise. However, from 2012 to 2017, the value decreased to Rs 268 per sq.ft, reflecting a 33% drop. The value then rose to Rs 400 per sq.ft in 2023, showing a 49% increase, and currently stands at Rs 440 per sq.ft from the 2024 revision, which is a 10% increase from the previous year.
It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 165%.
Guideline values in Melamaiyur
- Melamaiyur New Colony: Rs 1,322 per sq.ft (2024)
- Manogari Avenue: Rs 1,650 per sq.ft (2024)
- Manickam Nagar: Rs 825 per sq.ft (2024)
- Nandhagopal Nagar: Rs 1,322 per sq.ft (2024)
- Lakshmi Nagar: Rs 1,212 per sq.ft (2024)
- Lake Avenue: Rs 1,322 per sq.ft (2024)
Stamp duty and registration fee for property in Melamaiyur Colony
For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.
Which Sub Registrar Office covers Melamaiyur Colony?
The Chengleput Joint I Sub Registrar Office covers Melamaiyur Colony. The office is 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 Melamaiyur
The guideline value is a crucial factor in the registration process when buying or selling property in Melamaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.
When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the appropriate fees are collected based on the value of the property being transacted.
Frequently asked questions
What is the current guideline value of Melamaiyur Colony?
The current guideline value of Melamaiyur Colony is Rs 440 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 166 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 165% over the years.
What are the stamp duty and registration fees for properties in Melamaiyur Colony?
The stamp duty is 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For a property valued at Rs 4,40,000, the total fees would be Rs 39,600.
Which office handles registrations for Melamaiyur Colony?
The Chengleput Joint I Sub Registrar Office handles registrations for Melamaiyur Colony, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.
What is the land classification of Melamaiyur Colony?
Melamaiyur Colony is classified as Residential Class IV Type - I, indicating its suitability for residential development.
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