Guideline Value for Melandai Street

Melandai Street guideline value

The current guideline value of Melandai Street in Thirupanthiyoor village is Rs 250 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class III Type - I.

How the guideline value of Melandai Street has changed

The guideline value for Melandai Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 250 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 167 per sq.ft, marking a reduction of 33%. However, by the 2023 revision, the value increased by 50% to Rs 250 per sq.ft, which was maintained in the 2024 revision, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Melandai Street. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 250 per sq.ft.

Guideline values in Thirupanthiyoor

In Thirupanthiyoor, there are 53 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 200 to Rs 900 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value of Melandai Street is below this median.

• Mettu Street: Rs 250 per sq.ft (2024)
• MathaKovil Street: Rs 400 per sq.ft (2024)
• Naddu street: Rs 400 per sq.ft (2024)
• Madha nagar: Rs 450 per sq.ft (2024)
• Lourdhu Nagar: Rs 350 per sq.ft (2024)
• Narayana Nagar Phase-II: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Melandai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees together to Rs 22,500. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Melandai Street?

The Sub Registrar Office that covers Melandai Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property in Thirupanthiyoor. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property in the area.

When a property transaction occurs, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Melandai Street?

The current guideline value of Melandai Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since 2012, with a decrease to Rs 167 per sq.ft in 2017 and then returning to Rs 250 per sq.ft in 2023 and 2024.

What is the land classification for Melandai Street?

Melandai Street is classified as Residential Class III Type - I under the Sunguvarchattram SRO.

What are the stamp duty and registration fees for property in Melandai Street?

For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500, and the registration fee would be Rs 5,000, totaling Rs 22,500.

Where can I find the Sub Registrar Office for Melandai Street?

The Sub Registrar Office for Melandai Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.