Guideline Value for Melandai Vedhi

Melandai Vedhi guideline value

The current guideline value of Melandai Vedhi is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Mudhukoor village, under the Sunguvarchattram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Melandai Vedhi has changed

The guideline value for Melandai Vedhi has undergone several revisions over the years. However, the register has no figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revision prior to 2024 was in 2023, where the guideline value was Rs 100 per sq.ft. This marked a significant increase of 100% when compared to the current value.

As of the 2024 revision, the guideline value has been set at Rs 200 per sq.ft. This increase reflects the ongoing adjustments made in the region, aligning with the overall trend observed in the Mudhukoor area.

Guideline values in Mudhukoor

Mudhukoor village has a total of 29 streets under the Sunguvarchattram SRO that carry a 2024 guideline value. The values range from Rs 200 to Rs 448 per sq.ft, with the median value being Rs 200 per sq.ft. Melandai Vedhi's 2024 guideline value is equal to this median, indicating its position within the village's overall property landscape.

• Mettu Street: Rs 200 per sq.ft (2024)
• Mariamman Kovil Street: Rs 200 per sq.ft (2024)
• Mappedu Sellum Salai: Rs 200 per sq.ft (2024)
• Mansarovar Phase-I: Rs 200 per sq.ft (2024)
• M.S.R. Garden: Rs 448 per sq.ft (2024)
• Mudukoor Colony Part: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Melandai Vedhi

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty is charged at 7%, which would be Rs 14,000, while the registration fee is at 2%, amounting to Rs 4,000. Therefore, the total cost for stamp duty and registration would be Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating these fees, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Melandai Vedhi?

The Sub Registrar Office that covers Melandai Vedhi is the Sunguvarchattram Sub Registrar Office. The address is Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To locate your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Mudhukoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property. This ensures that the transaction is documented accurately and in compliance with local regulations.

When a buyer or seller engages in a property transaction, the guideline value helps to establish a clear understanding of the financial obligations involved. It is essential for both parties to be aware of the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Melandai Vedhi?

The current guideline value of Melandai Vedhi is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Melandai Vedhi has changed from Rs 100 per sq.ft in 2023 to Rs 200 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Mudhukoor?

In Mudhukoor, other streets have varying guideline values, with rates ranging from Rs 200 to Rs 448 per sq.ft. The median guideline value for the area is Rs 200 per sq.ft, which is also the value for Melandai Vedhi.

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

The stamp duty for property in Melandai Vedhi is charged at 7%, while the registration fee is charged at 2% of the guideline value. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 18,000.

Which office handles the registration for Melandai Vedhi?

The registration for Melandai Vedhi is handled by the Sunguvarchattram Sub Registrar Office, located on Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.