Guideline Value for Melandai madaveethi thulukallamman koil sandhut

Melandai madaveethi thulukallamman koil sandhut guideline value

The current guideline value for Melandai madaveethi thulukallamman koil sandhut is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Thirumazhisai village, under the Poonamallee SRO, and is classified as Residential Special Type - I.

How the guideline value of Melandai madaveethi thulukallamman koil sandhut has changed

The guideline value for Melandai madaveethi thulukallamman koil sandhut has seen several revisions over the years. The earliest recorded figure is from 2007 at Rs 200 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, reflecting a 400% rise. However, the value then decreased to Rs 670 per sq.ft in 2017, marking a 33% decline. The most recent revision in 2023 set the value at Rs 1,000 per sq.ft, which then rose to Rs 1,100 per sq.ft in 2024, a 10% increase.

From 2017 to 2023, the guideline value rose by 49%, reaching Rs 1,000 per sq.ft. Overall, from 2007 to 2024, the value has increased by 450%, culminating in the current guideline value of Rs 1,100 per sq.ft.

Guideline values in Thirumazhisai

Within Thirumazhisai, there are 86 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 730 to Rs 3,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. The guideline value for Melandai madaveethi thulukallamman koil sandhut is below this median.

• Masilamani Nagar: Rs 1,650 per sq.ft (2024)
• Mandaveli street: Rs 1,100 per sq.ft (2024)
• M.R.K Avenue: Rs 1,430 per sq.ft (2024)
• Muthaal muthu raja 1st street: Rs 1,100 per sq.ft (2024)
• L&T nagar: Rs 1,320 per sq.ft (2024)
• Ltm Nagar: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Melandai madaveethi thulukallamman koil sandhut

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Melandai madaveethi thulukallamman koil sandhut?

The Sub Registrar Office that covers Melandai madaveethi thulukallamman koil sandhut is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. To find your SRO, you can visit find your SRO.

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

When buying or selling property in Thirumazhisai, the guideline value is a crucial factor in determining the stamp duty and registration fees. The value is set by the government and is used to assess the official value of the property for transaction purposes.

At the time of registration, the buyer is required to pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate taxes based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value for Melandai madaveethi thulukallamman koil sandhut?

The current guideline value for Melandai madaveethi thulukallamman koil sandhut is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over this period.

What is the stamp duty for property in Melandai madaveethi thulukallamman koil sandhut?

The stamp duty for property in Melandai madaveethi thulukallamman koil sandhut is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Melandai madaveethi thulukallamman koil sandhut located?

The Sub Registrar Office for Melandai madaveethi thulukallamman koil sandhut is located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.

What is the land classification for Melandai madaveethi thulukallamman koil sandhut?

The land classification for Melandai madaveethi thulukallamman koil sandhut is Residential Special Type - I.