Guideline Value for Melmaruvathur Adiparasakthi Nagar

Melmaruvathur Adiparasakthi Nagar guideline value

The current guideline value of Melmaruvathur Adiparasakthi Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Vadakal_C village under the Sriperumpudur SRO, classified as Residential Special Type - I.

How the guideline value of Melmaruvathur Adiparasakthi Nagar has changed

The register has no figure for the years 2002, 2003, 2007, 2012, and 2017 for Melmaruvathur Adiparasakthi Nagar. In the 2023 revision, the guideline value was set at Rs 500 per sq.ft, which was then increased to Rs 550 per sq.ft in the 2024 revision, marking a change of +10%.

With the latest revision in 2024, the guideline value has risen from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft. This increase reflects the adjustments made by the Registration Department to align the values with current market conditions.

Guideline values in Vadakal_C

In Vadakal_C, there are 61 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value of Melmaruvathur Adiparasakthi Nagar is above this median.

• M.G.R.Nagar: Rs 400 per sq.ft (2024)
• Mariyamman Koil Street: Rs 200 per sq.ft (2024)
• Mohamed Nagar: Rs 300 per sq.ft (2024)
• Mahidhara supreme classic: Rs 1,200 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 550 per sq.ft (2024)
• Kumaran nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Melmaruvathur Adiparasakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Melmaruvathur Adiparasakthi Nagar?

The Sub Registrar Office that covers Melmaruvathur Adiparasakthi Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is used as a benchmark for determining the stamp duty and registration fees when buying or selling property in Vadakal_C. It ensures that the transaction is recorded at a value that reflects the official assessment by the Registration Department.

When you register a property, the guideline value helps to standardize the fees associated with the transaction, ensuring that both buyers and sellers are aware of the costs involved. This process is crucial for maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Melmaruvathur Adiparasakthi Nagar?

The current guideline value of Melmaruvathur Adiparasakthi Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen an increase from Rs 500 per sq.ft in 2023 to Rs 550 per sq.ft in 2024, reflecting a 10% rise. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the land classification for Melmaruvathur Adiparasakthi Nagar?

Melmaruvathur Adiparasakthi Nagar is classified as Residential Special Type - I. This classification plays a role in determining the guideline value for properties in the area.

Where can I find the Sub Registrar Office for Melmaruvathur Adiparasakthi Nagar?

The Sub Registrar Office for Melmaruvathur Adiparasakthi Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles the registration of property transactions in the area.

How is stamp duty calculated for properties in Melmaruvathur Adiparasakthi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 38,500 based on the guideline value of Rs 5,50,000.