Guideline Value for Melpallikuppam - Ramakrishna nagar Link Road

Melpallikuppam - Ramakrishna nagar Link Road guideline value

The current guideline value of Melpallikuppam - Ramakrishna nagar Link Road is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is located in Porur village and falls under the Kunrathur SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Melpallikuppam - Ramakrishna nagar Link Road has changed

The guideline value for Melpallikuppam - Ramakrishna nagar Link Road has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 3,200 per sq.ft. This was followed by a decrease to Rs 2,144 per sq.ft in 2017. The subsequent revision in 2023 saw an increase to Rs 3,200 per sq.ft, and the latest revision in 2024 raised it to Rs 3,520 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, placing the Melpallikuppam - Ramakrishna nagar Link Road below that median.

• Melpallikuppam pillaiyar Koil Street: Rs 3,520 per sq.ft (2024)
• Melpallikuppam Pillaiyar Koil Cross Street: Rs 3,520 per sq.ft (2024)
• Melpallikuppam Main Road: Rs 3,520 per sq.ft (2024)
• Melpallikuppam Elumalai Street: Rs 3,520 per sq.ft (2024)
• Meiyammai Street: Rs 4,290 per sq.ft (2024)
• Meenakshi Nagar 4th Street: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Melpallikuppam - Ramakrishna nagar Link Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total costs together to Rs 3,16,800. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Melpallikuppam - Ramakrishna nagar Link Road?

The Sub Registrar Office that covers Melpallikuppam - Ramakrishna nagar Link Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is essential for buyers to be aware of the guideline value to avoid overpaying, while sellers should price their properties accordingly to align with market expectations.

Frequently asked questions

What is the current guideline value of Melpallikuppam - Ramakrishna nagar Link Road?

The current guideline value of Melpallikuppam - Ramakrishna nagar Link Road is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2012 to Rs 2,144 per sq.ft in 2017, then to Rs 3,200 per sq.ft in 2023, and finally to Rs 3,520 per sq.ft in 2024.

What is the land classification for this street?

The land classification for Melpallikuppam - Ramakrishna nagar Link Road is Residential Special Type - II.

Where can I find the registration office for this area?

The registration office for Melpallikuppam - Ramakrishna nagar Link Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 35,20,000, the stamp duty at 7% would be Rs 2,46,400.