Guideline Value for Melpallikuppam Main Road

Melpallikuppam Main Road guideline value

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

How the guideline value of Melpallikuppam Main Road has changed

The guideline value for Melpallikuppam Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 3,200 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 2,144 per sq.ft. The guideline value remained at Rs 3,200 per sq.ft in 2012, but increased significantly by 49% to Rs 3,200 per sq.ft in 2023. The most recent revision in 2024 has resulted in a new guideline value of Rs 3,520 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Melpallikuppam Main Road. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 Melpallikuppam Main Road's 2024 figure below that median.

• Melpallikuppam Elumalai Street: Rs 3,520 per sq.ft (2024)
• Melpallikuppam Pillaiyar Koil Cross Street: Rs 3,520 per sq.ft (2024)
• Melpallikuppam pillaiyar Koil Street: Rs 3,520 per sq.ft (2024)
• Melpallikuppam - Ramakrishna nagar Link Road: 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 Main Road

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

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

Which Sub Registrar Office covers Melpallikuppam Main Road?

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

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

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

When buying or selling property, both parties must consider the guideline value as it affects the overall cost of the transaction. The registration process will require adherence to the guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Melpallikuppam Main Road?

The current guideline value of Melpallikuppam Main 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 2023 to Rs 3,520 per sq.ft in 2024. It was Rs 2,144 per sq.ft in 2017 and Rs 3,200 per sq.ft in 2012.

What is the land classification for Melpallikuppam Main Road?

The land classification for Melpallikuppam Main Road is Residential Special Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Which office handles registrations for Melpallikuppam Main Road?

The Kunrathur Sub Registrar Office handles registrations for Melpallikuppam Main Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.