Guideline Value for Melpallikuppam Pillaiyar Koil Cross Street

Melpallikuppam Pillaiyar Koil Cross Street guideline value

The current guideline value of Melpallikuppam Pillaiyar Koil Cross Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, and it falls under the land classification of Residential Special Type - II.

How the guideline value of Melpallikuppam Pillaiyar Koil Cross Street has changed

The guideline value for Melpallikuppam Pillaiyar Koil Cross Street has undergone several revisions over the years. In 2012, the guideline value was Rs 3,200 per sq.ft. This figure was then revised to Rs 2,144 per sq.ft in 2017, reflecting a decrease of 33%. Following this, the value increased significantly to Rs 3,200 per sq.ft in 2023, and then to Rs 3,520 per sq.ft in 2024, marking a 10% increase from the previous year. 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 revisions in 2002, 2003, and 2007 for this street. The changes between the revisions demonstrate fluctuations in the guideline value, with a notable increase of 49% from 2017 to 2023.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO, with guideline values ranging from Rs 2,860 to Rs 6,380 per sq.ft as of 2024. The median guideline value for these streets is Rs 3,960 per sq.ft, placing Melpallikuppam Pillaiyar Koil Cross Street's 2024 figure below this median.

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

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, while 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.

You can use the stamp duty and registration fee calculator for more details on calculating these fees.

Which Sub Registrar Office covers Melpallikuppam Pillaiyar Koil Cross Street?

The Sub Registrar Office that covers Melpallikuppam Pillaiyar Koil Cross Street 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 plays a crucial role in the registration process when buying or selling property in Porur. It is used to determine the stamp duty and registration fees that are applicable during the transaction. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers to ensure compliance with local regulations and to accurately assess the costs involved in property transactions in Porur.

Frequently asked questions

What is the current guideline value of Melpallikuppam Pillaiyar Koil Cross Street?

The current guideline value of Melpallikuppam Pillaiyar Koil Cross Street 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, and then to Rs 3,200 per sq.ft in 2023, before reaching Rs 3,520 per sq.ft in 2024.

What is the land classification for this street?

Melpallikuppam Pillaiyar Koil Cross Street is classified as Residential Special Type - II.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 35,20,000, the total fees would be Rs 3,16,800.