Guideline Value for Melpallikuppam pillaiyar Koil Street

Melpallikuppam pillaiyar Koil Street guideline value

The current guideline value of Melpallikuppam pillaiyar Koil 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 is classified as Residential Special Type - II.

How the guideline value of Melpallikuppam pillaiyar Koil Street has changed

The guideline value for Melpallikuppam pillaiyar Koil Street has seen several revisions over the years. The 2012 revision recorded a value of Rs 3,200 per sq.ft, which then decreased to Rs 2,144 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,200 per sq.ft in the 2023 revision, and currently stands at Rs 3,520 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

From 2012 to 2017, the value dropped by 33%. However, from 2017 to 2023, it rose by 49%, and overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register has no figures 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 value is Rs 3,960 per sq.ft, which means that Melpallikuppam pillaiyar Koil Street's 2024 figure is below this median.

• Melpallikuppam Pillaiyar Koil Cross Street: Rs 3,520 per sq.ft (2024)
• Melpallikuppam - Ramakrishna nagar Link Road: 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 pillaiyar Koil 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, charged at 7%, would amount to Rs 2,46,400, while the registration fee at 2% would be Rs 70,400. Together, these fees would total 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 detailed calculations.

Which Sub Registrar Office covers Melpallikuppam pillaiyar Koil Street?

The Sub Registrar Office that covers Melpallikuppam pillaiyar Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

When buying or selling property in Porur, the guideline value serves as a reference for determining the minimum value at which a property can be registered. This value is crucial for calculating the stamp duty and registration fees associated with the transaction.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall costs incurred during the property registration process. The guideline value is periodically revised, reflecting changes in the real estate market and local development.

Frequently asked questions

What is the current guideline value of Melpallikuppam pillaiyar Koil Street?

The current guideline value of Melpallikuppam pillaiyar Koil 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, then to Rs 3,200 per sq.ft in 2023, and currently stands at Rs 3,520 per sq.ft in 2024.

What is the land classification for Melpallikuppam pillaiyar Koil Street?

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

Where can I find the Sub Registrar Office for Melpallikuppam pillaiyar Koil Street?

The Kunrathur Sub Registrar Office covers Melpallikuppam pillaiyar Koil Street and is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Melpallikuppam pillaiyar Koil Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 2,46,400.