Guideline Value for Nallur Melandai Street

Nallur Melandai Street guideline value

The current guideline value of Nallur Melandai Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Malliyankaranai village under the Uthiramerur SRO, and it is classified as Residential Special Type - I.

How the guideline value of Nallur Melandai Street has changed

The guideline value for Nallur Melandai Street has seen several revisions over the years. In the 2012 revision, the guideline value was Rs 300 per sq.ft. This remained unchanged in the 2017 revision, where the value was Rs 201 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased by 49%, bringing it back to Rs 300 per sq.ft. The most recent revision in 2024 has maintained this figure, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 300 per sq.ft.

Guideline values in Malliyankaranai

In Malliyankaranai, there are 42 streets registered under the Uthiramerur SRO, with guideline values ranging from Rs 200 to Rs 603 per sq.ft. The median guideline value in this village is Rs 401 per sq.ft, placing Nallur Melandai Street's 2024 figure below that median.

• Nallur Kezhandi Sreet: Rs 300 per sq.ft (2024)
• Paruthikollai: Rs 401 per sq.ft (2024)
• Malliyankaranai Madura Manikanatham: Rs 250 per sq.ft (2024)
• Malliyankaranai: Rs 200 per sq.ft (2024)
• Pattankulam: Rs 401 per sq.ft (2024)
• Mahendra Avenu: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Nallur Melandai Street

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nallur Melandai Street?

The Nallur Melandai Street falls under the Uthiramerur Sub Registrar Office located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Malliyankaranai. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value serves as a reference point, and it is essential for both buyers and sellers to be aware of these values to facilitate a smooth transaction process. Accurate knowledge of the guideline value helps in understanding the financial implications of property registration.

Frequently asked questions

What is the current guideline value of Nallur Melandai Street?

The current guideline value of Nallur Melandai Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a notable increase of 49% from 2017 to 2023.

What is the land classification for Nallur Melandai Street?

Nallur Melandai Street is classified as Residential Special Type - I.

Where can I find the Uthiramerur Sub Registrar Office?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is stamp duty calculated for properties in Nallur Melandai Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a 1,000 sq.ft plot valued at Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000.