Guideline Value for Sathakkam Melandai Street

Sathakkam Melandai Street guideline value

The current guideline value of Sathakkam Melandai Street is Rs 900 per sq.ft. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sathakkam Melandai Street has changed

In the 2007 revision, the guideline value was set at Rs 100 per sq.ft. This value saw a significant increase in the 2012 revision, where it rose to Rs 900 per sq.ft, marking an increase of 800%. However, in the 2017 revision, the value decreased to Rs 603 per sq.ft, a drop of 33%. The guideline value then increased to Rs 900 per sq.ft in both the 2023 and 2024 revisions, resulting in a 49% increase from 2017 to 2023. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 800%, reflecting the changes in property valuation over the years.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 800 per sq.ft. Sathakkam Melandai Street's 2024 guideline value of Rs 900 per sq.ft is above this median.

• Sathakkam Kizhandai Street: Rs 900 per sq.ft (2024)
• Sathakkam Street: Rs 900 per sq.ft (2024)
• Saththani vaishthaival Street: Rs 1,000 per sq.ft (2024)
• Sappani Goundar street: Rs 1,000 per sq.ft (2024)
• Sellammal Nagar: Rs 401 per sq.ft (2024)
• Sandilya Nagar: Rs 402 per sq.ft (2024)

Stamp duty and registration fee for property in Sathakkam Melandai Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, making the total Rs 81,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sathakkam Melandai Street?

The Sub Registrar Office that covers Sathakkam Melandai Street is 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Uthiramerur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sathakkam Melandai Street?

The current guideline value of Sathakkam Melandai Street is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 100 per sq.ft in 2007 to Rs 900 per sq.ft in 2024, reflecting an overall increase of 800% over the years.

What are the other streets in Uthiramerur with similar guideline values?

Other streets in Uthiramerur with similar guideline values include Sathakkam Kizhandai Street and Sathakkam Street, both at Rs 900 per sq.ft for 2024.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for Sathakkam Melandai Street?

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