Guideline Value for Chennai Bangalore National Highway

Chennai Bangalore National Highway guideline value

The current guideline value of the Chennai Bangalore National Highway is Rs 2,100 per sq.ft, effective from 1 July 2024. This value applies to Mevaloorkuppam B village under the Sriperumpudur SRO, classified as Commercial Class I Type - I.

How the guideline value of Chennai Bangalore National Highway has changed

The guideline value for the Chennai Bangalore National Highway has undergone several revisions over the years. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the value at Rs 2,000 per sq.ft, which increased by 5% to Rs 2,100 per sq.ft in the 2024 revision.

From 2023 to 2024, there was an increase of Rs 100 per sq.ft. This change reflects the most recent adjustment in the guideline value, ensuring that it remains updated according to the prevailing market conditions.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 6,200 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for the Chennai Bangalore National Highway is above this median.

• Compact Homes -Manjari: Rs 1,320 per sq.ft (2024)
• Cosmocity: Rs 1,320 per sq.ft (2024)
• Cosmo city-II: Rs 1,320 per sq.ft (2024)
• Cosmo city ph.III: Rs 1,320 per sq.ft (2024)
• Cosmo city ph.IV: Rs 1,320 per sq.ft (2024)
• Cosmo city (south): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Chennai Bangalore National Highway

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total guideline value amounts to Rs 21,00,000. The stamp duty at 7% would be Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, bringing the total cost for these fees to Rs 1,89,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for a detailed calculation based on your specific property details.

Which Sub Registrar Office covers Chennai Bangalore National Highway?

The Chennai Bangalore National Highway falls under the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Mevaloorkuppam B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Chennai Bangalore National Highway?

The current guideline value of the Chennai Bangalore National Highway is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2023 to Rs 2,100 per sq.ft in 2024, reflecting a 5% increase. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values in Mevaloorkuppam B?

In Mevaloorkuppam B, the guideline values range from Rs 100 to Rs 6,200 per sq.ft, with a median value of Rs 400 per sq.ft. The Chennai Bangalore National Highway's 2024 figure is above this median.

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

For a property valued at Rs 21,00,000, the stamp duty would be Rs 1,47,000 and the registration fee would be Rs 42,000, totaling Rs 1,89,000. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles registrations for the Chennai Bangalore National Highway?

The Sriperumpudur Sub Registrar Office handles registrations for the Chennai Bangalore National Highway. It is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.