Guideline Value for Dr.Kalaignar Street

Dr.Kalaignar Street guideline value

The current guideline value of Dr.Kalaignar Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Mevaloorkuppam village under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Dr.Kalaignar Street has changed

The guideline value for Dr.Kalaignar Street has seen several revisions over the years. In 2012, the value was Rs 300 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value dropped to Rs 201 per sq.ft. The 2023 revision saw a return to Rs 300 per sq.ft, which was maintained in the 2024 revision, showing no percentage change from the previous year. Notably, the revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 300 per sq.ft.

Guideline values in Mevaloorkuppam

In Mevaloorkuppam, there are 69 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,400 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Dr.Kalaignar Street's 2024 figure below this median.

• Eden Garden: Rs 500 per sq.ft (2024)
• Cosmo city (south): Rs 900 per sq.ft (2024)
• Cosmo city ph.IV: Rs 900 per sq.ft (2024)
• Cosmo city ph.III: Rs 900 per sq.ft (2024)
• Cosmo city-II: Rs 900 per sq.ft (2024)
• Cosmocity: Rs 900 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.Kalaignar Street

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr.Kalaignar Street?

The Sub Registrar Office that covers Dr.Kalaignar Street is 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

The guideline value plays a crucial role during the registration of property transactions in Mevaloorkuppam. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is sold, the guideline value is used to calculate the applicable charges, ensuring that the transaction adheres to the legal framework set by the Registration Department. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the property transfer process.

Frequently asked questions

What is the current guideline value of Dr.Kalaignar Street?

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

How has the guideline value changed over the years?

The guideline value for Dr.Kalaignar Street has seen changes from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023 and 2024. The values for 2002, 2003, and 2007 are not available.

What is the land classification for Dr.Kalaignar Street?

Dr.Kalaignar Street is classified as Residential Class III Type - I.

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Dr.Kalaignar Street?

The Sriperumpudur Sub Registrar Office handles registrations for Dr.Kalaignar Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.