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 B village, under the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Dr.Kalaignar Street has changed

The guideline value for Dr.Kalaignar Street has undergone several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 300 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 201 per sq.ft, indicating a 49% increase from 2017 to 2023, and an overall increase of 49% from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Thus, the only registered figures are from 2017, 2023, and 2024.

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. The median guideline value for these streets is Rs 400 per sq.ft, placing Dr.Kalaignar Street's 2024 figure below that median.

• Dr.Ambedhkar Street: Rs 100 per sq.ft (2024)
• Eden Garden: Rs 500 per sq.ft (2024)
• Elims Nagar: Rs 400 per sq.ft (2024)
• Cosmo city (south): Rs 1,320 per sq.ft (2024)
• Cosmo city ph.IV: Rs 1,320 per sq.ft (2024)
• Cosmo city ph.III: Rs 1,320 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 guideline value of Rs 300 per sq.ft, the total 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, bringing the total to Rs 27,000. Please note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr.Kalaignar Street?

Dr.Kalaignar Street falls under the jurisdiction of 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 is a critical factor in the registration process when buying or selling property in Mevaloorkuppam B. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established values.

When a property transaction occurs, the guideline value is assessed to determine the applicable fees. Buyers and sellers must be aware of these values to ensure compliance with local regulations during the registration 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 has remained at Rs 300 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 201 per sq.ft in 2017 to 2023.

What is the land classification for Dr.Kalaignar Street?

Dr.Kalaignar Street is classified as Residential Class III Type - I, which indicates its intended use for residential purposes.

Where can I find the Sub Registrar Office for Dr.Kalaignar Street?

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

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Dr.Kalaignar Street is charged at 7% of the guideline value or sale price, whichever is higher. The registration fee is 2% of the guideline value.