Guideline Value for Ilangaliyamman Koil Street

Ilangaliyamman Koil Street guideline value

The current guideline value of Ilangaliyamman Koil Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Mevaloorkuppam B village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ilangaliyamman Koil Street has changed

Over the years, the guideline value of Ilangaliyamman Koil Street has seen significant changes. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 200 per sq.ft. The latest revision in 2024 has increased this value to Rs 400 per sq.ft, marking a 100% increase from the previous year.

The 2024 guideline value of Rs 400 per sq.ft is equal to the median value of Rs 400 per sq.ft for 84 streets in Mevaloorkuppam B under the Sriperumpudur SRO. This indicates that the value for Ilangaliyamman Koil Street aligns with the overall trend in the village.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, the guideline values vary significantly, ranging from Rs 100 to Rs 6,200 per sq.ft, with a median value of Rs 400 per sq.ft. Ilangaliyamman Koil Street's 2024 figure matches this median. Below are the guideline values for other streets in Mevaloorkuppam B under the Sriperumpudur SRO:

• Harini Nagar: Rs 300 per sq.ft (2024)
• Happy Land Colony: Rs 400 per sq.ft (2024)
• Green City: Rs 400 per sq.ft (2024)
• Golden Growvilla: Rs 400 per sq.ft (2024)
• Golden Castle: Rs 400 per sq.ft (2024)
• Gangaiyamman Koil Street: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Ilangaliyamman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ilangaliyamman Koil Street?

The Sub Registrar Office that covers Ilangaliyamman Koil 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 B

When buying or selling property in Mevaloorkuppam B, the guideline value is a critical factor in determining the stamp duty and registration fees. The guideline value serves as a benchmark to ensure that the property is registered at a value that reflects the local market conditions.

At the time of registration, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ilangaliyamman Koil Street?

The current guideline value of Ilangaliyamman Koil Street is Rs 400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 200 per sq.ft in 2023 to Rs 400 per sq.ft in 2024, which is a 100% increase.

What is the land classification for Ilangaliyamman Koil Street?

The land classification for Ilangaliyamman Koil Street is Residential Class II Type - I.

Which office handles the registration for properties in Ilangaliyamman Koil Street?

The Sriperumpudur Sub Registrar Office handles the registration for properties in Ilangaliyamman Koil Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Mevaloorkuppam B?

Stamp duty for properties in Mevaloorkuppam B is calculated based on the higher of the guideline value or the sale price. This ensures that the appropriate fees are collected during property transactions.