Guideline Value for Kalaignar Street

Kalaignar Street guideline value

The current guideline value of Kalaignar Street in Mevaloorkuppam B village is Rs 100 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Kalaignar Street has changed

The guideline value for Kalaignar Street has remained unchanged at Rs 100 per sq.ft for both the 2023 and 2024 revisions. Prior to this, the 2017 revision recorded a guideline value of Rs 134 per sq.ft, indicating a decrease of 25% from 2017 to 2023 and an overall decrease of 25% from 2017 to 2024.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. Therefore, the only relevant revisions are from 2017, 2023, and 2024, which show a consistent guideline value of Rs 100 per sq.ft for the last two revisions.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO that have 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. Kalaignar Street's 2024 figure is below this median.

• Kannadapalayam Street: Rs 100 per sq.ft (2024)
• Karthik Nagar: Rs 500 per sq.ft (2024)
• K G Flats: Rs 1,320 per sq.ft (2024)
• Kings Land: Rs 700 per sq.ft (2024)
• kingsland Extension: Rs 700 per sq.ft (2024)
• Ilangaliyamman Koil Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Kalaignar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total charges to Rs 9,000. 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 detailed calculations.

Which Sub Registrar Office covers Kalaignar Street?

The Sub Registrar Office covering 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 B

The guideline value is a critical factor during the registration of property transactions in Mevaloorkuppam B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that all transactions are fairly assessed according to the established values in the region.

Frequently asked questions

What is the current guideline value of Kalaignar Street?

The current guideline value of Kalaignar Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kalaignar Street has remained at Rs 100 per sq.ft for the 2023 and 2024 revisions. It was Rs 134 per sq.ft in 2017, reflecting a decrease of 25% from 2017 to 2023 and an overall decrease of 25% from 2017 to 2024.

What are the other guideline values in Mevaloorkuppam B?

In Mevaloorkuppam B, guideline values for other streets range from Rs 100 to Rs 6,200 per sq.ft, with a median value of Rs 400 per sq.ft. Kalaignar Street's value is below this median.

What are the stamp duty and registration fees for properties on Kalaignar Street?

For a property valued at Rs 1,00,000 on Kalaignar Street, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles the registration for Kalaignar Street?

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