Guideline Value for MEHRU NAGAR 4TH CROSS STREET

Mehru Nagar 4th Cross Street guideline value

The current guideline value of Mehru Nagar 4th Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Mehru Nagar 4th Cross Street has changed

The guideline value for Mehru Nagar 4th Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was a decrease of 33% from Rs 1,005 per sq.ft in 2017. In 2023, the value increased to Rs 1,500 per sq.ft, and the latest revision in 2024 raised it to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,110 to Rs 8,580 per sq.ft, with a median value of Rs 1,650 per sq.ft. Mehru Nagar 4th Cross Street's 2024 guideline value is equal to this median.

• Mehru Nagar 3rd Cross Street: Rs 1,650 per sq.ft (2024)
• Mehru Nagar 5th Cross Street: Rs 1,650 per sq.ft (2024)
• Mehru Nagar 2nd Cross Street: Rs 1,650 per sq.ft (2024)
• Mehru Nagar Extn.: Rs 1,650 per sq.ft (2024)
• Mehru Nagar 1st Street: Rs 1,650 per sq.ft (2024)
• Mehru Nagar Main Road: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Mehru Nagar 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mehru Nagar 4th Cross Street?

The Sub Registrar Office that covers Mehru Nagar 4th Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pallikaranai. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the authorities.

Frequently asked questions

What is the current guideline value of Mehru Nagar 4th Cross Street?

The current guideline value of Mehru Nagar 4th Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, which is a 10% increase. The value was Rs 1,005 per sq.ft in 2017 and Rs 1,500 per sq.ft in 2012.

What is the land classification for Mehru Nagar 4th Cross Street?

The land classification for Mehru Nagar 4th Cross Street is Residential Class IV Type - I.

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

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles registrations for Mehru Nagar 4th Cross Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Mehru Nagar 4th Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.