Guideline Value for MES Cross Street

MES Cross Street guideline value

The current guideline value of MES Cross Street in Kadaperi village is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of MES Cross Street has changed

The guideline value of MES Cross Street has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was set at Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. In 2023, the value increased to Rs 1,200 per sq.ft, and the latest revision in 2024 has raised it further to Rs 1,320 per sq.ft.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. However, the value dropped by 33% from 2012 to 2017. 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 Kadaperi

Kadaperi village has a total of 142 streets under the Tambaram Joint 1 SRO, with 2024 guideline values ranging from Rs 880 to Rs 7,700 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, placing MES Cross Street's 2024 figure below the median.

• Mepz: Rs 7,700 per sq.ft (2024)
• Moulana Nagar 10th Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 1st Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 2 nd Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 3rd Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 4 th Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in MES Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total charges Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers MES Cross Street?

The MES Cross Street is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, MES Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kadaperi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value of MES Cross Street?

The current guideline value of MES Cross Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase being from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024.

What is the land classification for MES Cross Street?

MES Cross Street is classified as Residential Class I Type - III under the current guidelines.

Where can I find the Sub Registrar Office for MES Cross Street?

The Sub Registrar Office covering MES Cross Street is the Tambaram Joint 1 SRO, located at No.26, MES Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Kadaperi?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the appropriate fees are collected during the registration process.