Guideline Value for MEYANSTREET

Meyanstreet guideline value

The current guideline value of Meyanstreet in Pudupet village is Rs 126 per sq.ft, effective from 1 July 2024. This street falls under the Pallipattu SRO and is classified as Residential Class V Type - I.

How the guideline value of Meyanstreet has changed

The guideline value for Meyanstreet has seen several revisions over the years. The earliest recorded figure in the register is from the 2017 revision, which was Rs 100 per sq.ft. This figure increased to Rs 126 per sq.ft in the 2023 revision and remained the same in the 2024 revision, resulting in a total increase of 26% from 2017 to 2024. Notably, there are no recorded figures for the years 2002, 2003, 2007, and 2012.

From the 2023 to the 2024 revision, there was no change, maintaining the guideline value at Rs 126 per sq.ft. The overall change from the 2017 revision to the 2024 revision is a 26% increase, reflecting the consistent value since 2023.

Guideline values in Pudupet

Pudupet village has 42 streets under the Pallipattu SRO that carry a 2024 guideline value, ranging from Rs 102 to Rs 600 per sq.ft. The median value for these streets is Rs 350 per sq.ft, indicating that Meyanstreet's 2024 figure is below this median.

• Munireddykandigai: Rs 126 per sq.ft (2024)
• Main Road: Rs 600 per sq.ft (2024)
• Nagariroad: Rs 250 per sq.ft (2024)
• Nagariroad Santhu: Rs 250 per sq.ft (2024)
• Madam Street: Rs 500 per sq.ft (2024)
• Neru Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Meyanstreet

For a 1,000 sq.ft plot at the current guideline value of Rs 126 per sq.ft, the total guideline value amounts to Rs 1,26,000. The stamp duty at 7% would be Rs 8,820, and the registration fee at 2% would be Rs 2,520, bringing the total fees to Rs 11,340. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Meyanstreet?

The Sub Registrar Office that covers Meyanstreet is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pudupet. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that all transactions are recorded accurately and transparently. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Meyanstreet?

The current guideline value of Meyanstreet is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 100 per sq.ft in 2017 to Rs 126 per sq.ft in both the 2023 and 2024 revisions, marking a total increase of 26% from 2017 to 2024.

What is the median guideline value for streets in Pudupet?

The median guideline value for the 42 streets in Pudupet is Rs 350 per sq.ft, with Meyanstreet's current value being below this median.

What fees are applicable when registering property in Meyanstreet?

When registering property in Meyanstreet, the stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Meyanstreet located?

The Sub Registrar Office for Meyanstreet is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.