Guideline Value for Mayana Salai

Mayana Salai guideline value

The current guideline value of Mayana Salai is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Mevaloorkuppam B village under the Sriperumpudur Sub Registrar Office. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Mayana Salai has changed

The guideline value for Mayana Salai has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 100 per sq.ft, a decrease of 50% from the 2023 revision, which was Rs 200 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the last known figures were not available in the register for the mentioned years. Therefore, the only relevant changes in guideline value are from 2023 to 2024, where the value decreased significantly.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO with 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. The guideline value of Mayana Salai is below this median.

• Mekkar Street: Rs 300 per sq.ft (2024)
• Mettu Street: Rs 100 per sq.ft (2024)
• Mevaloorkuppam Nedunsalai: Rs 400 per sq.ft (2024)
• Mevaloorkuppam Road(Nayapakkam Road): Rs 600 per sq.ft (2024)
• Manthoppu Street: Rs 100 per sq.ft (2024)
• Moorthiyar Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Mayana Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mayana Salai?

The Sub Registrar Office that covers Mayana Salai is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process 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 a buyer or seller approaches the Sriperumpudur SRO for registration, the guideline value is used to calculate the necessary fees, ensuring that all transactions are conducted in compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Mayana Salai?

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

How much did the guideline value change from 2023 to 2024?

The guideline value changed from Rs 200 per sq.ft in 2023 to Rs 100 per sq.ft in 2024, representing a decrease of 50%.

Are there any previous revisions for Mayana Salai?

The register has no figures for Mayana Salai for the years 2017, 2012, 2007, 2003, and 2002. The only relevant revisions are from 2023 and 2024.

What is the median guideline value in Mevaloorkuppam B?

The median guideline value in Mevaloorkuppam B is Rs 400 per sq.ft, while the value for Mayana Salai is below this median.

What is the registration office for Mayana Salai?

The registration office for Mayana Salai is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.