Guideline Value for Mekkar Street

Mekkar Street guideline value

The current guideline value of Mekkar Street is Rs 300 per sq.ft, effective from the 2024 revision. This street is located in Mevaloorkuppam village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Mekkar Street has changed

The guideline value for Mekkar Street has remained consistent at Rs 300 per sq.ft for the 2023 and 2024 revisions. Prior to this, the 2017 revision recorded a value of Rs 201 per sq.ft, indicating a significant increase of 49% from 2017 to 2023. The 2012 revision also listed the value at Rs 300 per sq.ft, showing a decrease of 33% from 2012 to 2017.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, when comparing the 2012 revision to the current 2024 figure, there has been no change, as both revisions are set at Rs 300 per sq.ft.

Guideline values in Mevaloorkuppam

In Mevaloorkuppam, there are 69 streets under the Sriperumpudur SRO carrying a 2024 guideline value ranging from Rs 200 to Rs 2,400 per sq.ft, with a median value of Rs 400 per sq.ft. Mekkar Street's 2024 guideline value is below this median.

• Mettu Street: Rs 200 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 200 per sq.ft (2024)
• Moorthiyar Nagar: Rs 200 per sq.ft (2024)
• Nadu Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Mekkar Street

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Mekkar Street?

The Sub Registrar Office that covers Mekkar 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

The guideline value plays a crucial role in the registration process of property transactions in Mevaloorkuppam. It serves as a benchmark for determining the stamp duty and registration fees payable when a property is bought or sold.

When registering a property, 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 appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Mekkar Street?

The current guideline value of Mekkar Street is Rs 300 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft for 2023 and 2024. It increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, while it was also Rs 300 per sq.ft in 2012.

What is the land classification of Mekkar Street?

Mekkar Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

What are the stamp duty rates for properties in Mekkar Street?

The stamp duty rate for properties in Mekkar Street is 7% of the guideline value or sale price, whichever is higher. Registration fees are charged at 2% of the same amount.

Where can I find the Sub Registrar Office for Mekkar Street?

The Sub Registrar Office for Mekkar Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information about it online.