Guideline Value for Mekkar Street

Mekkar Street guideline value

The current guideline value of Mekkar Street in Mevaloorkuppam B village is Rs 300 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Mekkar Street has changed

The guideline value for Mekkar Street has seen a revision from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in both 2023 and 2024, indicating a significant increase of 49% over this period. The 2023 revision maintained the same value as 2024, showing no change between these two years.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Therefore, the only revisions with figures are from 2017, 2023, and 2024.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO that carry 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. Mekkar Street's current guideline value is below this median.

• Mayana Salai: Rs 100 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 Mekkar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total 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, bringing the total to Rs 27,000. 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 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 details.

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

The guideline value is crucial when buying or selling property, as it determines the amount of stamp duty and registration fees payable. Buyers and sellers must reference the current guideline value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a benchmark for calculating taxes and fees, ensuring that both parties are aware of the financial implications involved in the transaction.

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 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in both 2023 and 2024, showing a 49% increase over this period.

What is the land classification for Mekkar Street?

Mekkar Street is classified as Residential Class III Type - I.

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

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

How is stamp duty calculated for properties in Mekkar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 3,00,000 would incur a stamp duty of Rs 21,000 at 7%.