Guideline Value for Mevaloorkuppam Road(Nayapakkam Road)

Mevaloorkuppam Road(Nayapakkam Road) guideline value

The current guideline value of Mevaloorkuppam Road(Nayapakkam Road) is Rs 600 per sq.ft, effective from 1 July 2024. This road is located in Mevaloorkuppam village, under the Sriperumpudur SRO, and is classified as Residential Special Type - III.

How the guideline value of Mevaloorkuppam Road(Nayapakkam Road) has changed

Looking at the revisions, the guideline value for Mevaloorkuppam Road(Nayapakkam Road) has seen several changes over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged in the 2023 revision. However, the value was significantly lower at Rs 402 per sq.ft in the 2017 revision, marking a 33% decrease from the 2012 figure. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 600 per sq.ft.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. The current guideline value of Rs 600 per sq.ft has not changed from 2023 to 2024, reflecting a 0% increase. In contrast, the change from 2017 to 2023 saw a significant increase of 49%.

Guideline values in Mevaloorkuppam

In Mevaloorkuppam village, there are 69 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,400 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Mevaloorkuppam Road(Nayapakkam Road) above this median with its 2024 figure of Rs 600 per sq.ft.

• Mevaloorkuppam Nedunsalai: Rs 400 per sq.ft (2024)
• Mettu Street: Rs 200 per sq.ft (2024)
• Mekkar Street: Rs 300 per sq.ft (2024)
• Moorthiyar Nagar: Rs 200 per sq.ft (2024)
• Manthoppu Street: Rs 200 per sq.ft (2024)
• Nadu Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Mevaloorkuppam Road(Nayapakkam Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty, calculated at 7%, would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Mevaloorkuppam Road(Nayapakkam Road)?

The Sub Registrar Office that covers Mevaloorkuppam Road(Nayapakkam Road) 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 when buying or selling property in Mevaloorkuppam. It is used as a benchmark to determine the stamp duty and registration fees that are applicable during the transaction. Buyers and sellers should be aware that the guideline value may differ from the actual sale price.

When registering a property, the authorities will assess the guideline value to calculate the necessary fees. This ensures that the transaction is documented accurately and in compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Mevaloorkuppam Road(Nayapakkam Road)?

The current guideline value of Mevaloorkuppam Road(Nayapakkam Road) is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 600 per sq.ft, unchanged from 2023. The value was Rs 402 per sq.ft in 2017, showing a significant increase of 49% by 2023.

What are the other streets in Mevaloorkuppam and their guideline values?

Other streets in Mevaloorkuppam have varying guideline values, with rates ranging from Rs 200 to Rs 400 per sq.ft. For example, Mevaloorkuppam Nedunsalai is Rs 400 per sq.ft, while Mettu Street is Rs 200 per sq.ft.

How is stamp duty calculated for properties in Mevaloorkuppam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 at a rate of 7%.

Where can I find the Sub Registrar Office for Mevaloorkuppam Road(Nayapakkam Road)?

The Sub Registrar Office for Mevaloorkuppam Road(Nayapakkam Road) is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.