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 B village, under the Sriperumpudur SRO, and is classified as Residential Special Type - III.

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

In the 2017 revision, the guideline value was set at Rs 402 per sq.ft. This value remained unchanged at Rs 600 per sq.ft in the 2023 revision and continued at the same rate in the 2024 revision, indicating a 49% increase from the 2017 value to 2023 and maintaining that value through to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2023 to 2024, there has been no change in the guideline value, remaining at Rs 600 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 49%.

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. The median guideline value for these streets is Rs 400 per sq.ft, placing Mevaloorkuppam Road(Nayapakkam Road) above that median with its current value of Rs 600 per sq.ft.

• Mevaloorkuppam Nedunsalai: Rs 400 per sq.ft (2024)
• Mettu Street: Rs 100 per sq.ft (2024)
• Mekkar Street: Rs 300 per sq.ft (2024)
• Mayana Salai: Rs 100 per sq.ft (2024)
• Moorthiyar Nagar: Rs 100 per sq.ft (2024)
• Manthoppu Street: Rs 100 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 at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees 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.

For more information, you can use the stamp duty and registration fee calculator.

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 further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Mevaloorkuppam B. It serves as the basis for calculating the stamp duty and registration fees, which are essential costs for buyers and sellers alike.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions as determined by the government. This helps maintain transparency and accountability in property dealings.

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 remained at Rs 600 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023 and 2024.

What is the land classification for Mevaloorkuppam Road(Nayapakkam Road)?

Mevaloorkuppam Road(Nayapakkam Road) is classified as Residential Special Type - III.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 6,00,000, the stamp duty is Rs 42,000 and the registration fee is Rs 12,000, totaling Rs 54,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Mevaloorkuppam Road(Nayapakkam Road)?

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