Guideline Value for Mookalathaman Cross Street

Mookalathaman Cross Street guideline value

The current guideline value of Mookalathaman Cross Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Periyakuppam village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Mookalathaman Cross Street has changed

In the 2007 revision, the guideline value was Rs 200 per sq.ft. This figure increased significantly to Rs 500 per sq.ft in the 2012 revision, marking a 150% rise. However, in the 2017 revision, the value decreased to Rs 335 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 500 per sq.ft in the 2023 revision, followed by a further increase to Rs 550 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 175%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that have a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft, with a median value of Rs 1,100 per sq.ft. Mookalathaman Cross Street's 2024 figure is below this median.

• M.G.R.Nagar: Rs 1,100 per sq.ft (2024)
• M.Varadharasanar Street: Rs 550 per sq.ft (2024)
• Nakeeran Street: Rs 1,100 per sq.ft (2024)
• Namakal Ramalingam Street: Rs 1,100 per sq.ft (2024)
• Maraimalai Adikal Street: Rs 1,100 per sq.ft (2024)
• Maniyammap Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Mookalathaman Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty, charged at 7%, would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total fees Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mookalathaman Cross Street?

The Mookalathaman Cross Street falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Periyakuppam, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions comply with legal requirements.

Frequently asked questions

What is the current guideline value of Mookalathaman Cross Street?

The current guideline value of Mookalathaman Cross Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 200 per sq.ft in 2007, increasing to Rs 500 in 2012, then decreasing to Rs 335 in 2017, and rising to Rs 500 in 2023. The latest revision in 2024 sets the value at Rs 550 per sq.ft.

What is the median guideline value in Periyakuppam?

The median guideline value in Periyakuppam is Rs 1,100 per sq.ft, while Mookalathaman Cross Street's value is below this median.

What are the stamp duty and registration fees for properties in Mookalathaman Cross Street?

For a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office should I contact for Mookalathaman Cross Street?

The Sub Registrar Office covering Mookalathaman Cross Street is the Tiruvallur Joint 1 SRO, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.