Guideline Value for Nehru Cross Street

Nehru Cross Street guideline value

The current guideline value of Nehru Cross Street, located in Mevaloorkuppam village under the Sriperumpudur SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class IV Type - I land classification.

How the guideline value of Nehru Cross Street has changed

The guideline value for Nehru Cross Street has undergone several revisions over the years. In 2012, the guideline value was Rs 200 per sq.ft. This was followed by a decrease to Rs 134 per sq.ft in 2017, reflecting a 33% drop. The value continued to decline to Rs 100 per sq.ft in 2023, marking a further 25% decrease. The register has no figures for the years 2002, 2003, and 2007.

As of the 2024 revision, the guideline value has increased significantly to Rs 200 per sq.ft, which is a 100% rise from the previous year. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 200 per sq.ft.

Guideline values in Mevaloorkuppam

In Mevaloorkuppam, there are 69 streets under the Sriperumpudur SRO that have 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. Nehru Cross Street's 2024 guideline value is below this median.

• Nehru Street: Rs 300 per sq.ft (2024)
• Nadu Street: Rs 200 per sq.ft (2024)
• Moorthiyar Nagar: Rs 200 per sq.ft (2024)
• Mevaloorkuppam Road(Nayapakkam Road): Rs 600 per sq.ft (2024)
• Mevaloorkuppam Nedunsalai: Rs 400 per sq.ft (2024)
• Mettu Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Nehru Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Nehru Cross Street?

The Sub Registrar Office that covers Nehru Cross 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 is a critical factor in the registration process when buying or selling property in Mevaloorkuppam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Nehru Cross Street?

The current guideline value of Nehru Cross Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then to Rs 100 per sq.ft in 2023, and back to Rs 200 per sq.ft in 2024.

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

Other streets in Mevaloorkuppam include Nehru Street at Rs 300 per sq.ft, Nadu Street at Rs 200 per sq.ft, Moorthiyar Nagar at Rs 200 per sq.ft, Mevaloorkuppam Road (Nayapakkam Road) at Rs 600 per sq.ft, Mevaloorkuppam Nedunsalai at Rs 400 per sq.ft, and Mettu Street at Rs 200 per sq.ft.

What are the stamp duty and registration fees for property in Nehru Cross Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at Rs 200 per sq.ft, the total fees would amount to Rs 18,000.

Which Sub Registrar Office covers Nehru Cross Street?

The Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone, covers Nehru Cross Street.