Guideline Value for S&P THE CREST

S&p The Crest guideline value

The current guideline value of S&p The Crest is Rs 1,320 per sq.ft, effective from 1 July 2024. This property is located in Mevaloorkuppam B village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of S&p The Crest has changed

The guideline value for S&p The Crest has seen a revision from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, marking an increase of 10%. Prior to the 2023 revision, the register has no figures for this street for the years 2002, 2003, 2007, 2012, and 2017.

In the most recent revision for 2024, the guideline value is set at Rs 1,320 per sq.ft. This increase reflects the ongoing adjustments made by the Registration Department to align with current market conditions.

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. The guideline value of S&p The Crest is above this median, indicating its relative position within the local market.

• Sree Sayee Nagar: Rs 1,320 per sq.ft (2024)
• Selliyamman Koil Street: Rs 100 per sq.ft (2024)
• Sri Ram Nagar: Rs 500 per sq.ft (2024)
• Saraswathy Nagar: Rs 300 per sq.ft (2024)
• Santhu Street: Rs 300 per sq.ft (2024)
• Santhi Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in S&p The Crest

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. 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 S&p The Crest?

The Sub Registrar Office that covers S&p The Crest 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 plays a crucial role during the registration of property transactions in Mevaloorkuppam B. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these fees reflect the current market conditions as set by the Registration Department.

When buying or selling property, the guideline value is used to calculate the applicable duties and fees, which are essential for the legal transfer of property ownership. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of S&p The Crest?

The current guideline value of S&p The Crest is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value changed from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, which is an increase of 10%.

What is the land classification for S&p The Crest?

S&p The Crest is classified as Residential Special Type - I, indicating its designation for residential use within the area.

Which office handles registrations for properties in Mevaloorkuppam B?

The Sriperumpudur Sub Registrar Office handles registrations for properties in Mevaloorkuppam B, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in S&p The Crest?

The stamp duty for properties in S&p The Crest is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 92,400.