Guideline Value for URBAN EDGE PHASE - III

Urban Edge Phase - III guideline value

The current guideline value for Urban Edge Phase - III in Mevaloorkuppam B village is Rs 2,200 per sq.ft, effective from 1 July 2024. This property falls under the Sriperumpudur SRO and is classified as Residential Class I Type - III.

How the guideline value of Urban Edge Phase - III has changed

The guideline value for Urban Edge Phase - III has seen several revisions over the years. The register has no figures for the revisions in 2002, 2003, 2007, 2012, and 2017. The most recent figures are from the 2023 revision at Rs 2,000 per sq.ft, which increased by 10% to Rs 2,200 per sq.ft in the 2024 revision.

This increase reflects the changes made in the guideline value over time. The 2023 revision marked the last recorded figure before the current 2024 value, showcasing a clear upward adjustment in the guideline value per sq.ft.

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 value for these streets is Rs 400 per sq.ft, placing Urban Edge Phase - III above that median.

• Urban Edge Phase-II: Rs 2,200 per sq.ft (2024)
• Vasan Nagar: Rs 400 per sq.ft (2024)
• Thiruvalluvar Street: Rs 300 per sq.ft (2024)
• Venkateswara Nagar: Rs 1,320 per sq.ft (2024)
• Venkateswara Nagar - II: Rs 300 per sq.ft (2024)
• VGP Industrial Form: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Urban Edge Phase - III

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total charges to Rs 1,98,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher.

You can use the stamp duty and registration fee calculator for more details on your specific property transaction.

Which Sub Registrar Office covers Urban Edge Phase - III?

The Sub Registrar Office covering Urban Edge Phase - III 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 B

The guideline value is a crucial factor during the registration process when buying or selling property in Mevaloorkuppam B. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately in the official registers.

When a property is sold, the guideline value serves as a benchmark for the sale price, and the authorities will assess the transaction based on this value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for Urban Edge Phase - III?

The current guideline value for Urban Edge Phase - III is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, marking a 10% increase. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value for streets in Mevaloorkuppam B?

The median guideline value for the 84 streets in Mevaloorkuppam B is Rs 400 per sq.ft. Urban Edge Phase - III's guideline value is above this median.

What are the stamp duty and registration fees for Urban Edge Phase - III?

For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000, resulting in a stamp duty of Rs 1,54,000 and a registration fee of Rs 44,000, totaling Rs 1,98,000.

Where can I find the Sub Registrar Office for Urban Edge Phase - III?

The Sub Registrar Office for Urban Edge Phase - III is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.