Guideline Value for GURU MAHENDRA NAGAR

Guru Mahendra Nagar guideline value

The current guideline value of Guru Mahendra Nagar is Rs 2,800 per sq.ft, effective from 1 July 2024. This area is located in Kovur village and falls under the Kunrathur SRO. The land classification for this street is Residential Class IV Type - III.

How the guideline value of Guru Mahendra Nagar has changed

The guideline value register shows no figures for Guru Mahendra Nagar for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision in 2024 sets the guideline value at Rs 2,800 per sq.ft.

There have been no changes between the revisions above, as the register only lists the current value for 2024. Thus, the only available figure for this street is from the 2024 revision.

Guideline values in Kovur

In Kovur, there are 91 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of Guru Mahendra Nagar is above this median.

• Indira Nagar: Rs 1,650 per sq.ft (2024)
• Gangadhran street: Rs 2,300 per sq.ft (2024)
• Eswaran Nagar Annex: Rs 1,320 per sq.ft (2024)
• Eswaran Nagar: Rs 1,320 per sq.ft (2024)
• East Madaveethi: Rs 1,320 per sq.ft (2024)
• Kalyani Avenue: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Guru Mahendra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, resulting in a total of Rs 2,52,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Guru Mahendra Nagar?

The Guru Mahendra Nagar area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your specific SRO, you can visit this find your SRO link.

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

The guideline value is a crucial factor in the registration of property transactions in Kovur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential to note that the final duty is charged based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Guru Mahendra Nagar?

The current guideline value of Guru Mahendra Nagar is Rs 2,800 per sq.ft, effective from 1 July 2024.

What land classification is Guru Mahendra Nagar?

Guru Mahendra Nagar is classified as Residential Class IV Type - III.

How has the guideline value changed over the years?

The guideline value register shows no figures for Guru Mahendra Nagar in the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,800 per sq.ft.

What are the guideline values of other streets in Kovur?

In Kovur, the guideline values for other streets range from Rs 1,320 to Rs 3,300 per sq.ft. The median value is Rs 1,650 per sq.ft, and Guru Mahendra Nagar's value is above this median.

Where can I find the registration office for Guru Mahendra Nagar?

The registration office for Guru Mahendra Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.