Guideline Value for MAHALAKSHMI GARDEN

Mahalakshmi Garden guideline value

The current guideline value of Mahalakshmi Garden is Rs 500 per sq.ft. This property is located in Thozhuvur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Mahalakshmi Garden has changed

The guideline value for Mahalakshmi Garden has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 500 per sq.ft. However, this figure saw a decrease in the 2017 revision, where it was revised to Rs 335 per sq.ft. The latest revision in 2023 brought the guideline value back up to Rs 500 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007, as well as for 2024.

When examining the changes between these revisions, from 2012 to 2017, there was a decrease of 33%. Conversely, from 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2012 and 2023 revisions, the guideline value remains unchanged at Rs 500 per sq.ft.

Guideline values in Thozhuvur

Currently, there are no specific village figures available for Thozhuvur. Mahalakshmi Garden is one of the properties under the Tiruvallur Joint 1 SRO, and there are no other streets in Thozhuvur listed.

Stamp duty and registration fee for property in Mahalakshmi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. It is important to note that the 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 information.

Which Sub Registrar Office covers Mahalakshmi Garden?

The Mahalakshmi Garden area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Thozhuvur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer approaches the registration office, the guideline value is assessed based on the size of the property. The applicable fees are calculated based on this value, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Mahalakshmi Garden?

The current guideline value of Mahalakshmi Garden is Rs 500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, and then back to Rs 500 per sq.ft in 2023.

What is the stamp duty rate for properties in Mahalakshmi Garden?

The stamp duty rate for properties in Mahalakshmi Garden is 7% of the guideline value or sale price, whichever is higher.

Where is the Tiruvallur Joint 1 SRO located?

The Tiruvallur Joint 1 SRO is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

Are there any other streets in Thozhuvur with guideline values?

Currently, there are no other streets in Thozhuvur listed with guideline values under the Tiruvallur Joint 1 SRO.