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Guideline Value

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Guideline Value for MAHALAKSHMI NAGAR ANNEXE III

₹2630/sq.ft.

The guideline value for Mahalakshmi Nagar Annexe Iii in Kolumanivakkam village (Kunrathur SRO, Chennai zone) is Rs 2630 per sq.ft, effective 1 July 2024. It was Rs 2389 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolumanivakkam

Village

Kunrathur

SRO

Mixed Type - II
History
Period Guideline Value
From 1-7-2024 ₹2630 /sq.ft.
From 1-4-2023 ₹2389 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1600 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Mahalakshmi Nagar Annexe Iii

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Mahalakshmi Nagar Annexe III guideline value

The current guideline value of Mahalakshmi Nagar Annexe III is Rs 2,630 per sq.ft, effective from 1 July 2024. This area is located in Kolumanivakkam village and falls under the Kunrathur SRO. The land classification for this street is Mixed Type - II.

How the guideline value of Mahalakshmi Nagar Annexe III has changed

The guideline value for Mahalakshmi Nagar Annexe III has seen several revisions over the years. The oldest recorded figure is from the 2017 revision, which was Rs 1,600 per sq.ft. This increased to Rs 2,389 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 set the guideline value at Rs 2,630 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the current 2024 figure, there has been a total increase of 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kolumanivakkam

In Kolumanivakkam, there are 47 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,290 per sq.ft. The median guideline value for the area is Rs 1,350 per sq.ft, placing Mahalakshmi Nagar Annexe III above this median.

Stamp duty and registration fee for property in Mahalakshmi Nagar Annexe III

For a 1,000 sq.ft plot at the current guideline value of Rs 2,630 per sq.ft, the total guideline value amounts to Rs 26,30,000. The stamp duty at 7% would be Rs 1,84,100, and the registration fee at 2% would be Rs 52,600, bringing the total charges together to Rs 2,36,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mahalakshmi Nagar Annexe III?

The Mahalakshmi Nagar Annexe III area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kolumanivakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is considered the minimum value for registration purposes. Buyers should be aware that the stamp duty is calculated based on the higher value between the guideline value and the actual sale price.

Frequently asked questions

What is the current guideline value of Mahalakshmi Nagar Annexe III?

The current guideline value of Mahalakshmi Nagar Annexe III is Rs 2,630 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,600 per sq.ft in 2017 to Rs 2,630 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the median guideline value in Kolumanivakkam?

The median guideline value for Kolumanivakkam is Rs 1,350 per sq.ft, which is lower than the current guideline value for Mahalakshmi Nagar Annexe III.

What are the stamp duty and registration fees for a property in Mahalakshmi Nagar Annexe III?

For a 1,000 sq.ft plot, the total guideline value is Rs 26,30,000. The stamp duty would be Rs 1,84,100 and the registration fee would be Rs 52,600, totaling Rs 2,36,700.

Which office handles property registrations in Mahalakshmi Nagar Annexe III?

The Kunrathur Sub Registrar Office at No.59, Road Street, Kundrathur, Chennai -600 069 handles property registrations for Mahalakshmi Nagar Annexe III.