Guideline Value

Corporate

Guideline Value for MAHALAKSHMI NAGAR ANNEXE II

₹1350/sq.ft.

The guideline value for Mahalakshmi Nagar Annexe Ii in Kolumanivakkam village (Kunrathur SRO, Chennai zone) is Rs 1350 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 13% change. The land classification is Mixed Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolumanivakkam

Village

Kunrathur

SRO

Mixed Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1350 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
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 Ii

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Mahalakshmi Nagar Annexe II guideline value

The current guideline value of Mahalakshmi Nagar Annexe II is Rs 1,350 per sq.ft, effective from 1 July 2024. This locality is situated in Kolumanivakkam village under the Kunrathur SRO, and the land classification is Mixed Special Type - I.

How the guideline value of Mahalakshmi Nagar Annexe II has changed

Since the 2012 revision, the guideline value for Mahalakshmi Nagar Annexe II has seen several changes. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the most recent 2024 revision raised it to Rs 1,350 per sq.ft, marking a 13% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, while the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 13%. The register has no figures for the years 2002, 2003, and 2007 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, with the median being Rs 1,350 per sq.ft. The guideline value for Mahalakshmi Nagar Annexe II is equal to this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,350 per sq.ft, the total guideline value would be Rs 13,50,000. The stamp duty at 7% would be Rs 94,500, and the registration fee at 2% would be Rs 27,000, bringing the total to Rs 1,21,500. 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 accurate calculations.

Which Sub Registrar Office covers Mahalakshmi Nagar Annexe II?

The Mahalakshmi Nagar Annexe II area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Kolumanivakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property, it is essential to be aware of the guideline value, as it impacts the overall cost of buying a property. Understanding these values can help buyers make informed decisions and ensure compliance with local regulations during the registration process.

Frequently asked questions

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

The current guideline value of Mahalakshmi Nagar Annexe II is Rs 1,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,350 per sq.ft in 2024.

What is the land classification for Mahalakshmi Nagar Annexe II?

The land classification for Mahalakshmi Nagar Annexe II is Mixed Special Type - I.

What are the other streets in Kolumanivakkam?

Other streets in Kolumanivakkam include Mahalakshmi Nagar Annexe III, Mahalakshmi Nagar / Annexe, Mahalakshmi Nagar Extension, Mahalakshmi Nagar, Manickam Nagar, and Kumari Nagar, each with their respective guideline values.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles the registration of properties in the area.