Guideline Value for MAHALAKSHMI NAGAR

Mahalakshmi Nagar guideline value

The current guideline value of Mahalakshmi Nagar is Rs 1,407 per sq.ft. This area is located in Thaiyur-A village under the Thiruporur Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - III.

How the guideline value of Mahalakshmi Nagar has changed

In the 2017 revision, the guideline value for Mahalakshmi Nagar was Rs 1,407 per sq.ft. The same value was maintained in the 2023 revision, showing no change over this period, with a percentage change of +0%. The register has no figures for the revisions in 2002, 2003, 2007, 2012, and 2024.

Since the guideline value has remained constant at Rs 1,407 per sq.ft from 2017 to 2023, it indicates stability in this specific area. The absence of figures for earlier and later revisions suggests that there has been no recorded change in guideline values for Mahalakshmi Nagar during those periods.

Guideline values in Thaiyur-A

Currently, there are no specific village figures available for Thaiyur-A. Mahalakshmi Nagar is one of the streets under the Thiruporur SRO. There are no other streets in Thaiyur-A listed with guideline values.

Stamp duty and registration fee for property in Mahalakshmi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,407 per sq.ft, the guideline value amounts to Rs 14,07,000. The stamp duty at 7% would be Rs 98,490, and the registration fee at 2% would be Rs 28,140. Together, the total cost for stamp duty and registration would be Rs 1,26,630. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Mahalakshmi Nagar?

The Mahalakshmi Nagar area is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Thaiyur-A

The guideline value is a crucial factor when buying or selling property in Thaiyur-A, as it determines the minimum value at which property transactions can be registered. This value is used to calculate the stamp duty and registration fees that must be paid during the transaction process.

When a buyer or seller engages in a property transaction, the guideline value ensures that the property is registered at a fair value, which helps maintain transparency in the real estate market. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Mahalakshmi Nagar?

The current guideline value of Mahalakshmi Nagar is Rs 1,407 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Mahalakshmi Nagar has remained unchanged at Rs 1,407 per sq.ft from the 2017 revision to the 2023 revision, showing a 0% change.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,26,630, which includes a stamp duty of Rs 98,490 and a registration fee of Rs 28,140.

Which office handles property registration for Mahalakshmi Nagar?

The Thiruporur Sub Registrar Office handles property registration for Mahalakshmi Nagar, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Is there any guideline value for earlier or later revisions?

The register has no figures for the revisions in 2002, 2003, 2007, 2012, and 2024 for Mahalakshmi Nagar, indicating that no changes were recorded during those years.