Guideline Value for MAHALAKSHMI NAGAR

Mahalakshmi Nagar guideline value

The current guideline value of Mahalakshmi Nagar, located in Puliyampakkam village under the Walajabad SRO, is Rs 300 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Mahalakshmi Nagar has changed

Since the 2017 revision, the guideline value for Mahalakshmi Nagar has remained consistent at Rs 300 per sq.ft through the 2023 and 2024 revisions. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

In summary, there have been no changes in the guideline value from 2017 to 2024, with a consistent rate of Rs 300 per sq.ft across the revisions in 2017, 2023, and 2024, reflecting a stable valuation during this period.

Guideline values in Puliyampakkam

In Puliyampakkam, there are 26 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 550 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Mahalakshmi Nagar's 2024 figure above this median.

• Nanbarkal Nagar: Rs 250 per sq.ft (2024)
• Kamatchi Amman Nagar: Rs 335 per sq.ft (2024)
• Iyyappan Nagar: Rs 300 per sq.ft (2024)
• Periyar Nagar: Rs 300 per sq.ft (2024)
• G.Shanthi Nagar: Rs 200 per sq.ft (2024)
• Gangai Nagar Phase -II: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Mahalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is 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 falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor during property registration in Puliyampakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that both the buyer and seller adhere to the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Mahalakshmi Nagar?

The current guideline value of Mahalakshmi Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Mahalakshmi Nagar has remained at Rs 300 per sq.ft since the 2017 revision, with no changes recorded in the revisions of 2023 and 2024.

What is the land classification for Mahalakshmi Nagar?

The land classification for Mahalakshmi Nagar is Residential Special Type - III.

What are the stamp duty rates for properties in Mahalakshmi Nagar?

The stamp duty for properties in Mahalakshmi Nagar is 7% of the guideline value, and the registration fee is 2% of the guideline value.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.