Guideline Value for MAHANATH GARDEN

Mahanath Garden guideline value

The current guideline value of Mahanath Garden in Velamoor village is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Acchirapakkam SRO and is classified as Residential Special Type - I.

How the guideline value of Mahanath Garden has changed

The guideline value for Mahanath Garden has remained consistent over the past two revisions. In the 2023 revision, the value was set at Rs 300 per sq.ft, and this figure has not changed in the 2024 revision, which also lists the value at Rs 300 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

As such, there has been no increase or decrease in the guideline value from 2023 to 2024, reflecting a stable valuation for this property. The guideline value per sq.ft has remained constant at Rs 300 across these revisions.

Guideline values in Velamoor

In Velamoor, three streets currently have a 2024 guideline value of Rs 300 per sq.ft, with Mahanath Garden's value aligning with the median of Rs 300 per sq.ft. The following are the other streets in Velamoor under the Acchirapakkam SRO:

• R K K Garden: Rs 300 per sq.ft (2024)
• Vmr Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Mahanath Garden

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, bringing the total fees to Rs 27,000. 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 details.

Which Sub Registrar Office covers Mahanath Garden?

The Mahanath Garden area is covered by the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical component in the registration process for property transactions in Velamoor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation and ensuring compliance with local regulations. Buyers and sellers should be aware of the current guideline value to accurately assess their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Mahanath Garden?

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

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 300 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the stamp duty and registration fees for property in Mahanath Garden?

For a 1,000 sq.ft plot valued at Rs 300 per sq.ft, the guideline value totals Rs 3,00,000. The stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which office handles registrations for Mahanath Garden?

The Acchirapakkam Sub Registrar Office handles registrations for Mahanath Garden, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.

How is the guideline value determined for property transactions?

The guideline value is determined by the Registration Department and is used as a basis for calculating stamp duty and registration fees. It ensures that properties are valued appropriately during transactions, reflecting their worth in the market.