Guideline Value for MAHAR COMPUTER SYSTEMS

Mahar Computer Systems guideline value

The current guideline value for Mahar Computer Systems is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in Karapakkam village under the Neelankarai SRO, classified as Residential Class II Type - II.

How the guideline value of Mahar Computer Systems has changed

The guideline value for Mahar Computer Systems has undergone several revisions over the years. In 2012, the value was Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 2,000 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, placing the guideline value for Mahar Computer Systems above this median.

• MAHATMA GANDHI 1st CROSS STREET: Rs 2,200 per sq.ft (2024)
• MAHATMA GANDHI 2nd CROSS STREET: Rs 2,200 per sq.ft (2024)
• Mahatma Gandhi Street: Rs 2,200 per sq.ft (2024)
• Madhurai Street: Rs 1,100 per sq.ft (2024)
• L.V.2nd STREET: Rs 1,000 per sq.ft (2024)
• L.V.1st STREET: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Mahar Computer Systems

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the 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 precise calculations.

Which Sub Registrar Office covers Mahar Computer Systems?

The Mahar Computer Systems property falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Karapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value for Mahar Computer Systems?

The current guideline value for Mahar Computer Systems is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Mahar Computer Systems is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and market trends in the area.