Guideline Value for MAHARAJA PROMOTERS

Maharaja Promoters guideline value

The current guideline value for Maharaja Promoters in Mampattu village is Rs 251 per sq.ft, effective from 1 July 2024. This property falls under the Madurandakam SRO and is classified as Residential Special Type - I.

How the guideline value of Maharaja Promoters has changed

The guideline value for Maharaja Promoters has seen several revisions over the years. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 167 per sq.ft, reflecting a decline of 33%. Following this, the 2023 revision increased the value to Rs 250 per sq.ft, and the most recent 2024 revision has set it at Rs 251 per sq.ft, showing no change from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained constant at Rs 250 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Mampattu

In Mampattu, the guideline value for Maharaja Promoters is currently Rs 251 per sq.ft. This places it alongside other streets in the area, which have varying guideline values.

• Sriradi Sai Ram Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Maharaja Promoters

For a 1,000 sq.ft plot at the current guideline value of Rs 251 per sq.ft, the total guideline value amounts to Rs 2,51,000. The stamp duty is calculated at 7%, resulting in Rs 17,570, while the registration fee at 2% amounts to Rs 5,020. Therefore, the total cost for stamp duty and registration fees together is Rs 22,590. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Maharaja Promoters?

The Sub Registrar Office that covers Maharaja Promoters is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find more details by visiting find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mampattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, the guideline value is used to ensure that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers must be aware of the current guideline value to accurately calculate the associated costs.

Frequently asked questions

What is the current guideline value for Maharaja Promoters?

The current guideline value for Maharaja Promoters is Rs 251 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then back to Rs 250 per sq.ft in 2023, and finally to Rs 251 per sq.ft in 2024.

What is the land classification for Maharaja Promoters?

Maharaja Promoters is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for property in Maharaja Promoters?

The stamp duty for a property valued at Rs 2,51,000 is Rs 17,570, and the registration fee is Rs 5,020, totaling Rs 22,590 for both fees combined.

Which office handles the registration for Maharaja Promoters?

The Madurandakam Sub Registrar Office handles the registration for Maharaja Promoters, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.