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Guideline Value

Corporate

Guideline Value for MAHARISHI TEACHER HOUSING SOCIETY

₹1650/sq.ft.

The guideline value for Maharishi Teacher Housing Society in Sivabootham village (Chennai South Joint I SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sivabootham

Village

Chennai South Joint I

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹379 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Maharishi Teacher Housing Society

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Maharishi Teacher Housing Society guideline value

The current guideline value for Maharishi Teacher Housing Society is Rs 1,650 per sq.ft, effective from 1 July 2024. This property is located in Sivabootham village under the Chennai South Joint I SRO, classified as Residential Class I Type - I.

How the guideline value of Maharishi Teacher Housing Society has changed

The guideline value for Maharishi Teacher Housing Society has seen several revisions over the years. In 2007, the guideline value was Rs 379 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it then decreased to Rs 1,005 per sq.ft in 2017. The most recent revisions show an increase to Rs 1,500 per sq.ft in 2023, and further to Rs 1,650 per sq.ft in 2024. There are no figures available for the years 2002 and 2003 for this street.

From 2012 to 2017, the guideline value decreased by 33%, while it increased by 49% from 2017 to 2023. The jump from 2023 to 2024 is a 10% increase. Overall, from 2007 to 2024, the guideline value has increased by 335%.

Guideline values in Sivabootham

Sivabootham village has 39 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,120 to Rs 3,300 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value for Maharishi Teacher Housing Society aligns with this median.

Stamp duty and registration fee for property in Maharishi Teacher Housing Society

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost for these fees to Rs 1,48,500. 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 details.

Which Sub Registrar Office covers Maharishi Teacher Housing Society?

The Maharishi Teacher Housing Society falls under the jurisdiction of the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is documented at a fair value, which aids in maintaining transparency in real estate dealings. It is essential for both parties to be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for Maharishi Teacher Housing Society?

The current guideline value for Maharishi Teacher Housing Society is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has fluctuated, starting at Rs 379 per sq.ft in 2007 and reaching Rs 1,650 per sq.ft in 2024. Notable changes include a decrease from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, followed by increases in subsequent years.

What is the land classification for Maharishi Teacher Housing Society?

Maharishi Teacher Housing Society is classified as Residential Class I Type - I, which indicates its suitability for residential purposes.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office covering Maharishi Teacher Housing Society is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for properties in Maharishi Teacher Housing Society?

Stamp duty for properties is calculated at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable, which can be calculated based on the guideline value.