Guideline Value for MAHARISHIKUDILAM

Maharishikudilam guideline value

The current guideline value of Maharishikudilam is Rs 150 per sq.ft, effective from 1 July 2024. This property is located in Ponthavakkam village under the Oothukkottai SRO, classified as Residential Class I Type - I.

How the guideline value of Maharishikudilam has changed

The guideline value for Maharishikudilam has undergone several revisions over the years. In 2017, the value was Rs 100 per sq.ft, which increased by 50% to Rs 150 per sq.ft in the 2023 revision. The 2024 revision also maintains the value at Rs 150 per sq.ft, showing no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 50%. The consistent value of Rs 150 per sq.ft in both 2023 and 2024 indicates stability in the guideline value during this period.

Guideline values in Ponthavakkam

Ponthavakkam village features a range of guideline values across its streets, with six streets under the Oothukkottai SRO carrying a 2024 figure ranging from Rs 100 to Rs 600 per sq.ft. The median value is Rs 150 per sq.ft, which is equal to the guideline value of Maharishikudilam.

• Kalaimagal Nagar: Rs 150 per sq.ft (2024)
• Jaisakthi Avenue: Rs 100 per sq.ft (2024)
• Sri Ambika Nagar: Rs 150 per sq.ft (2024)
• Sri Balaji Nagar: Rs 150 per sq.ft (2024)
• Sri Vari Avune: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Maharishikudilam

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value is Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. Please 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 Maharishikudilam?

The Oothukkottai Sub Registrar Office covers Maharishikudilam, located near the government hospital in Uthukottai, 602026, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is crucial in the registration process when buying or selling property in Ponthavakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When a property is sold, the guideline value helps to determine the minimum price at which the property can be registered. This is essential for both buyers and sellers to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Maharishikudilam?

The current guideline value of Maharishikudilam is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in both 2023 and 2024, showing a 50% increase overall since 2017.

What are the other streets in Ponthavakkam with their guideline values?

Other streets in Ponthavakkam include Kalaimagal Nagar and Sri Ambika Nagar at Rs 150 per sq.ft, Jaisakthi Avenue at Rs 100 per sq.ft, and Sri Vari Avune at Rs 600 per sq.ft as per the 2024 revision.

What is the stamp duty rate for property in Maharishikudilam?

The stamp duty rate for property in Maharishikudilam is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Maharishikudilam?

The Sub Registrar Office for Maharishikudilam is located at the Oothukkottai Sub Registrar Office, near the government hospital in Uthukottai, 602026, Chennai registration zone.