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Guideline Value

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Guideline Value for MAHASAKTHI NAGAR & STREETS & EXTN

₹750/sq.ft.

The guideline value for Mahasakthi Nagar & Streets & Extn in Thiruninravur-a village (Avadi SRO, Chennai zone) is Rs 750 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-a

Village

Avadi

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹750 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Mahasakthi Nagar & Streets & Extn

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Mahasakthi Nagar & Streets & Extn guideline value

The current guideline value of Mahasakthi Nagar & Streets & Extn is Rs 750 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village and falls under the Avadi SRO. The land classification for this street is Residential Class II Type - III.

How the guideline value of Mahasakthi Nagar & Streets & Extn has changed

The guideline value for Mahasakthi Nagar & Streets & Extn has undergone several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 469 per sq.ft. This figure increased significantly to Rs 700 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 has set the guideline value at Rs 750 per sq.ft, reflecting a 7% increase from the previous year.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 60%, showcasing a substantial rise in the value of properties in this area.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 750 per sq.ft, which aligns with the current figure for Mahasakthi Nagar & Streets & Extn.

Stamp duty and registration fee for property in Mahasakthi Nagar & Streets & Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty is calculated at 7%, which comes to Rs 52,500, while the registration fee is charged at 2%, amounting to Rs 15,000. Together, the total cost for stamp duty and registration fee is Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mahasakthi Nagar & Streets & Extn?

The Sub Registrar Office that covers Mahasakthi Nagar & Streets & Extn is the Avadi Sub Registrar Office. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value plays a crucial role when buying or selling property in Thiruninravur-A. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction, as these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Mahasakthi Nagar & Streets & Extn?

The current guideline value of Mahasakthi Nagar & Streets & Extn is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and finally to Rs 750 per sq.ft in 2024.

What is the land classification for Mahasakthi Nagar & Streets & Extn?

The land classification for Mahasakthi Nagar & Streets & Extn is Residential Class II Type - III.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Mahasakthi Nagar & Streets & Extn?

Stamp duty for properties in Mahasakthi Nagar & Streets & Extn is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.