Guideline Value for MAHASAKTHI NAGAR & STREETS & EXTN

Mahasakthi Nagar & Streets & Extn guideline value

The current guideline value of Mahasakthi Nagar & Streets & Extn is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B 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 2017 revision set the value at Rs 469 per sq.ft. This figure increased significantly in the 2023 revision to Rs 700 per sq.ft, marking a change of 49%. The most recent 2024 revision has further raised the guideline value to Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median value for these streets is Rs 770 per sq.ft, which is equal to the current guideline value for Mahasakthi Nagar & Streets & Extn.

• Mahasakthi Nagar & Streets: Rs 770 per sq.ft (2024)
• Mahalakshmi Nagar & Streets: Rs 770 per sq.ft (2024)
• Mandapam Road: Rs 770 per sq.ft (2024)
• Mandapam Street & Road: Rs 440 per sq.ft (2024)
• Mangala Garden: Rs 770 per sq.ft (2024)
• Lingam Bharma: Rs 870 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400. Together, the total charges would be Rs 69,300. 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 detailed calculations.

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

The Mahasakthi Nagar & Streets & Extn area is covered by the Avadi Sub Registrar Office. The address is 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-B

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruninravur-B. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

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 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and then to Rs 770 per sq.ft in 2024. This represents a 64% increase from 2017 to 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.

Which office handles registrations for Mahasakthi Nagar & Streets & Extn?

The Avadi Sub Registrar Office handles registrations for Mahasakthi Nagar & Streets & Extn, 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 this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 at a rate of 7%.