Guideline Value for MAHASAKTHI NAGAR & STREETS

Mahasakthi Nagar & Streets guideline value

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

How the guideline value of Mahasakthi Nagar & Streets has changed

The guideline value for Mahasakthi Nagar & Streets has seen significant changes over the years. In the 2017 revision, the value was Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 750 per sq.ft, reflecting a 7% increase from the previous year.

Notably, the overall change from the 2017 revision to the 2024 revision is a substantial 60%. There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

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 value is Rs 750 per sq.ft, which aligns with the 2024 figure for Mahasakthi Nagar & Streets.

• Mahasakthi Nagar & Streets & Extn: Rs 750 per sq.ft (2024)
• Mahalakshmi Nagar & Streets: Rs 750 per sq.ft (2024)
• Mandapam Road: Rs 750 per sq.ft (2024)
• Mandapam Street & Road: Rs 440 per sq.ft (2024)
• Mangala Garden: Rs 750 per sq.ft (2024)
• Lingam Bharma: Rs 840 per sq.ft (2024)

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

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 at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total fees to Rs 67,500. It is important to note that 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?

The Mahasakthi Nagar & Streets area is covered by the Avadi Sub Registrar Office, 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 during the registration of property transactions in Thiruninravur-A. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is often used as a benchmark to ensure that the transaction is registered at a fair value. This helps maintain transparency in property transactions within the region.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 750 per sq.ft in 2024, marking an overall increase of 60% over this period.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Mahasakthi Nagar & Streets is set at 7% of the guideline value or sale price, whichever is higher.

Where can I find more information about the registration office?

The Avadi Sub Registrar Office covers Mahasakthi Nagar & Streets. For more information, you can visit the official website to find your SRO.

What is the median guideline value in Thiruninravur-A?

The median guideline value in Thiruninravur-A is Rs 750 per sq.ft, which is the same as the current guideline value for Mahasakthi Nagar & Streets.