Guideline Value

Corporate

Guideline Value for MAHAVEER NAGAR

₹250/sq.ft.

The guideline value for Mahaveer Nagar in Anupampattu_2 village (Ponneri SRO, Chennai zone) is Rs 250 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a -17% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Anupampattu_2

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹250 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /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)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[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 Mahaveer Nagar

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Mahaveer Nagar guideline value

The current guideline value of Mahaveer Nagar in Anupampattu_2 village, under the Ponneri SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Mahaveer Nagar has changed

The guideline value for Mahaveer Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft, which increased to Rs 300 per sq.ft in 2023. However, in the 2024 revision, the value decreased to Rs 250 per sq.ft, marking a 17% reduction from the previous year. It is important to note that the register has no figures for this street for the years 2002, 2003, 2007, and 2012.

Overall, the guideline value has increased by 24% from the 2017 figure to the 2024 figure. The significant changes include a 49% increase from 2017 to 2023, followed by the decrease in 2024.

Guideline values in Anupampattu_2

In Anupampattu_2, there are 35 streets under the Ponneri SRO that have a 2024 guideline value ranging from Rs 250 to Rs 500 per sq.ft. The median value for these streets is Rs 250 per sq.ft, which is the same as the guideline value for Mahaveer Nagar.

Stamp duty and registration fee for property in Mahaveer Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mahaveer Nagar?

The Mahaveer Nagar area is covered by the Ponneri Sub Registrar Office located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Anupampattu_2

The guideline value is a crucial factor when buying or selling property in Anupampattu_2. It is used to determine the stamp duty and registration fees applicable during the property transaction. The guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions.

When you approach the registration office, the guideline value will be referenced to calculate the necessary fees. This value is essential for both buyers and sellers to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Mahaveer Nagar?

The current guideline value of Mahaveer Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then decreased to Rs 250 per sq.ft in 2024. This represents a 49% increase from 2017 to 2023, followed by a 17% decrease in 2024.

What is the land classification for Mahaveer Nagar?

Mahaveer Nagar is classified as Residential Class II Type - I. This classification is important for understanding the zoning and permissible uses of the land.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles property registrations in the Mahaveer Nagar area.

How is the stamp duty calculated for properties in Mahaveer Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 250 per sq.ft would incur a total stamp duty and registration fee of Rs 22,500.