Guideline Value for MAHENDRA CITY

Mahendra City guideline value

The current guideline value of Mahendra City in Kattur village is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under the Ponneri Sub Registrar Office and is classified as Residential Class II Type - I.

How the guideline value of Mahendra City has changed

In the 2017 revision, the guideline value was Rs 67 per sq.ft. This figure increased to Rs 100 per sq.ft in the 2023 revision, marking a change of +49%. The 2024 revision also maintains this value at Rs 100 per sq.ft, resulting in no change from the previous year.

There are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by +49%.

Guideline values in Kattur

In Kattur, there are 11 streets under the Ponneri SRO that carry a 2024 guideline value, all set at Rs 100 per sq.ft, with the median also being Rs 100 per sq.ft. Mahendra City's 2024 figure is equal to this median.

• Mesiya Garden: Rs 100 per sq.ft (2024)
• Messiah Garden: Rs 100 per sq.ft (2024)
• Om Enterprises: Rs 100 per sq.ft (2024)
• Santhosam Nagar: Rs 100 per sq.ft (2024)
• Best Nagar: Rs 100 per sq.ft (2024)
• Sri Ayyanar Colony: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Mahendra City

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mahendra City?

The Mahendra City 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 Kattur

The guideline value is a crucial factor when registering property transactions in Kattur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for calculating the stamp duty, which is charged on the higher of the guideline value or the sale price. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Mahendra City?

The current guideline value of Mahendra City in Kattur village is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 67 per sq.ft to Rs 100 per sq.ft in 2023 and has remained the same in 2024, resulting in a total increase of +49% from 2017 to 2024.

What are the other streets in Kattur with the same guideline value?

Other streets in Kattur under the Ponneri SRO also have a guideline value of Rs 100 per sq.ft for 2024. These include Mesiya Garden, Messiah Garden, Om Enterprises, Santhosam Nagar, Best Nagar, and Sri Ayyanar Colony.

What are the stamp duty and registration fees for property in Mahendra City?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000. This is based on the guideline value of Rs 100 per sq.ft.

Where is the Sub Registrar Office for Mahendra City located?

The Ponneri Sub Registrar Office, which covers Mahendra City, is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.