Guideline Value for MAHESWARI STREET

Maheswari Street guideline value

The current guideline value of Maheswari Street in Zaminpallavaram village is Rs 3,850 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram Sub Registrar Office (SRO) and is classified as Mixed Type - I land.

How the guideline value of Maheswari Street has changed

In the 2012 revision, the guideline value was set at Rs 3,500 per sq.ft. However, this figure decreased significantly to Rs 2,345 per sq.ft in the 2017 revision, marking a decline of 33%. The value then saw a substantial increase of 60% to Rs 3,750 per sq.ft in the 2023 revision. The most recent revision in 2024 has further increased the guideline value by 3% to Rs 3,850 per sq.ft.

The register does not contain figures for the years 2002, 2003, and 2007 for Maheswari Street. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%.

Guideline values in Zaminpallavaram

Zaminpallavaram has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft as of 2024. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Maheswari Street's 2024 value above this median.

• Maheshwari Street: Rs 3,850 per sq.ft (2024)
• Malai Oram Street (Near Dharka Road): Rs 2,160 per sq.ft (2024)
• Malai Oram Street (Near Subam Nagar): Rs 2,160 per sq.ft (2024)
• Malanganandapuram: Rs 3,300 per sq.ft (2024)
• Malanganandapuram 1st Street: Rs 3,300 per sq.ft (2024)
• Malanganandapuram 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Maheswari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty charged at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total cost for these fees to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Maheswari Street?

The Maheswari Street falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Zaminpallavaram. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs align with the official valuation of the property.

When buying or selling property, it is essential to refer to the latest guideline value to understand the financial implications. This value is set by the Registration Department and is updated periodically to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value of Maheswari Street?

The current guideline value of Maheswari Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 3,500 to Rs 3,850 per sq.ft in 2024. The most significant change occurred between 2017 and 2023, where it increased by 60%.

What is the land classification of Maheswari Street?

Maheswari Street is classified as Mixed Type - I land according to the guidelines set by the Pallavaram SRO.

Where can I find the Sub Registrar Office for Maheswari Street?

The Sub Registrar Office covering Maheswari Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Maheswari Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 at 7%.