Guideline Value for MAHIDARA SAROVAR

Mahidara Sarovar guideline value

The current guideline value of Mahidara Sarovar is Rs 250 per sq.ft, effective from the 2024 revision. This street is located in Koppur village under the Manavalanagar SRO, classified as Residential Class I Type - II.

How the guideline value of Mahidara Sarovar has changed

The guideline value register for Mahidara Sarovar shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 250 per sq.ft.

Since there are no figures available for the previous revisions, it can be noted that the only figure present is from the 2024 revision. There have been no changes between these revisions.

Guideline values in Koppur

Koppur village has 14 streets under the Manavalanagar SRO that carry a 2024 guideline value, ranging from Rs 202 to Rs 1,800 per sq.ft, with a median value of Rs 400 per sq.ft. Mahidara Sarovar's 2024 figure is below this median.

• Maha Nagar: Rs 350 per sq.ft (2024)
• Happy Home Colony: Rs 450 per sq.ft (2024)
• Senthoor Nagar: Rs 450 per sq.ft (2024)
• Aura Residences Phase -3: Rs 1,800 per sq.ft (2024)
• Green Homes: Rs 450 per sq.ft (2024)
• Green Homes Part 3: Rs 450 per sq.ft (2024)

Stamp duty and registration fee for property in Mahidara Sarovar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to 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 duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mahidara Sarovar?

The Mahidara Sarovar area falls under the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

To find your specific SRO, you can find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Koppur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair price, as it reflects the official value set by the registration department. This helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Mahidara Sarovar?

The current guideline value of Mahidara Sarovar is Rs 250 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value register shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only figure available is from the 2024 revision, which is Rs 250 per sq.ft.

What is the classification of land in Mahidara Sarovar?

Mahidara Sarovar is classified as Residential Class I Type - II under the land classification system.

What is the stamp duty rate for properties in Mahidara Sarovar?

The stamp duty rate for properties in Mahidara Sarovar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Mahidara Sarovar?

The Sub Registrar Office covering Mahidara Sarovar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai.