Guideline Value for MAHIDHARA CENTRAL - II SECTOR-I

Mahidhara Central - II Sector-I guideline value

The current guideline value of Mahidhara Central - II Sector-I is Rs 903 per sq.ft. This property is located in Kondavakkam village, under the Sriperumpudur SRO, and has a land classification of Mixed Type - III.

How the guideline value of Mahidhara Central - II Sector-I has changed

The guideline value for Mahidhara Central - II Sector-I has seen several revisions over the years. The 2017 revision set the value at Rs 605 per sq.ft, which remained unchanged in the 2023 revision at Rs 903 per sq.ft. The 2024 revision also maintains the same figure of Rs 903 per sq.ft, indicating a 49% increase from the 2017 revision to the 2023 revision.

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

Guideline values in Kondavakkam

In Kondavakkam, there are six streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 250 to Rs 903 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Mahidhara Central - II Sector-I above this median.

• Mahidara Central: Rs 700 per sq.ft (2024)
• NRI Centre City: Rs 700 per sq.ft (2024)
• NRI centre city ph.II: Rs 700 per sq.ft (2024)
• Sri Sai Balaji Nagar: Rs 250 per sq.ft (2024)
• Teachers Spanish City: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Mahidhara Central - II Sector-I

For a 1,000 sq.ft plot at the current rate of Rs 903 per sq.ft, the guideline value amounts to Rs 9,03,000. The stamp duty at 7% would be Rs 63,210, and the registration fee at 2% would be Rs 18,060, totaling Rs 81,270. 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 Mahidhara Central - II Sector-I?

The Sub Registrar Office that covers Mahidhara Central - II Sector-I is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Kondavakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay during the registration process.

When buying or selling a property, it is crucial to be aware of the current guideline value, as it affects the overall costs involved in the transaction. Buyers should ensure that they are informed about the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Mahidhara Central - II Sector-I?

The current guideline value of Mahidhara Central - II Sector-I is Rs 903 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 605 per sq.ft in 2017 to Rs 903 per sq.ft in 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What is the land classification for Mahidhara Central - II Sector-I?

The land classification for Mahidhara Central - II Sector-I is Mixed Type - III.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 9,03,000, the stamp duty would be Rs 63,210, and the registration fee would be Rs 18,060, totaling Rs 81,270.

Which Sub Registrar Office is responsible for this property?

The Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone, is responsible for properties in Mahidhara Central - II Sector-I.