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Guideline Value

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Guideline Value for MAXWORTH NAGAR 1 TO 10 MAIN ROAD

₹4400/sq.ft.

The guideline value for Maxworth Nagar 1 To 10 Main Road in S. Kullathur village (Pallavaram SRO, Chengalpattu zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

S. Kullathur

Village

Pallavaram

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
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)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Maxworth Nagar 1 To 10 Main Road

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Maxworth Nagar 1 To 10 Main Road guideline value

The current guideline value for Maxworth Nagar 1 To 10 Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in S. Kullathur village under the Pallavaram SRO and is classified as Commercial Class I Type - II.

How the guideline value of Maxworth Nagar 1 To 10 Main Road has changed

The guideline value for Maxworth Nagar 1 To 10 Main Road has seen several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 4,000 per sq.ft. In 2017, this value decreased to Rs 2,680 per sq.ft, marking a decline of 33%. However, by 2023, the guideline value increased significantly to Rs 4,000 per sq.ft, and in the latest revision for 2024, it rose further to Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. Notably, the value jumped by 49% from Rs 2,680 per sq.ft in 2017 to Rs 4,000 per sq.ft in 2023. The revisions for the years 2002, 2003, and 2007 do not have recorded figures for this street.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, placing Maxworth Nagar 1 To 10 Main Road above this median.

Stamp duty and registration fee for property in Maxworth Nagar 1 To 10 Main Road

For a property measuring 1,000 sq.ft at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. The total cost for these fees would be Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Maxworth Nagar 1 To 10 Main Road?

The Sub Registrar Office that covers Maxworth Nagar 1 To 10 Main Road is 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 additional information.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value plays a crucial role in the registration process of property transactions in S. Kullathur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with local regulations during property transactions. It also helps in establishing a clear understanding of the financial obligations involved in the transfer of property ownership.

Frequently asked questions

What is the current guideline value for Maxworth Nagar 1 To 10 Main Road?

The current guideline value for Maxworth Nagar 1 To 10 Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then back to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for Maxworth Nagar 1 To 10 Main Road?

Maxworth Nagar 1 To 10 Main Road is classified as Commercial Class I Type - II.

What are the other streets in S. Kullathur?

Other streets in S. Kullathur include Maxworth Nagar, Maruthupandiyar Avenue, Maruthapanidan Avenue 1 To 8 Streets, Marudhapandiayar Avenue Etention, Mariamman Koil Street, and M.G.R.Nagar 1 To 7 Streets, with varying guideline values.

Where is the Sub Registrar Office located?

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