Guideline Value for Maha Kavi Alvar Street

Maha Kavi Alvar Street guideline value

The current guideline value of Maha Kavi Alvar Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village under the Padappai SRO, classified as Residential Class III Type - I.

How the guideline value of Maha Kavi Alvar Street has changed

The guideline value for Maha Kavi Alvar Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 300 per sq.ft. This increased significantly to Rs 1,800 per sq.ft in the 2012 revision, marking a 500% rise. However, in the 2017 revision, the value dropped to Rs 1,206 per sq.ft, representing a decrease of 33%. The 2023 revision saw a substantial increase to Rs 1,800 per sq.ft, followed by another increase to Rs 1,980 per sq.ft in the 2024 revision, which is a 10% rise.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 560%. The register has no figures for Maha Kavi Alvar Street for the years 2002 and 2003.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, indicating that Maha Kavi Alvar Street's 2024 figure is below this median.

• Mahakavi Bharathi Nagar: Rs 2,970 per sq.ft (2024)
• Magesh Nagar Extn: Rs 2,310 per sq.ft (2024)
• Magesh Nagar: Rs 2,310 per sq.ft (2024)
• Madurakavi Alwar Theru: Rs 2,310 per sq.ft (2024)
• Mahalaxmi Nagar: Rs 2,640 per sq.ft (2024)
• Madan Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Maha Kavi Alvar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Maha Kavi Alvar Street?

The Maha Kavi Alvar Street falls under the jurisdiction of the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perungalathur. It determines the minimum value at which the property can be registered, ensuring that the transaction reflects a fair value for tax purposes.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Maha Kavi Alvar Street?

The current guideline value of Maha Kavi Alvar Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 560% over the years.

What is the registration office for Maha Kavi Alvar Street?

The registration office for Maha Kavi Alvar Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

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

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Where can I find more information about stamp duty and registration fees?

You can find more information and calculate your fees using the stamp duty and registration fee calculator.