Guideline Value

Corporate

Guideline Value for Mahadevan Street

₹2970/sq.ft.

The guideline value for Mahadevan Street in Hastinapuram village (Pallavaram SRO, Chengalpattu zone) is Rs 2970 per sq.ft, effective 1 July 2024. It was Rs 2700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Hastinapuram

Village

Pallavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2970 /sq.ft.
From 1-4-2023 ₹2700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1809 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹525 /sq.ft.
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 Mahadevan Street

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Mahadevan Street guideline value

The current guideline value of Mahadevan Street is Rs 2,970 per sq.ft, effective from 1 July 2024. This street is located in Hastinapuram village under the Pallavaram SRO and is classified as Residential Class I Type - I.

How the guideline value of Mahadevan Street has changed

Over the years, the guideline value of Mahadevan Street has seen significant changes. The 2007 revision recorded a value of Rs 525 per sq.ft, which increased to Rs 2,700 per sq.ft in 2012, marking a substantial rise of 414%. However, the value dropped to Rs 1,809 per sq.ft in 2017, reflecting a decrease of 33%. The next revision in 2023 set the value at Rs 2,700 per sq.ft, followed by a 10% increase to Rs 2,970 per sq.ft in 2024.

There are no figures available for the revisions in 2002 and 2003 for Mahadevan Street. From 2017 to 2023, the guideline value increased by 49%, and overall, from 2007 to 2024, there has been a remarkable increase of 466%.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median value of these streets is Rs 2,970 per sq.ft, which is equal to the current guideline value of Mahadevan Street.

Stamp duty and registration fee for property in Mahadevan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,970 per sq.ft, the total guideline value amounts to Rs 29,70,000. The stamp duty at 7% would be Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, bringing the total to Rs 2,67,300. It is important to note that the 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 Mahadevan Street?

The Sub Registrar Office that covers Mahadevan Street 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 more information.

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

The guideline value is a critical factor in property transactions in Hastinapuram. It determines the minimum value at which properties can be registered, ensuring that transactions are conducted at a fair value as per the government's assessment.

When buying or selling property, the guideline value influences the stamp duty and registration fees applicable. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, impacting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Mahadevan Street?

The current guideline value of Mahadevan Street is Rs 2,970 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 525 per sq.ft in 2007 to Rs 2,970 per sq.ft in 2024, marking an overall increase of 466%.

What are the other streets in Hastinapuram with similar guideline values?

Other streets in Hastinapuram with the same guideline value of Rs 2,970 per sq.ft include Maheshwari Nagar 1st, 2nd, 3rd, 4th, and Maheswari Streets.

What is the registration fee for property in Mahadevan Street?

The registration fee for property in Mahadevan Street is calculated at 2% of the guideline value. For a property valued at Rs 29,70,000, the registration fee would be Rs 59,400.

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

The Sub Registrar Office for Mahadevan Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.