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Guideline Value

Corporate

Guideline Value for Mahakavi Bharathi Nagar,Mahalakshmi Nagar 2nd Street

₹2750/sq.ft.

The guideline value for Mahakavi Bharathi Nagar,mahalakshmi Nagar 2nd Street in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Mahakavi Bharathi Nagar,mahalakshmi Nagar 2nd Street

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Mahakavi Bharathi Nagar,Mahalakshmi Nagar 2nd Street guideline value

The current guideline value for Mahakavi Bharathi Nagar,Mahalakshmi Nagar 2nd Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in the Madipakkam-1 village under the Velacheri SRO, and the land classification is Residential Class I Type - III.

How the guideline value of Mahakavi Bharathi Nagar,Mahalakshmi Nagar 2nd Street has changed

The guideline value for Mahakavi Bharathi Nagar,Mahalakshmi Nagar 2nd Street has seen significant changes over the years. In the 2017 revision, the value was set at Rs 1,675 per sq.ft. With the 2024 revision, the guideline value increased to Rs 2,750 per sq.ft, marking a substantial rise of 64% from the previous figure.

There are no figures available for the revisions in 2023, 2012, 2007, and 2003 for this street. The 2024 figure aligns with the median guideline value of Rs 2,750 per sq.ft for the 1,823 streets in Madipakkam-1 under the Velacheri SRO.

Guideline values in Madipakkam-1

The guideline values in Madipakkam-1 range from Rs 1,650 to Rs 5,500 per sq.ft, with the median being Rs 2,750 per sq.ft. Mahakavi Bharathi Nagar,Mahalakshmi Nagar 2nd Street's 2024 guideline value matches this median.

Stamp duty and registration fee for property in Mahakavi Bharathi Nagar,Mahalakshmi Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. 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 Mahakavi Bharathi Nagar,Mahalakshmi Nagar 2nd Street?

The Mahakavi Bharathi Nagar,Mahalakshmi Nagar 2nd Street is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value plays a crucial role during the registration of property transactions in Madipakkam-1. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the registration process adheres to government regulations.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This helps in maintaining transparency in property transactions and ensures that both buyers and sellers are aware of the financial implications involved.

Frequently asked questions

What is the current guideline value for Mahakavi Bharathi Nagar,Mahalakshmi Nagar 2nd Street?

The current guideline value for Mahakavi Bharathi Nagar,Mahalakshmi Nagar 2nd Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,750 per sq.ft in 2024, representing a change of 64%.

Are there any years without guideline value figures for this street?

Yes, there are no figures available for the years 2023, 2012, 2007, and 2003 for Mahakavi Bharathi Nagar,Mahalakshmi Nagar 2nd Street.

What is the land classification for this street?

The land classification for Mahakavi Bharathi Nagar,Mahalakshmi Nagar 2nd Street is Residential Class I Type - III.

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.