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Guideline Value

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Guideline Value for Mahalakshmi Street (Ashok Nagar)

₹880/sq.ft.

The guideline value for Mahalakshmi Street (ashok Nagar) in Kovilpathagai village (Ambattur SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kovilpathagai

Village

Ambattur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /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)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Mahalakshmi Street (ashok Nagar)

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Mahalakshmi Street (Ashok Nagar) guideline value

The current guideline value of Mahalakshmi Street (Ashok Nagar) is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village and falls under the Ambattur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Mahalakshmi Street (Ashok Nagar) has changed

The guideline value for Mahalakshmi Street (Ashok Nagar) has undergone several revisions over the years. In 2012, the guideline value was Rs 800 per sq.ft. This was followed by a decrease to Rs 536 per sq.ft in 2017. The subsequent revision in 2023 saw an increase to Rs 800 per sq.ft, and the most recent revision in 2024 raised it further to Rs 880 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. Overall, comparing the figures from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Kovilpathagai

In Kovilpathagai village, there are 278 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 803 to Rs 2,900 per sq.ft, with a median value of Rs 870 per sq.ft. Mahalakshmi Street (Ashok Nagar) has a guideline value above this median.

Stamp duty and registration fee for property in Mahalakshmi Street (Ashok Nagar)

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. It is important to note that 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 Mahalakshmi Street (Ashok Nagar)?

The Sub Registrar Office that covers Mahalakshmi Street (Ashok Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kovilpathagai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Mahalakshmi Street (Ashok Nagar)?

The current guideline value of Mahalakshmi Street (Ashok Nagar) is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 increasing it from Rs 800 per sq.ft in 2023 to Rs 880 per sq.ft. The value has seen fluctuations, including a decrease in 2017 to Rs 536 per sq.ft from Rs 800 in 2012.

What is the land classification for Mahalakshmi Street (Ashok Nagar)?

The land classification for Mahalakshmi Street (Ashok Nagar) is Residential Class II Type - I. This classification indicates the type of development permissible in the area.

Where can I find the Sub Registrar Office for Mahalakshmi Street (Ashok Nagar)?

The Sub Registrar Office for Mahalakshmi Street (Ashok Nagar) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Kovilpathagai?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at the rate of 7%.