Guideline Value for Mahalakshmi Avenue

Mahalakshmi Avenue guideline value

The current guideline value of Mahalakshmi Avenue is Rs 900 per sq.ft. This street is located in Rathinamangalam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Mahalakshmi Avenue has changed

Over the years, the guideline value of Mahalakshmi Avenue has undergone several revisions. In the 2012 revision, the guideline value was Rs 900 per sq.ft. This value remained unchanged until the 2017 revision, where it decreased to Rs 603 per sq.ft, reflecting a drop of 33%. However, in the 2023 revision, the guideline value increased to Rs 900 per sq.ft, marking a significant rise of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained the same at Rs 900 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Rathinamangalam

Currently, there are no specific village figures available for Rathinamangalam. Mahalakshmi Avenue is one of the streets under the Gooduvancheri SRO. Unfortunately, there are no other streets in Rathinamangalam for which guideline values are provided.

Stamp duty and registration fee for property in Mahalakshmi Avenue

For a 1,000 sq.ft plot at the current rate of Rs 900 per sq.ft, the guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, bringing the total to Rs 81,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mahalakshmi Avenue?

The Sub Registrar Office that covers Mahalakshmi Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Rathinamangalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is particularly significant during the registration process, as it influences the amount of stamp duty and registration fees payable, which are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Mahalakshmi Avenue?

The current guideline value of Mahalakshmi Avenue is Rs 900 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has been Rs 900 per sq.ft until it dropped to Rs 603 per sq.ft in 2017. It then returned to Rs 900 per sq.ft in the 2023 revision.

What are the stamp duty and registration fees for properties in Mahalakshmi Avenue?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 63,000 and the registration fee would be Rs 18,000, totaling Rs 81,000.

Which Sub Registrar Office covers Mahalakshmi Avenue?

The Gooduvancheri Sub Registrar Office covers Mahalakshmi Avenue, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there other streets in Rathinamangalam with guideline values?

Currently, there are no other streets in Rathinamangalam for which guideline values are provided.