Guideline Value for Mahalakshmi Nagar (Phase-I) (EDEN GARDEN)

Mahalakshmi Nagar (Phase-I) (EDEN GARDEN) guideline value

The current guideline value of Mahalakshmi Nagar (Phase-I) (EDEN GARDEN) is Rs 1,300 per sq.ft, effective from 1 July 2024. This property is located in Sethupattu village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Special Type - IV.

How the guideline value of Mahalakshmi Nagar (Phase-I) (EDEN GARDEN) has changed

The guideline value for Mahalakshmi Nagar (Phase-I) has remained stable over the past two revisions. The 2023 revision also listed the guideline value at Rs 1,300 per sq.ft, indicating no change from the previous year. Notably, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

As a result, the guideline value has not seen any percentage increase or decrease from 2023 to 2024, remaining at Rs 1,300 per sq.ft. This consistency suggests a stable valuation for the property in this area.

Guideline values in Sethupattu

In Sethupattu, there are 23 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 300 per sq.ft. Mahalakshmi Nagar (Phase-I) is above this median, reflecting its higher valuation within the village.

• Mahalakshmi Nagar (Phase-II) in Eden Garden: Rs 1,300 per sq.ft (2024)
• Maruthi Nagar: Rs 250 per sq.ft (2024)
• Highway Avenue: Rs 200 per sq.ft (2024)
• Perumal Koil Street: Rs 250 per sq.ft (2024)
• Green City: Rs 1,500 per sq.ft (2024)
• P.S.Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Mahalakshmi Nagar (Phase-I) (EDEN GARDEN)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total fees together to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mahalakshmi Nagar (Phase-I) (EDEN GARDEN)?

The Sub Registrar Office that covers Mahalakshmi Nagar (Phase-I) (EDEN GARDEN) is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

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

When buying or selling property, it is essential for both parties to be aware of the guideline value, as it directly impacts the financial obligations involved in the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid complications during registration.

Frequently asked questions

What is the current guideline value for Mahalakshmi Nagar (Phase-I)?

The current guideline value for Mahalakshmi Nagar (Phase-I) (EDEN GARDEN) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained consistent at Rs 1,300 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the land classification for Mahalakshmi Nagar (Phase-I)?

The land classification for Mahalakshmi Nagar (Phase-I) (EDEN GARDEN) is Residential Special Type - IV, indicating its designated use within the village.

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

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000. The duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for Mahalakshmi Nagar (Phase-I)?

The Sriperumpudur Sub Registrar Office handles registrations for Mahalakshmi Nagar (Phase-I) (EDEN GARDEN). It is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.