Guideline Value

Corporate

Guideline Value for Mahalakshmi Nagar / Annexe

₹1210/sq.ft.

The guideline value for Mahalakshmi Nagar / Annexe in Kolumanivakkam village (Kunrathur SRO, Chennai zone) is Rs 1210 per sq.ft, effective 1 July 2024. It was Rs 1100 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolumanivakkam

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1210 /sq.ft.
From 1-4-2023 ₹1100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1100 /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)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Mahalakshmi Nagar / Annexe

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Mahalakshmi Nagar / Annexe guideline value

The current guideline value of Mahalakshmi Nagar / Annexe is Rs 1,210 per sq.ft, effective from 1 July 2024. This area is located in Kolumanivakkam village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Mahalakshmi Nagar / Annexe has changed

The guideline value for Mahalakshmi Nagar / Annexe has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 1,100 per sq.ft, which decreased to Rs 737 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,100 per sq.ft. The current 2024 revision reflects a further increase of 10%, resulting in the current value of Rs 1,210 per sq.ft.

It is noteworthy that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kolumanivakkam

In Kolumanivakkam, there are 47 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,290 per sq.ft. The median value for these streets is Rs 1,350 per sq.ft, positioning Mahalakshmi Nagar / Annexe below this median.

Stamp duty and registration fee for property in Mahalakshmi Nagar / Annexe

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total fees together to Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mahalakshmi Nagar / Annexe?

The Mahalakshmi Nagar / Annexe area falls under the Kunrathur Sub Registrar Office located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kolumanivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state revenue is collected appropriately through stamp duty and registration fees.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. It is important for buyers and sellers to be aware of the current guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Mahalakshmi Nagar / Annexe?

The current guideline value of Mahalakshmi Nagar / Annexe is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,210 per sq.ft in 2024.

What is the median guideline value in Kolumanivakkam?

The median guideline value in Kolumanivakkam is Rs 1,350 per sq.ft for the 2024 revision. Mahalakshmi Nagar / Annexe's value is below this median.

What are the stamp duty and registration fees for Mahalakshmi Nagar / Annexe?

For a 1,000 sq.ft plot, the total guideline value is Rs 12,10,000. The stamp duty would be Rs 84,700, and the registration fee would be Rs 24,200, totaling Rs 1,08,900.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles registrations for properties in Mahalakshmi Nagar / Annexe.