Guideline Value

Corporate

Guideline Value for Mahalakshmi Nagar 10th Cross Street

₹1540/sq.ft.

The guideline value for Mahalakshmi Nagar 10th Cross Street in Thiruverkadu village (Kunrathur SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruverkadu

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /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 10th Cross Street

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Mahalakshmi Nagar 10th Cross Street guideline value

The current guideline value of Mahalakshmi Nagar 10th Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village under the Kunrathur SRO, and it is classified as Residential Class I Type - I.

How the guideline value of Mahalakshmi Nagar 10th Cross Street has changed

Over the years, the guideline value for Mahalakshmi Nagar 10th Cross Street has seen several revisions. The 2012 revision set the value at Rs 1,400 per sq.ft, which was a decrease of 33% from the Rs 938 per sq.ft recorded in the 2017 revision. In 2023, the value was revised to Rs 1,400 per sq.ft, and it increased by 10% to Rs 1,540 per sq.ft in the 2024 revision.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. The overall change from 2012 to 2024 shows a modest increase of 10%, reflecting the adjustments made in the more recent revisions.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median guideline value is Rs 1,540 per sq.ft, which is equal to the 2024 figure for Mahalakshmi Nagar 10th Cross Street.

Stamp duty and registration fee for property in Mahalakshmi Nagar 10th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Mahalakshmi Nagar 10th Cross Street?

The Mahalakshmi Nagar 10th Cross Street is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruverkadu. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory costs that must be paid during the transaction.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any legal issues. This value is regularly updated to reflect changes in the real estate market and is essential for maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Mahalakshmi Nagar 10th Cross Street?

The current guideline value of Mahalakshmi Nagar 10th Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2023 to Rs 1,540 per sq.ft in 2024, which is a 10% increase. It was Rs 938 per sq.ft in 2017, showing a 49% increase to the 2023 figure.

What is the land classification for Mahalakshmi Nagar 10th Cross Street?

Mahalakshmi Nagar 10th Cross Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for Mahalakshmi Nagar 10th Cross Street?

The registration office for Mahalakshmi Nagar 10th Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Thiruverkadu?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 15,40,000, the stamp duty at 7% would be Rs 1,07,800.