Guideline Value

Corporate

Guideline Value for Mahalakshmi Nagar 2nd Main Road

₹2090/sq.ft.

The guideline value for Mahalakshmi Nagar 2nd Main Road in Noombal village (Kunrathur SRO, Chennai zone) is Rs 2090 per sq.ft, effective 1 July 2024. It was Rs 1900 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

Noombal

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2090 /sq.ft.
From 1-4-2023 ₹1900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1273 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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 2nd Main Road

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Mahalakshmi Nagar 2nd Main Road guideline value

The current guideline value of Mahalakshmi Nagar 2nd Main Road is Rs 2,090 per sq.ft. This road is located in Noombal village and falls under the Kunrathur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Mahalakshmi Nagar 2nd Main Road has changed

The guideline value for Mahalakshmi Nagar 2nd Main Road has seen several revisions over the years. The 2017 revision set the value at Rs 1,273 per sq.ft, which increased to Rs 1,900 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the guideline value to Rs 2,090 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. The 2023 to 2024 revision reflects a change of +10%, while the change from 2017 to 2023 was +49%.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, which is equal to the guideline value of Mahalakshmi Nagar 2nd Main Road.

Stamp duty and registration fee for property in Mahalakshmi Nagar 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value amounts to Rs 20,90,000. The stamp duty at 7% would be Rs 1,46,300, while the registration fee at 2% would be Rs 41,800, bringing the total cost for these fees to Rs 1,88,100. 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 2nd Main Road?

The Sub Registrar Office that covers Mahalakshmi Nagar 2nd Main Road is 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 Noombal

The guideline value is a crucial factor during the registration of property transactions in Noombal. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that all transactions are aligned with the official valuation set by the government.

Frequently asked questions

What is the current guideline value of Mahalakshmi Nagar 2nd Main Road?

The current guideline value of Mahalakshmi Nagar 2nd Main Road is Rs 2,090 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,273 per sq.ft in 2017 to Rs 2,090 per sq.ft in 2024, marking an overall increase of 64% over this period.

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

For a property valued at Rs 20,90,000, the stamp duty would be Rs 1,46,300 and the registration fee would be Rs 41,800, totaling Rs 1,88,100.

Which office handles property registrations in Mahalakshmi Nagar?

The Kunrathur Sub Registrar Office is responsible for property registrations in Mahalakshmi Nagar 2nd Main Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the guideline value determined for properties in Noombal?

The guideline value for properties in Noombal is set by the Registration Department and is used to calculate stamp duty and registration fees during property transactions.