Guideline Value

Corporate

Guideline Value for Mahalakshmi Nagar 4th Main Road

₹2090/sq.ft.

The guideline value for Mahalakshmi Nagar 4th 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 4th Main Road

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Mahalakshmi Nagar 4th Main Road guideline value

The current guideline value of Mahalakshmi Nagar 4th Main Road is Rs 2,090 per sq.ft, effective from 1 July 2024. This road is located in Noombal village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Mahalakshmi Nagar 4th Main Road has changed

Over the years, the guideline value of Mahalakshmi Nagar 4th Main Road has seen significant changes. The earliest recorded figure is from the 2017 revision, which was Rs 1,273 per sq.ft. This value increased to Rs 1,900 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 has set the value at Rs 2,090 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Noombal

Noombal village has 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 guideline value for these streets is Rs 2,090 per sq.ft, which is equal to the current value of Mahalakshmi Nagar 4th Main Road.

Stamp duty and registration fee for property in Mahalakshmi Nagar 4th 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, and the registration fee at 2% would be Rs 41,800, bringing the total cost 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 also use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Mahalakshmi Nagar 4th Main Road?

The Mahalakshmi Nagar 4th Main Road falls under the jurisdiction of 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 plays a crucial role in property transactions in Noombal. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When registering a property, the guideline value is considered the minimum value for taxation purposes. This means that the stamp duty and registration fees will be calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Mahalakshmi Nagar 4th Main Road?

The current guideline value of Mahalakshmi Nagar 4th Main Road is Rs 2,090 per sq.ft, effective from 1 July 2024.

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 a total increase of 64% over these years.

What is the land classification for Mahalakshmi Nagar 4th Main Road?

Mahalakshmi Nagar 4th Main Road is classified as Residential Special Type - I.

Where can I find the registration office for Mahalakshmi Nagar?

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 20,90,000, the stamp duty would be Rs 1,46,300 at 7%.