Guideline Value

Corporate

Guideline Value for Mahalakshmi Nagar 5th Main Road

₹2090/sq.ft.

The guideline value for Mahalakshmi Nagar 5th 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 5th Main Road

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Mahalakshmi Nagar 5th Main Road guideline value

The current guideline value of Mahalakshmi Nagar 5th 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. The land classification for this area is Residential Special Type - I.

How the guideline value of Mahalakshmi Nagar 5th Main Road has changed

The guideline value for Mahalakshmi Nagar 5th Main Road has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,273 per sq.ft, which increased to Rs 1,900 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 raised the value to 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 figures available 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 a 2024 guideline value ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median guideline value for the village is Rs 2,090 per sq.ft, which is equal to the current value of Mahalakshmi Nagar 5th Main Road.

Stamp duty and registration fee for property in Mahalakshmi Nagar 5th 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 use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Mahalakshmi Nagar 5th Main Road?

The Sub Registrar Office that covers Mahalakshmi Nagar 5th Main Road is 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 Noombal

When buying or selling property in Noombal, the guideline value is a crucial factor in determining the stamp duty and registration fees. Buyers must pay these charges based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is legally compliant.

Additionally, the guideline value serves as a reference point for property transactions in the area, helping both buyers and sellers understand the expected value of properties based on official records.

Frequently asked questions

What is the current guideline value of Mahalakshmi Nagar 5th Main Road?

The current guideline value of Mahalakshmi Nagar 5th 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 an overall increase of 64% over this period.

Which Sub Registrar Office covers this area?

The Kunrathur Sub Registrar Office covers Mahalakshmi Nagar 5th Main Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What are the stamp duty and registration fees for properties here?

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.

What is the land classification for Mahalakshmi Nagar 5th Main Road?

The land classification for Mahalakshmi Nagar 5th Main Road is Residential Special Type - I.