Guideline Value

Corporate

Guideline Value for Mahalakshmi Nagar Extn 4th Cross Street

₹2750/sq.ft.

The guideline value for Mahalakshmi Nagar Extn 4th Cross Street in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1675 /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.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 Extn 4th Cross Street

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Mahalakshmi Nagar Extn 4th Cross Street guideline value

The current guideline value of Mahalakshmi Nagar Extn 4th Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village, under the Velacheri SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Mahalakshmi Nagar Extn 4th Cross Street has changed

The guideline value for Mahalakshmi Nagar Extn 4th Cross Street has seen significant changes over the years. The 2017 revision set the value at Rs 1,675 per sq.ft, which was then increased to Rs 2,750 per sq.ft in the 2024 revision, marking a change of +64%.

It is important to note that there are no figures available for this street in the revisions for the years 2023, 2012, 2007, 2003, and 2002. Therefore, the only registered figures are from 2017 and 2024.

Guideline values in Madipakkam-1

The guideline values for Madipakkam-1 show a range from Rs 1,650 to Rs 5,500 per sq.ft, with the median being Rs 2,750 per sq.ft. The guideline value for Mahalakshmi Nagar Extn 4th Cross Street matches this median.

Stamp duty and registration fee for property in Mahalakshmi Nagar Extn 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. 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 more personalized calculations.

Which Sub Registrar Office covers Mahalakshmi Nagar Extn 4th Cross Street?

The Mahalakshmi Nagar Extn 4th Cross Street falls under the Velacheri Sub Registrar Office. The address is No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value plays a crucial role during the registration of property transactions in Madipakkam-1. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Mahalakshmi Nagar Extn 4th Cross Street?

The current guideline value for Mahalakshmi Nagar Extn 4th Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,750 per sq.ft, which is a change of +64%.

What are the other streets with the same guideline value in Madipakkam-1?

Other streets in Madipakkam-1 that share the same guideline value of Rs 2,750 per sq.ft include Mahalakshmi Nagar Extn 3rd street, 4th street, 3rd Cross Street, 5th Cross Street, 2nd street, and 5th street.

What is the registration fee for property in Mahalakshmi Nagar Extn 4th Cross Street?

The registration fee for property in Mahalakshmi Nagar Extn 4th Cross Street is calculated at 2% of the guideline value. For a 1,000 sq.ft plot, this would amount to Rs 55,000.

Where can I find the Sub Registrar Office for Mahalakshmi Nagar Extn 4th Cross Street?

The Sub Registrar Office covering Mahalakshmi Nagar Extn 4th Cross Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.