Guideline Value for Mahalakshmi Nagar Extn 4th street

Mahalakshmi Nagar Extn 4th street guideline value

The current guideline value of Mahalakshmi Nagar Extn 4th street is Rs 2,750 per sq.ft. 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 street has changed

The guideline value register shows no figures for Mahalakshmi Nagar Extn 4th street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only revision available is from 2024, which has set the guideline value at Rs 2,750 per sq.ft, effective from 1 July 2024.

Since there are no previous figures for this street, the 2024 revision stands as the first recorded guideline value. There have been no changes between revisions, as this street has only one figure available in the register.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that have a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft. The guideline value of Mahalakshmi Nagar Extn 4th street matches this median.

• Mahalakshmi Nagar Extn 4th Cross Street: Rs 2,750 per sq.ft (2024)
• Mahalakshmi Nagar Extn 5th Cross Street: Rs 2,750 per sq.ft (2024)
• Mahalakshmi Nagar Extn 3rd street: Rs 2,750 per sq.ft (2024)
• Mahalakshmi Nagar Extn 5th street: Rs 2,750 per sq.ft (2024)
• Mahalakshmi Nagar Extn 3rd Cross Street: Rs 2,750 per sq.ft (2024)
• Mahalakshmi Nagar Extn 6th street: Rs 2,750 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value totals Rs 27,50,000. The stamp duty at 7% amounts to Rs 1,92,500, and the registration fee at 2% is Rs 55,000, bringing the total to Rs 2,47,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mahalakshmi Nagar Extn 4th street?

The Sub Registrar Office that covers Mahalakshmi Nagar Extn 4th street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Madipakkam-1, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value during negotiations and when preparing for registration to ensure compliance with local regulations.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Mahalakshmi Nagar Extn 4th street?

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

What is the land classification for Mahalakshmi Nagar Extn 4th street?

The land classification for Mahalakshmi Nagar Extn 4th street is Residential Class I Type - III.

How many streets are there in Madipakkam-1 under the Velacheri SRO?

There are 1,823 streets in Madipakkam-1 under the Velacheri SRO that carry a 2024 guideline value.

What are the stamp duty and registration fees for a property in Mahalakshmi Nagar Extn 4th street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 2,47,500.

Where is the Velacheri Sub Registrar Office located?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.