Guideline Value

Corporate

Guideline Value for Mahalakshmi Nagar Ist Main Road

₹2090/sq.ft.

The guideline value for Mahalakshmi Nagar Ist 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 Ist Main Road

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Mahalakshmi Nagar Ist Main Road guideline value

The current guideline value of Mahalakshmi Nagar Ist Main Road is Rs 2,090 per sq.ft, effective from 1 July 2024. This road is located in Noombal village under the Kunrathur Sub Registrar Office (SRO), and the land classification is Residential Special Type - I.

How the guideline value of Mahalakshmi Nagar Ist Main Road has changed

The guideline value for Mahalakshmi Nagar Ist Main Road has seen several revisions over the years. The 2017 revision set the value at Rs 1,273 per sq.ft. This increased to Rs 1,900 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent 2024 revision has further increased the guideline value to Rs 2,090 per sq.ft, which is 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 revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,500 per sq.ft, with a median value of Rs 2,090 per sq.ft. Mahalakshmi Nagar Ist Main Road's 2024 guideline value matches this median.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 20,90,000. The stamp duty at 7% would amount to Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total to Rs 1,88,100. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Mahalakshmi Nagar Ist Main Road?

The Mahalakshmi Nagar Ist Main Road is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Noombal

The guideline value is a crucial factor during the registration process when buying or selling property in Noombal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid to the government.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

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

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

How much has the guideline value changed in recent years?

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

What is the land classification for Mahalakshmi Nagar Ist Main Road?

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

Where can I find the registration office for Mahalakshmi Nagar Ist Main Road?

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

How is the stamp duty calculated for properties in Noombal?

Stamp duty for properties in Noombal is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7% of the guideline value or sale price.