Guideline Value

Corporate

Guideline Value for Mahalakshmi Nagar Main Road

₹1540/sq.ft.

The guideline value for Mahalakshmi Nagar Main Road in Thiruverkadu village (Kunrathur SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruverkadu

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /sq.ft.
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 Main Road

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Mahalakshmi Nagar Main Road guideline value

The current guideline value of Mahalakshmi Nagar Main Road is Rs 1,540 per sq.ft, effective from 1 July 2024. This road is located in Thiruverkadu village under the Kunrathur SRO, classified as Residential Class I Type - I.

How the guideline value of Mahalakshmi Nagar Main Road has changed

The guideline value for Mahalakshmi Nagar Main Road has undergone several revisions over the years. The earliest recorded figure is from 2012, at Rs 1,400 per sq.ft. In 2017, this value decreased to Rs 938 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 1,400 per sq.ft in 2023, and further rose to Rs 1,540 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The 2023 revision saw a 49% increase from the 2017 figure, while the 2024 revision compared to 2023 represents a 10% increase. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, which is equal to the current guideline value for Mahalakshmi Nagar Main Road.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, resulting in a total of Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mahalakshmi Nagar Main Road?

The Mahalakshmi Nagar Main Road falls under the jurisdiction of 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 Thiruverkadu

The guideline value is a crucial factor during the registration of property transactions in Thiruverkadu. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that these costs are based on a standardized value set by the state.

When buying or selling property, it is essential to be aware of the guideline value as it influences the overall costs associated with the transaction. Buyers should ensure that the sale price meets or exceeds the guideline value to avoid any complications during registration.

Frequently asked questions

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

The current guideline value of Mahalakshmi Nagar Main Road is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,540 per sq.ft in 2024.

What is the registration fee for property in Mahalakshmi Nagar Main Road?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 15,40,000, the registration fee would be Rs 30,800.

Where can I find the Sub Registrar Office for Mahalakshmi Nagar Main Road?

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

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum value for calculating stamp duty and registration fees during property transactions. It ensures that these costs are based on a standardized value set by the state.