Guideline Value

Corporate

Guideline Value for Mahalakshmi Nagar/Anna Nagar Main Road

₹2750/sq.ft.

The guideline value for Mahalakshmi Nagar/anna Nagar Main Road 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/anna Nagar Main Road

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Mahalakshmi Nagar/Anna Nagar Main Road guideline value

The current guideline value of Mahalakshmi Nagar/Anna Nagar Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This road is located in Madipakkam-1 village, under the Velacheri SRO, and is classified as Residential Class I Type - III.

How the guideline value of Mahalakshmi Nagar/Anna Nagar Main Road has changed

The guideline value for Mahalakshmi Nagar/Anna Nagar Main Road has undergone several revisions. The earliest recorded revision was in 2017, where the guideline value was Rs 1,675 per sq.ft. In the subsequent revision in 2024, the guideline value increased to Rs 2,750 per sq.ft, marking a significant rise of 64% over the seven-year period.

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

Guideline values in Madipakkam-1

In the Madipakkam-1 village, there are 1,823 streets under the Velacheri SRO that carry a guideline value for 2024, ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,750 per sq.ft, which is the same as the current value for Mahalakshmi Nagar/Anna Nagar Main Road.

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

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

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mahalakshmi Nagar/Anna Nagar Main Road?

The Mahalakshmi Nagar/Anna Nagar Main Road falls under the jurisdiction of 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 details.

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

The guideline value plays a crucial role in property transactions in Madipakkam-1. It serves as a benchmark for determining the stamp duty and registration fees when buying or selling property. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value is used to calculate the applicable fees, which are mandatory for legal ownership transfer. Ensuring that the guideline value is accurately reflected in the transaction is essential for a smooth registration experience.

Frequently asked questions

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

The current guideline value of Mahalakshmi Nagar/Anna Nagar Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,750 per sq.ft, which is a rise of 64% over the seven years.

Are there any years with no recorded guideline value for this street?

Yes, there are no recorded figures for the years 2023, 2012, 2007, 2003, and 2002 for Mahalakshmi Nagar/Anna Nagar Main Road.

What is the median guideline value for streets in Madipakkam-1?

The median guideline value for streets in Madipakkam-1 is Rs 2,750 per sq.ft, which is the same as the guideline value for Mahalakshmi Nagar/Anna Nagar Main Road.

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.