Guideline Value

Corporate

Guideline Value for Mahalakshmi Nagar

₹825/sq.ft.

The guideline value for Mahalakshmi Nagar in Kavulbazaar village (Pammal SRO, Chengalpattu zone) is Rs 825 per sq.ft, effective 1 July 2024. It was Rs 750 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kavulbazaar

Village

Pammal

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹825 /sq.ft.
From 1-4-2023 ₹750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹502 /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)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Mahalakshmi Nagar

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Mahalakshmi Nagar guideline value

The current guideline value of Mahalakshmi Nagar, located in Kavulbazaar village under the Pammal SRO, is Rs 825 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Mahalakshmi Nagar has changed

The guideline value for Mahalakshmi Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 502 per sq.ft, which increased to Rs 750 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the value to Rs 825 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, there has been a significant increase of 64% in the guideline value.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. The changes between the revisions highlight a 49% increase from 2017 to 2023, reflecting the evolving property landscape in the area.

Guideline values in Kavulbazaar

Kavulbazaar village has 44 streets under the Pammal SRO, with guideline values ranging from Rs 825 to Rs 4,500 per sq.ft as per the 2024 revision. The guideline value for Mahalakshmi Nagar is equal to the median value of Rs 825 per sq.ft. Below are other streets in Kavulbazaar with their respective guideline values:

Stamp duty and registration fee for property in Mahalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value amounts to Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, making the total cost for these fees Rs 74,250. It is essential 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 further calculations.

Which Sub Registrar Office covers Mahalakshmi Nagar?

The Mahalakshmi Nagar area is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions within Kavulbazaar. It serves as a reference point for determining the stamp duty and registration fees payable during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that the transaction is officially documented. This process helps maintain transparency and standardization in property dealings in the area.

Frequently asked questions

What is the current guideline value of Mahalakshmi Nagar?

The current guideline value of Mahalakshmi Nagar is Rs 825 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 502 per sq.ft in 2017 to Rs 750 per sq.ft in 2023, and then to Rs 825 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What are the other streets in Kavulbazaar with similar guideline values?

Other streets in Kavulbazaar with a guideline value of Rs 825 per sq.ft in 2024 include Mangaliamman Koil Street, Manivannan Nagar, Mariamman Koil Street, MGR Street, and M.L.R Street.

What is the stamp duty for a property in Mahalakshmi Nagar?

The stamp duty for a property in Mahalakshmi Nagar is 7% of the guideline value. For a 1,000 sq.ft plot, the stamp duty would amount to Rs 57,750.

Which office handles property registrations in Mahalakshmi Nagar?

The Pammal Sub Registrar Office handles property registrations in Mahalakshmi Nagar. It is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.