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Guideline Value

Corporate

Guideline Value for Maharishi Vedhathiri Nagar

₹102/sq.ft.

The guideline value for Maharishi Vedhathiri Nagar in Sirunallur village (Madurandakam SRO, Chengalpattu zone) is Rs 102 per sq.ft, effective 1 July 2024. It was Rs 100 per sq.ft from 1 April 2023, a 2% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Sirunallur

Village

Madurandakam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹102 /sq.ft.
From 1-4-2023 ₹100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹67 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹100 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹25 /sq.ft.
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.53, Old Taluk Office Road, Maduranthakam-603306
044-27555138
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

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

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Maharishi Vedhathiri Nagar guideline value

The current guideline value of Maharishi Vedhathiri Nagar is Rs 102 per sq.ft, effective from 1 July 2024. This area is located in Sirunallur village, under the Madurandakam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Maharishi Vedhathiri Nagar has changed

The guideline value for Maharishi Vedhathiri Nagar has undergone several revisions over the years. The earliest recorded figure is Rs 25 per sq.ft in 2007, which increased significantly to Rs 100 per sq.ft in 2012. However, this value saw a decrease to Rs 67 per sq.ft in 2017. The value then rose to Rs 100 per sq.ft in 2023, before reaching the current figure of Rs 102 per sq.ft in 2024.

Looking at the changes, the guideline value increased by 300% from 2007 to 2012, but then decreased by 33% from 2012 to 2017. There was a substantial rise of 49% from 2017 to 2023, followed by a slight increase of 2% from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Sirunallur

In Sirunallur, there are 16 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 400 per sq.ft, with a median value of Rs 175 per sq.ft. The guideline value for Maharishi Vedhathiri Nagar is below this median.

Stamp duty and registration fee for property in Maharishi Vedhathiri Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 102 per sq.ft, the total guideline value would be Rs 1,02,000. The stamp duty at 7% would amount to Rs 7,140, and the registration fee at 2% would be Rs 2,040, totaling Rs 9,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Maharishi Vedhathiri Nagar?

The Sub Registrar Office that covers Maharishi Vedhathiri Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Sirunallur. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Maharishi Vedhathiri Nagar?

The current guideline value of Maharishi Vedhathiri Nagar is Rs 102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 25 per sq.ft in 2007 to Rs 102 per sq.ft in 2024, reflecting an overall increase of 308% over the years.

What is the registration office for Maharishi Vedhathiri Nagar?

The registration office for Maharishi Vedhathiri Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 7,140.

What are the other streets in Sirunallur and their guideline values?

Other streets in Sirunallur include Mahalakshmi Nagar at Rs 200 per sq.ft, Ram Nagar at Rs 250 per sq.ft, Dhanabakkiyam Nagar at Rs 300 per sq.ft, Sai Serveshwara Garden at Rs 250 per sq.ft, Shakthi Nagar at Rs 102 per sq.ft, and Sma Nagar Part-II at Rs 100 per sq.ft.