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Guideline Value

Corporate

Guideline Value for Mahasakthi Raja Nagar Extn-I & II

₹300/sq.ft.

The guideline value for Mahasakthi Raja Nagar Extn-i & Ii in Vellerithangal village (Gooduvancheri SRO, Chengalpattu zone) is Rs 300 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Vellerithangal

Village

Gooduvancheri

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹300 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹65 /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)

Defence Colony Road,near Vetnary Hospital,nanthivaram,guduvanjery-603202
044-27462940
[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 Mahasakthi Raja Nagar Extn-i & Ii

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Mahasakthi Raja Nagar Extn-I & II guideline value

The current guideline value of Mahasakthi Raja Nagar Extn-I & II is Rs 300 per sq.ft. This area is located in Vellerithangal village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Mahasakthi Raja Nagar Extn-I & II has changed

The guideline value for Mahasakthi Raja Nagar Extn-I & II has seen several revisions over the years. The earliest recorded value in the register is from 2007, where it was Rs 65 per sq.ft. This increased significantly to Rs 300 per sq.ft in 2012, but then dropped to Rs 201 per sq.ft in 2017. The value remained at Rs 300 per sq.ft in both 2023 and the upcoming 2024 revision, reflecting a 49% increase from 2017 to 2023, and no change from 2023 to 2024.

It is important to note that the register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 362%.

Guideline values in Vellerithangal

In Vellerithangal, there are 21 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,400 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Mahasakthi Raja Nagar Extn-I & II is below this median.

Stamp duty and registration fee for property in Mahasakthi Raja Nagar Extn-I & II

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mahasakthi Raja Nagar Extn-I & II?

The Sub Registrar Office that covers Mahasakthi Raja Nagar Extn-I & II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Vellerithangal. It is used to determine the stamp duty and registration fees that are applicable during the property transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable duties, which can significantly affect the overall cost of the transaction. Therefore, understanding the guideline value is essential for anyone involved in real estate transactions in the area.

Frequently asked questions

What is the current guideline value of Mahasakthi Raja Nagar Extn-I & II?

The current guideline value of Mahasakthi Raja Nagar Extn-I & II is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 65 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, dropping to Rs 201 per sq.ft in 2017, and remaining at Rs 300 per sq.ft in both 2023 and 2024.

What is the classification of land in Mahasakthi Raja Nagar Extn-I & II?

The land classification for Mahasakthi Raja Nagar Extn-I & II is Residential Special Type - I. This classification is important for determining the usage and potential of the land.

What are the stamp duty and registration fees based on the guideline value?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a plot valued at Rs 3,00,000, the total fees would amount to Rs 27,000.

Which office handles registrations for Mahasakthi Raja Nagar Extn-I & II?

The Gooduvancheri Sub Registrar Office handles registrations for Mahasakthi Raja Nagar Extn-I & II, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.