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Guideline Value

Corporate

Guideline Value for Mahaveer Garden Annex 2&3

₹1650/sq.ft.

The guideline value for Mahaveer Garden Annex 2&3 in Puzhal village (Redhills SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 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

Puzhal

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹40 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹390 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Mahaveer Garden Annex 2&3

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Mahaveer Garden Annex 2&3 guideline value

The current guideline value of Mahaveer Garden Annex 2&3 is Rs 1,650 per sq.ft, effective from 1 July 2024. This property is located in Puzhal village, under the Redhills SRO, and is classified as Residential Class I Type - I.

How the guideline value of Mahaveer Garden Annex 2&3 has changed

The guideline value for Mahaveer Garden Annex 2&3 has undergone several revisions over the years. In the 2002 revision, the guideline value was Rs 390 per sq.ft. This increased to Rs 40 per sq.ft in 2003, followed by a significant rise to Rs 200 per sq.ft in 2007. The 2012 revision saw the value remain at Rs 1,500 per sq.ft, but it dropped to Rs 1,005 per sq.ft in 2017. The value then increased to Rs 1,500 per sq.ft in 2023, before reaching the current rate of Rs 1,650 per sq.ft in 2024.

From the 2017 to 2023 revision, there was a 49% increase. The 2012 to 2017 revision saw a decrease of 33%. Notably, the 2007 to 2012 revision experienced a substantial increase of 650%, while the 2003 to 2007 revision also had a significant rise of 400%. Overall, from 2002 to 2024, the guideline value has increased by 323%. There are no figures available for the revisions between 2002 and 2003 for this street.

Guideline values in Puzhal

Puzhal village has a range of guideline values, with 270 streets under the Redhills SRO carrying a 2024 figure between Rs 1,100 and Rs 6,000 per sq.ft. The median value for these streets is Rs 1,102 per sq.ft, making the guideline value for Mahaveer Garden Annex 2&3 above that median.

Stamp duty and registration fee for property in Mahaveer Garden Annex 2&3

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Mahaveer Garden Annex 2&3?

The Sub Registrar Office that covers Mahaveer Garden Annex 2&3 is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Puzhal. It serves as the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction.

When a property is sold, the guideline value helps determine the official value of the property for registration purposes. This ensures that both parties are aware of the financial implications of the sale, including the associated fees based on the guideline value.

Frequently asked questions

What is the current guideline value of Mahaveer Garden Annex 2&3?

The current guideline value of Mahaveer Garden Annex 2&3 is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 390 per sq.ft in 2002 to Rs 1,650 per sq.ft in 2024, reflecting various increases and decreases across the revisions.

What is the registration office for Mahaveer Garden Annex 2&3?

The registration office for Mahaveer Garden Annex 2&3 is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Mahaveer Garden Annex 2&3?

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, the total stamp duty and registration fees can amount to Rs 1,48,500.

What are the guideline values of other streets in Puzhal?

Other streets in Puzhal have varying guideline values, with rates ranging from Rs 1,100 to Rs 6,000 per sq.ft. Mahaveer Garden Annex 2&3 is positioned above the median value of Rs 1,102 per sq.ft in the area.