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Guideline Value

Corporate

Guideline Value for Maheswari Avenue/Mandaiveli Street

₹2200/sq.ft.

The guideline value for Maheswari Avenue/mandaiveli Street in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1340 /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 Maheswari Avenue/mandaiveli Street

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Maheswari Avenue/Mandaiveli Street guideline value

The current guideline value for Maheswari Avenue/Mandaiveli Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village, under the Velacheri SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Maheswari Avenue/Mandaiveli Street has changed

According to the guideline value register, there is no figure for Maheswari Avenue/Mandaiveli Street for the years 2002, 2003, 2007, 2012, and 2023. The first recorded figure is from the 2017 revision, which was Rs 1,340 per sq.ft. The guideline value increased significantly to Rs 2,200 per sq.ft in the 2024 revision, marking a change of +64% over this period.

The 2024 revision reflects the current market conditions, with the guideline value rising from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024. This increase indicates a notable adjustment in property values for this street over the years.

Guideline values in Madipakkam-1

In Madipakkam-1 village, there are 1,823 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft. The guideline value for Maheswari Avenue/Mandaiveli Street is below this median.

Stamp duty and registration fee for property in Maheswari Avenue/Mandaiveli Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the 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 precise calculations based on your property details.

Which Sub Registrar Office covers Maheswari Avenue/Mandaiveli Street?

The Maheswari Avenue/Mandaiveli Street falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor during property transactions in Madipakkam-1. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations when executing property transactions.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures that all properties are valued fairly according to the established guidelines set by the Registration Department.

Frequently asked questions

What is the current guideline value for Maheswari Avenue/Mandaiveli Street?

The current guideline value for Maheswari Avenue/Mandaiveli Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Maheswari Avenue/Mandaiveli Street was Rs 1,340 per sq.ft in 2017 and increased to Rs 2,200 per sq.ft in 2024, representing a +64% change.

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, while Maheswari Avenue/Mandaiveli Street's value is below this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where can I find the Sub Registrar Office for Maheswari Avenue/Mandaiveli Street?

The Velacheri Sub Registrar Office covers Maheswari Avenue/Mandaiveli Street and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.