Guideline Value for Mahidhara Supreme Elegant

Mahidhara Supreme Elegant guideline value

The current guideline value of Mahidhara Supreme Elegant is Rs 900 per sq.ft, effective from 1 July 2024. This property is located in Kannanthangal village, under the Sriperumpudur SRO, and falls under the Mixed Type - I land classification.

How the guideline value of Mahidhara Supreme Elegant has changed

Over the years, the guideline value for Mahidhara Supreme Elegant has seen several revisions. The 2012 revision set the value at Rs 900 per sq.ft, which remained unchanged in the 2023 revision. The 2017 revision recorded a lower value of Rs 603 per sq.ft, marking a decrease of 33% from the 2012 figure. Notably, the 2024 revision has maintained the guideline value at Rs 900 per sq.ft, showing no change from the previous year.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. However, when considering the overall change from 2012 to 2024, the guideline value remains unchanged at Rs 900 per sq.ft.

Guideline values in Kannanthangal

Kannanthangal village has 22 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 100 to Rs 900 per sq.ft in 2024. The median guideline value for these streets is Rs 110 per sq.ft, positioning Mahidhara Supreme Elegant above this median value.

• Kulakkarai Street: Rs 100 per sq.ft (2024)
• M.G.R.Street: Rs 110 per sq.ft (2024)
• Nadu Street: Rs 110 per sq.ft (2024)
• Kambar Street: Rs 110 per sq.ft (2024)
• Kamaraj Street: Rs 110 per sq.ft (2024)
• Oththavadai Street: Rs 110 per sq.ft (2024)

Stamp duty and registration fee for property in Mahidhara Supreme Elegant

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, bringing the total cost of duty and registration fees to Rs 81,000. It is important to note that 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 Mahidhara Supreme Elegant?

The Mahidhara Supreme Elegant property falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Kannanthangal. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registry.

When buying or selling property, the guideline value helps in determining the minimum value at which a property can be registered. This ensures transparency in property transactions and helps in maintaining a standard for property values in the area.

Frequently asked questions

What is the current guideline value of Mahidhara Supreme Elegant?

The current guideline value of Mahidhara Supreme Elegant is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 900 per sq.ft in the 2023 and 2024 revisions, while it was Rs 603 per sq.ft in 2017 and Rs 900 per sq.ft in 2012. The value increased by 49% from 2017 to 2023.

What are the guideline values of other streets in Kannanthangal?

Other streets in Kannanthangal have varying guideline values, with rates ranging from Rs 100 to Rs 900 per sq.ft in 2024. The median value for these streets is Rs 110 per sq.ft.

How is stamp duty calculated for properties in Mahidhara Supreme Elegant?

Stamp duty for properties in Mahidhara Supreme Elegant 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 guideline value is Rs 9,00,000, leading to a stamp duty of Rs 63,000.

Where is the Sriperumpudur Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles the registration of properties in the area.