Guideline Value for Mahidhara Supreme classic

Mahidhara Supreme classic guideline value

The current guideline value of Mahidhara Supreme classic is Rs 1,210 per sq.ft, effective from 1 July 2024. This property is located in Kaduvancheri village, under the Sriperumpudur SRO, and falls under the Mixed Type - I land classification.

How the guideline value of Mahidhara Supreme classic has changed

The guideline value for Mahidhara Supreme classic has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,210 per sq.ft, an increase from Rs 1,200 per sq.ft in 2023, marking a change of 1%. Prior to 2023, the value was significantly lower at Rs 804 per sq.ft in 2017, reflecting a substantial increase of 49% over those six years. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 50%. This consistent rise indicates a shift in the valuation of properties in the area, particularly as the 2024 figure is above the median of Rs 300 per sq.ft for the 37 streets in Kaduvancheri under the Sriperumpudur SRO.

Guideline values in Kaduvancheri

Kaduvancheri village has a range of guideline values, with the 2024 figures for various streets varying from Rs 100 to Rs 1,500 per sq.ft. Mahidhara Supreme classic's value of Rs 1,210 per sq.ft is above the median value of Rs 300 per sq.ft for the area. Below are the guideline values for other streets in Kaduvancheri:

• Mahidhara Delight: Rs 1,350 per sq.ft (2024)
• Melamaruvathur Adhiparasakthi Nagar: Rs 300 per sq.ft (2024)
• Nellooramman Koil Street: Rs 100 per sq.ft (2024)
• Om sakthi Elangaliamman Nagar: Rs 400 per sq.ft (2024)
• J.J.Nagar 3rd Street: Rs 200 per sq.ft (2024)
• J.J.Nagar 2nd Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Mahidhara Supreme classic

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, and the registration fee at 2% would be Rs 24,200, totaling Rs 1,08,900. 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 more details.

Which Sub Registrar Office covers Mahidhara Supreme classic?

The Mahidhara Supreme classic 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 further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kaduvancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is compared with the sale price. The higher of the two is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Mahidhara Supreme classic?

The current guideline value of Mahidhara Supreme classic is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,210 per sq.ft in 2024, reflecting a 50% increase over the seven years.

What is the land classification for Mahidhara Supreme classic?

Mahidhara Supreme classic is classified under Mixed Type - I land classification.

Where can I find the Sub Registrar Office for Mahidhara Supreme classic?

The Sub Registrar Office covering Mahidhara Supreme classic is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Kaduvancheri?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. It is typically set at 7% of the guideline value, alongside a registration fee of 2%.