Guideline Value for SDB'S MAHALAKSHMI NAGAR

Sdb's Mahalakshmi Nagar guideline value

The current guideline value of Sdb's Mahalakshmi Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This locality is situated in Puthur village, under the Tambaram Joint 1 SRO, classified as Mixed Type - II.

How the guideline value of Sdb's Mahalakshmi Nagar has changed

Since the register has no figures for the years 2002, 2003, 2007, 2012, and 2017, the most recent revisions show a progression in the guideline value. The 2023 revision set the value at Rs 3,000 per sq.ft, which increased to Rs 3,300 per sq.ft in the 2024 revision, marking a change of +10%.

Prior to the 2023 revision, there were no recorded figures for the street in the earlier years mentioned. Thus, the 2024 value reflects a significant increase from the last known figure in 2023.

Guideline values in Puthur

In Puthur, there are 63 streets under the Tambaram Joint 1 SRO carrying a 2024 guideline value ranging from Rs 330 to Rs 4,600 per sq.ft, with a median value of Rs 1,100 per sq.ft. Sdb's Mahalakshmi Nagar's 2024 figure is above this median.

• Seeba Nagar: Rs 1,100 per sq.ft (2024)
• Sai Vignesh Avenue: Rs 3,300 per sq.ft (2024)
• Rrk - Vr Gardens: Rs 3,300 per sq.ft (2024)
• Sp Avenue Phase I: Rs 770 per sq.ft (2024)
• S.P. Avenue Phase - II: Rs 770 per sq.ft (2024)
• S.P.Avenue Phase - II Extension: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Sdb's Mahalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, resulting in a total of Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sdb's Mahalakshmi Nagar?

The Sub Registrar Office that covers Sdb's Mahalakshmi Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Puthur. It serves as a reference point for determining the minimum value at which a property can be registered. When buyers and sellers agree on a sale price, the higher amount between the sale price and the guideline value is used to calculate the stamp duty and registration fees.

Understanding the guideline value is essential for both buyers and sellers, as it affects the overall cost of property transactions. It is advisable to check the latest figures to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Sdb's Mahalakshmi Nagar?

The current guideline value of Sdb's Mahalakshmi Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, reflecting a +10% change. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Puthur?

Other streets in Puthur have varying guideline values, with rates ranging from Rs 330 to Rs 4,600 per sq.ft. The median value is Rs 1,100 per sq.ft, while Sdb's Mahalakshmi Nagar is above this median.

How is stamp duty calculated for properties in Sdb's Mahalakshmi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000.

Where can I find the Sub Registrar Office for Sdb's Mahalakshmi Nagar?

The Tambaram Joint 1 Sub Registrar Office covers Sdb's Mahalakshmi Nagar, located at No.26, Mes Road, East Tambaram, Chennai-600059. You can find more information through the provided link.