Guideline Value for SREE MAHALAKSHMI NAGAR PHASE - VII

Sree Mahalakshmi Nagar Phase - VII guideline value

The current guideline value for Sree Mahalakshmi Nagar Phase - VII is Rs 600 per sq.ft, effective from 1 July 2024. This property is located in Kandular village under the Chengleput Joint II SRO, with a land classification of Residential Special Type - I.

How the guideline value of Sree Mahalakshmi Nagar Phase - VII has changed

The guideline value for Sree Mahalakshmi Nagar Phase - VII has remained consistent at Rs 600 per sq.ft since the 2023 revision. The 2024 revision also lists the same figure of Rs 600 per sq.ft, reflecting no change between these two years.

Prior to the 2023 and 2024 revisions, the register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002. Therefore, the only available figures are from the 2023 and 2024 revisions, both set at Rs 600 per sq.ft, showing a change of +0%.

Guideline values in Kandular

In Kandular, there are 20 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 600 to Rs 650 per sq.ft, with a median value of Rs 600 per sq.ft. Sree Mahalakshmi Nagar Phase - VII's guideline value aligns with this median at Rs 600 per sq.ft.

• Sree Mahalakshmi Nagar Phase - VI: Rs 600 per sq.ft (2024)
• Sree Mahalakshmi Nagar Phase - V: Rs 600 per sq.ft (2024)
• Sree Mahalakshmi Nagar Phase - IV: Rs 600 per sq.ft (2024)
• Sree Mahalakshmi Nagar Phase-II&III: Rs 600 per sq.ft (2024)
• Sree Mahalakshmi Nagar Phase - I: Rs 600 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Mahalakshmi Nagar Phase - VII

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees together to Rs 54,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sree Mahalakshmi Nagar Phase - VII?

The Sree Mahalakshmi Nagar Phase - VII falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Kandular

The guideline value is a crucial factor in the registration process for property transactions in Kandular. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the registration office uses the guideline value to assess the applicable fees. Buyers should be aware that the duty is levied on the higher of the guideline value or the sale price, ensuring that the correct amount is paid during the registration process.

Frequently asked questions

What is the current guideline value for Sree Mahalakshmi Nagar Phase - VII?

The current guideline value for Sree Mahalakshmi Nagar Phase - VII is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained constant at Rs 600 per sq.ft for both the 2023 and 2024 revisions, with no changes recorded in the previous years listed in the register.

What are the other streets in Kandular with the same guideline value?

Other streets in Kandular under the Chengleput Joint II SRO also carry a guideline value of Rs 600 per sq.ft for the year 2024, including Sree Mahalakshmi Nagar Phase - I, Phase - II&III, Phase - IV, Phase - V, and Phase - VI, as well as Sri Mahalakshmi Nagar.

Where can I find the Sub Registrar Office for Sree Mahalakshmi Nagar Phase - VII?

The Sub Registrar Office covering Sree Mahalakshmi Nagar Phase - VII is the Chengleput Joint II SRO, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Sree Mahalakshmi Nagar Phase - VII?

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 at Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000, leading to a stamp duty of Rs 42,000 and a registration fee of Rs 12,000.