Guideline Value for SREE MAHALAKSHMI NAGAR PHASE - VI

Sree Mahalakshmi Nagar Phase - VI guideline value

The current guideline value for Sree Mahalakshmi Nagar Phase - VI is Rs 600 per sq.ft. This locality is situated in Kandular village, under the Chengleput Joint II SRO, classified as Residential Special Type - I.

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

The guideline value for Sree Mahalakshmi Nagar Phase - VI has remained consistent over the years. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 600 per sq.ft, which remained unchanged in the 2024 revision, indicating a 0% change from the previous year.

Thus, the guideline value has been stable at Rs 600 per sq.ft since the 2023 revision. The consistent valuation reflects the current market conditions for this area.

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 - VI's 2024 figure aligns with this median.

• Sree Mahalakshmi Nagar Phase - V: Rs 600 per sq.ft (2024)
• Sree Mahalakshmi Nagar Phase - VII: 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 - VI

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the 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, totaling Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office covering Sree Mahalakshmi Nagar Phase - VI is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 plays a crucial role during property registration in Kandular. It serves as a reference point for calculating stamp duty and registration fees, ensuring that transactions are conducted fairly and transparently.

When buying or selling property, the guideline value is used to determine the applicable fees, which are based on the higher of the guideline value or the sale price. This process helps maintain consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sree Mahalakshmi Nagar Phase - VI?

The current guideline value of Sree Mahalakshmi Nagar Phase - VI 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 at Rs 600 per sq.ft since the 2023 revision, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

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

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000, and the registration fee would be Rs 12,000, totaling Rs 54,000.

Which office handles property registrations in Sree Mahalakshmi Nagar Phase - VI?

The Chengleput Joint II Sub Registrar Office handles property registrations for Sree Mahalakshmi Nagar Phase - VI, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Sree Mahalakshmi Nagar Phase - VI?

Sree Mahalakshmi Nagar Phase - VI is classified as Residential Special Type - I, indicating its suitability for residential development.