Guideline Value for SREE MAHALAKSHMI NAGAR PHASE - V

Sree Mahalakshmi Nagar Phase - V guideline value

The current guideline value for Sree Mahalakshmi Nagar Phase - V is Rs 600 per sq.ft, effective from 1 July 2024. This property is located in Kandular village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - I.

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

The guideline value for Sree Mahalakshmi Nagar Phase - V has remained consistent in recent years. The register shows that the guideline value was Rs 600 per sq.ft in the 2023 revision, and it has not changed in the 2024 revision, resulting in a change of +0% from the previous year.

Prior revisions do not have figures recorded for this street. Specifically, the years 2017, 2012, 2007, 2003, and 2002 do not contain any guideline value data for Sree Mahalakshmi Nagar Phase - V.

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 of Rs 600 per sq.ft. The guideline value for Sree Mahalakshmi Nagar Phase - V aligns with this median at Rs 600 per sq.ft.

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

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, totaling Rs 54,000. 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 information.

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

The Chengleput Joint II Sub Registrar Office covers Sree Mahalakshmi Nagar Phase - V. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Kandular. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which ensures that the transaction is fairly assessed.

Frequently asked questions

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

The current guideline value for Sree Mahalakshmi Nagar Phase - V 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 unchanged at Rs 600 per sq.ft from 2023 to 2024. Previous revisions from 2017, 2012, 2007, 2003, and 2002 do not have recorded figures for this street.

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

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

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can visit the office for registration-related services.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value results in a total duty of Rs 54,000, including both stamp duty and registration fees.