Guideline Value

Corporate

Guideline Value for SRI MAHA NAGAR

₹2750/sq.ft.

The guideline value for Sri Maha Nagar in Nanmangalam village (Pallavaram SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Nanmangalam

Village

Pallavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Maha Nagar

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Sri Maha Nagar guideline value

The current guideline value of Sri Maha Nagar, located in Nanmangalam village under the Pallavaram SRO, is Rs 2,750 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Sri Maha Nagar has changed

The guideline value for Sri Maha Nagar has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 1,675 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in the 2023 revision, marking a 49% rise. The current 2024 revision reflects a further increase of 10%, bringing the guideline value to Rs 2,750 per sq.ft.

There are no recorded figures for Sri Maha Nagar in the revisions from 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Nanmangalam

Nanmangalam village has a total of 139 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,960 to Rs 3,850 per sq.ft as per the 2024 revision. The guideline value of Sri Maha Nagar aligns with the median value of Rs 2,750 per sq.ft for this area.

Stamp duty and registration fee for property in Sri Maha Nagar

For a property in Sri Maha Nagar, a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft would have a total guideline value of Rs 27,50,000. The stamp duty, charged at 7%, would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000. The total cost for these fees would be Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers Sri Maha Nagar?

The Sub Registrar Office that covers Sri Maha Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Nanmangalam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a buyer or seller approaches the registration office, the guideline value is referenced to determine the applicable fees. This value helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sri Maha Nagar?

The current guideline value of Sri Maha Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,750 per sq.ft in 2024, representing an overall increase of 64%.

What are the other streets in Nanmangalam with similar guideline values?

Other streets in Nanmangalam with the same guideline value of Rs 2,750 per sq.ft in 2024 include Srinivasan Street, Sri Perumal Nagar, Sriram Nagar, and Sri Abinandhan Nagar.

How are stamp duty and registration fees calculated in Sri Maha Nagar?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. For a property valued at Rs 27,50,000, the total fees would amount to Rs 2,47,500.

Where can I find the Sub Registrar Office for Sri Maha Nagar?

The Sub Registrar Office for Sri Maha Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.