Guideline Value

Corporate

Guideline Value for SRI MAHALAKSHMI NAGAR

₹250/sq.ft.

The guideline value for Sri Mahalakshmi Nagar in Valluvapakkam village (Walajabad SRO, Chengalpattu zone) is Rs 250 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Valluvapakkam

Village

Walajabad

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹250 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /sq.ft.
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)

Sriperumbudur Road, Walajabad-631 605
044-27257430
[email protected]

DRO (District Registrar Office)

No.52 Orikkai Madhura, Udhayamangulam Village, Near Anna Kudiyiruppu, Kanchipuram-631502
044-27236674
[email protected], [email protected]

DIG (Deputy Inspector General)

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

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Sri Mahalakshmi Nagar guideline value

The current guideline value of Sri Mahalakshmi Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Valluvapakkam village and falls under the Walajabad SRO. The land classification for this region is Residential Class I Type - II.

How the guideline value of Sri Mahalakshmi Nagar has changed

Over the years, the guideline value for Sri Mahalakshmi Nagar has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 250 per sq.ft. The 2017 revision saw a decrease to Rs 167 per sq.ft, marking a -33% change from the 2012 figure. From 2017 to 2023, the value increased by 50% to return to Rs 250 per sq.ft. The latest revision in 2024 has maintained this figure, resulting in a 0% change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Thus, the values from those years are not applicable to Sri Mahalakshmi Nagar.

Guideline values in Valluvapakkam

In Valluvapakkam, there are 20 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft. The median value across these streets is Rs 250 per sq.ft, which is equal to the current guideline value for Sri Mahalakshmi Nagar.

Stamp duty and registration fee for property in Sri Mahalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Mahalakshmi Nagar?

Sri Mahalakshmi Nagar falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

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

When a buyer or seller approaches the registration office, the guideline value helps determine the official value of the property being transacted. This value is then used to assess the applicable fees, which are based on either the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Sri Mahalakshmi Nagar?

The current guideline value of Sri Mahalakshmi Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since 2012, with a decrease to Rs 167 per sq.ft in 2017, followed by a return to Rs 250 per sq.ft in 2023. The latest revision in 2024 has kept the value unchanged.

What is the land classification for Sri Mahalakshmi Nagar?

Sri Mahalakshmi Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sri Mahalakshmi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at a rate of 7%.