Guideline Value for Sri Mahalakshmi Nagar 13th Cross St

Sri Mahalakshmi Nagar 13th Cross St guideline value

The current guideline value of Sri Mahalakshmi Nagar 13th Cross St is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Nandhivaram village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Mahalakshmi Nagar 13th Cross St has changed

Looking at the revisions, the guideline value for Sri Mahalakshmi Nagar 13th Cross St has seen several changes over the years. In 2007, the value was Rs 667 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a 125% rise. However, this value dropped to Rs 1,005 per sq.ft in 2017, a decrease of 33%. From 2017 to 2023, the value increased by 49% to Rs 1,500 per sq.ft, which has remained unchanged through the 2024 revision.

The register does not have figures for the years 2002 and 2003 for this street. The guideline value has remained at Rs 1,500 per sq.ft from 2023 to 2024, indicating no change during this period.

Guideline values in Nandhivaram

In Nandhivaram, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. The guideline value of Sri Mahalakshmi Nagar 13th Cross St is equal to this median.

• Sri Mahalakshmi Nagar Extn 14th Cross St: Rs 1,500 per sq.ft (2024)
• Sri Meenakshi Avenue: Rs 1,000 per sq.ft (2024)
• Sri Murugan Nagar: Rs 1,000 per sq.ft (2024)
• Sri Ragavendra Colony: Rs 1,000 per sq.ft (2024)
• Sriram Nagar: Rs 1,500 per sq.ft (2024)
• Sri Dhulasi Nagar: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Mahalakshmi Nagar 13th Cross St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000. Therefore, the total fees together would be Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Mahalakshmi Nagar 13th Cross St?

The Sub Registrar Office that covers Sri Mahalakshmi Nagar 13th Cross St is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nandhivaram. It is used to determine the stamp duty and registration fees that are applicable during the transaction. Buyers and sellers must be aware of the guideline value to ensure they are prepared for the associated costs.

When a property is registered, the guideline value or the sale price is considered, with the higher amount being the basis for calculating the applicable fees. This ensures that the registration process is aligned with the current market conditions as reflected in the guideline values.

Frequently asked questions

What is the current guideline value of Sri Mahalakshmi Nagar 13th Cross St?

The current guideline value of Sri Mahalakshmi Nagar 13th Cross St is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 667 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and increased again to Rs 1,500 per sq.ft in 2023 and 2024.

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

For a 1,000 sq.ft property at the current guideline value, the total guideline value is Rs 15,00,000. The stamp duty would be Rs 1,05,000, and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which Sub Registrar Office covers the Sri Mahalakshmi Nagar 13th Cross St?

The Gooduvancheri Sub Registrar Office covers Sri Mahalakshmi Nagar 13th Cross St, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvanchery-603202, Chengalpattu registration zone.

What is the land classification of Sri Mahalakshmi Nagar 13th Cross St?

Sri Mahalakshmi Nagar 13th Cross St is classified as Residential Special Type - I, indicating its designated use for residential purposes.