Guideline Value for Sri Vari Mahalakshmi Nagar

Sri Vari Mahalakshmi Nagar guideline value

The current guideline value of Sri Vari Mahalakshmi Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Aaladu village under the Ponneri SRO, and the land classification is Residential Special Type - I.

How the guideline value of Sri Vari Mahalakshmi Nagar has changed

According to the guideline value register, there are no figures available for Sri Vari Mahalakshmi Nagar for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision also listed the guideline value at Rs 300 per sq.ft, which remained unchanged in the 2024 revision.

From the 2023 revision to the 2024 revision, there was a change of +0%. The current rate of Rs 300 per sq.ft is consistent with the previous year's figure, indicating stability in the guideline value for this street.

Guideline values in Aaladu

In Aaladu village, there are 13 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Sri Vari Mahalakshmi Nagar's 2024 figure above this median.

• Vengadachalapathi Avenue: Rs 200 per sq.ft (2024)
• Rudhran Nagar: Rs 300 per sq.ft (2024)
• Rajeswari Nagar: Rs 200 per sq.ft (2024)
• Rajam Nagar: Rs 200 per sq.ft (2024)
• Jayam Housing Site: Rs 200 per sq.ft (2024)
• Illahi Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Vari Mahalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, resulting in a total of Rs 27,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Vari Mahalakshmi Nagar?

Sri Vari Mahalakshmi Nagar falls under the Ponneri Sub Registrar Office located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To find more information, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Aaladu. When buying or selling a property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is officially recorded and complies with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the property transaction. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Sri Vari Mahalakshmi Nagar?

The current guideline value of Sri Vari Mahalakshmi Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Aaladu?

The median guideline value in Aaladu for the year 2024 is Rs 200 per sq.ft, with Sri Vari Mahalakshmi Nagar's value being above this median.

What are the stamp duty and registration fees for properties in Sri Vari Mahalakshmi Nagar?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. This is based on the current guideline value of Rs 300 per sq.ft.

Which office handles registrations for properties in Sri Vari Mahalakshmi Nagar?

The Ponneri Sub Registrar Office handles registrations for properties in Sri Vari Mahalakshmi Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.