Guideline Value for Adiparasakthi Nagar Madha Koil Street

Adiparasakthi Nagar Madha Koil Street guideline value

The current guideline value of Adiparasakthi Nagar Madha Koil Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Kaduvancheri village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Adiparasakthi Nagar Madha Koil Street has changed

Over the years, the guideline value for Adiparasakthi Nagar Madha Koil Street has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 300 per sq.ft. The 2017 revision recorded a value of Rs 201 per sq.ft, marking a decrease of 33% from the previous 2012 figure. The most significant change occurred between the 2017 and 2023 revisions, where the value increased by 49% back to Rs 300 per sq.ft.

The current guideline value of Rs 300 per sq.ft, effective from 1 July 2024, shows no change from the previous 2023 revision. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Kaduvancheri

Kaduvancheri village has a total of 37 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, which aligns with the current value of Adiparasakthi Nagar Madha Koil Street.

• Adiparasakthi Nagar Kulakkarai Street: Rs 300 per sq.ft (2024)
• Adiparasakthi Nagar Pradhana Salai: Rs 300 per sq.ft (2024)
• Adiparasakthi Nagar 3rd Street: Rs 300 per sq.ft (2024)
• Adiparasakthi Nagar 2nd Street: Rs 300 per sq.ft (2024)
• Adiparasakthi Nagar 1st Street: Rs 300 per sq.ft (2024)
• Alwin Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Adiparasakthi Nagar Madha Koil Street

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

Which Sub Registrar Office covers Adiparasakthi Nagar Madha Koil Street?

The Sub Registrar Office that covers Adiparasakthi Nagar Madha Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, 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 Kaduvancheri

The guideline value is a crucial factor in property transactions in Kaduvancheri. It serves as a benchmark for determining the minimum price at which a property can be registered. When a buyer purchases a property, the registration process requires that the guideline value is adhered to for calculating stamp duty and other fees.

Additionally, the guideline value ensures transparency in property transactions, helping to prevent undervaluation. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Adiparasakthi Nagar Madha Koil Street?

The current guideline value of Adiparasakthi Nagar Madha Koil Street 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 since the 2012 revision, with a notable decrease to Rs 201 per sq.ft in 2017, followed by an increase back to Rs 300 per sq.ft in 2023.

What is the land classification for this street?

The land classification for Adiparasakthi Nagar Madha Koil Street is Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Adiparasakthi Nagar Madha Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 3,00,000 would incur a stamp duty of Rs 21,000 at 7%.