Guideline Value for East Maada Street

East Maada Street guideline value

The current guideline value of East Maada Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village, under the Ambattur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of East Maada Street has changed

In the 2012 revision, the guideline value was Rs 800 per sq.ft. This figure decreased to Rs 536 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value saw a significant increase to Rs 800 per sq.ft in the 2023 revision, followed by another increase to Rs 880 per sq.ft in the 2024 revision, which is a rise of 10% from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value in this village is Rs 870 per sq.ft, placing East Maada Street's 2024 figure above that median.

• Duraikannu Street: Rs 880 per sq.ft (2024)
• Elangovan Street: Rs 880 per sq.ft (2024)
• Eswari Avanue: Rs 880 per sq.ft (2024)
• Frances Colony: Rs 880 per sq.ft (2024)
• Friends Colony: Rs 806 per sq.ft (2024)
• Friends Nagar: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in East Maada Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. 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 more details.

Which Sub Registrar Office covers East Maada Street?

The Sub Registrar Office that covers East Maada Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Kovilpathagai. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps establish a baseline for the transaction price. If the sale price is higher than the guideline value, the duty is charged on the sale price instead, which ensures that the transaction is fairly assessed.

Frequently asked questions

What is the current guideline value of East Maada Street?

The current guideline value of East Maada Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for East Maada Street?

The land classification for East Maada Street is Residential Class II Type - I.

Where can I find the registration office for East Maada Street?

The registration office for East Maada Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Kovilpathagai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at 7%.