Guideline Value for East Mada Street

East Mada Street guideline value

The current guideline value of East Mada Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village under the AnnaNagar SRO, classified as Residential Class I Type - III.

How the guideline value of East Mada Street has changed

Over the years, the guideline value of East Mada Street has seen several revisions. The 2007 revision recorded a value of Rs 1,200 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012, marking a significant rise of 150%. However, this value decreased to Rs 2,010 per sq.ft in the 2017 revision, a drop of 33%. The 2023 revision set the value at Rs 3,000 per sq.ft, and the most recent 2024 revision increased it to Rs 3,300 per sq.ft, reflecting a 10% rise.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, placing East Mada Street's 2024 figure below that median.

• Durai Sampath Road: Rs 3,300 per sq.ft (2024)
• Elangovadikal Street: Rs 3,300 per sq.ft (2024)
• Engineer Sampath Garden: Rs 3,300 per sq.ft (2024)
• Dr.Ambedkar Nagar: Rs 3,300 per sq.ft (2024)
• E.V.R. Periyar Street: Rs 3,300 per sq.ft (2024)
• Gandhi Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in East Mada Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers East Mada Street?

The Sub Registrar Office that covers East Mada Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is assessed to ensure that the transaction is in accordance with the prevailing rates. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of East Mada Street?

The current guideline value of East Mada Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,200 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 175% over the years.

What are the stamp duty and registration fees for property in East Mada Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 2,97,000, based on the current guideline value of Rs 33,00,000.

Which Sub Registrar Office covers East Mada Street?

The AnnaNagar Sub Registrar Office covers East Mada Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of East Mada Street?

East Mada Street is classified as Residential Class I Type - III, indicating its suitability for residential development and transactions.