Guideline Value for KEEZHANDAI COLONY (a) VALLUVAR STREET

KEEZHANDAI COLONY (a) VALLUVAR STREET guideline value

The current guideline value of KEEZHANDAI COLONY (a) VALLUVAR STREET is Rs 401 per sq.ft, effective from 1 July 2024. This street is located in Karunguzhi village, under the Madurandakam SRO, and is classified as Mixed Type - I.

How the guideline value of KEEZHANDAI COLONY (a) VALLUVAR STREET has changed

The guideline value for KEEZHANDAI COLONY (a) VALLUVAR STREET has undergone several revisions over the years. In 2007, the guideline value was Rs 40 per sq.ft, which increased significantly to Rs 400 per sq.ft in 2012, marking a substantial rise of 900%. However, in 2017, the value saw a decrease to Rs 268 per sq.ft, a drop of 33%. The value then increased to Rs 400 per sq.ft in 2023, and it remained stable at Rs 401 per sq.ft in the 2024 revision, reflecting no change from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 903%.

Guideline values in Karunguzhi

In Karunguzhi village, there are 37 streets under the Madurandakam SRO that have a 2024 guideline value ranging from Rs 401 to Rs 1,000 per sq.ft. The median guideline value for these streets is Rs 401 per sq.ft, which is the same as the current value for KEEZHANDAI COLONY (a) VALLUVAR STREET.

• Karunkuzhi Chetti Steet: Rs 401 per sq.ft (2024)
• Karunguzhi GST ROAD: Rs 501 per sq.ft (2024)
• Maasumsha High Way Mega City: Rs 602 per sq.ft (2024)
• Madura Nagar Phase-I: Rs 501 per sq.ft (2024)
• Madura Nagar Phase-II: Rs 501 per sq.ft (2024)
• Malaipalayam: Rs 401 per sq.ft (2024)

Stamp duty and registration fee for property in KEEZHANDAI COLONY (a) VALLUVAR STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 401 per sq.ft, the total guideline value would be Rs 4,01,000. The stamp duty at 7% would be Rs 28,070, and the registration fee at 2% would be Rs 8,020, bringing the total cost for these fees to Rs 36,090. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers KEEZHANDAI COLONY (a) VALLUVAR STREET?

The KEEZHANDAI COLONY (a) VALLUVAR STREET falls under the jurisdiction of the Madurandakam Sub Registrar Office. The office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Karunguzhi. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory during the property registration process.

When a property is sold, the guideline value is used to determine the minimum value on which these fees are calculated. This ensures that the government receives the appropriate revenue from property transactions, reflecting the property's value as per the established guidelines.

Frequently asked questions

What is the current guideline value of KEEZHANDAI COLONY (a) VALLUVAR STREET?

The current guideline value of KEEZHANDAI COLONY (a) VALLUVAR STREET is Rs 401 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 40 per sq.ft in 2007 to Rs 401 per sq.ft in 2024, marking an overall increase of 903% over the years.

Which office handles the registration for KEEZHANDAI COLONY (a) VALLUVAR STREET?

The Madurandakam Sub Registrar Office handles the registration for KEEZHANDAI COLONY (a) VALLUVAR STREET, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in KEEZHANDAI COLONY (a) VALLUVAR STREET is 7%, which is applied to the guideline value or the sale price, whichever is higher.

Are there other streets with similar guideline values in Karunguzhi?

Yes, there are other streets in Karunguzhi with similar guideline values. For instance, Karunkuzhi Chetti Steet and Malaipalayam both have a guideline value of Rs 401 per sq.ft in 2024.