Guideline Value for Kundumedu Kundumedu colony 37,59,46

Kundumedu Kundumedu colony 37,59,46 guideline value

The current guideline value for Kundumedu Kundumedu colony 37,59,46 is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Madavilagam village, under the Poonamallee SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Kundumedu Kundumedu colony 37,59,46 has changed

The guideline value has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 250 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a 300% rise. However, it then decreased to Rs 670 per sq.ft in 2017, reflecting a 33% drop. From 2017 to 2023, the value saw a substantial increase of 49%, reaching Rs 1,000 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, a 10% increase from the previous year.

The register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Madavilagam

In Madavilagam, there are 37 streets under the Poonamallee SRO that have a 2024 guideline value ranging from Rs 660 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the guideline value of Kundumedu Kundumedu colony 37,59,46.

• Lakshmi Nagar: Rs 1,100 per sq.ft (2024)
• Madavilagam arijana colony 108: Rs 660 per sq.ft (2024)
• Madavilagam arijana colony 108/1: Rs 660 per sq.ft (2024)
• Madavilagam arijana colony 108/3: Rs 660 per sq.ft (2024)
• Madavilagam arijana colony 108/4: Rs 660 per sq.ft (2024)
• Madavilagam arijanna colony 108/2: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Kundumedu Kundumedu colony 37,59,46

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kundumedu Kundumedu colony 37,59,46?

The Kundumedu Kundumedu colony 37,59,46 is covered by the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madavilagam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This helps maintain transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value for Kundumedu Kundumedu colony 37,59,46?

The current guideline value for Kundumedu Kundumedu colony 37,59,46 is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting a total increase of 340% over the years.

Which Sub Registrar Office should I visit for transactions in Kundumedu Kundumedu colony 37,59,46?

You should visit the Poonamallee Sub Registrar Office located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056 for any transactions related to Kundumedu Kundumedu colony 37,59,46.

What are the stamp duty and registration fees for a property in Kundumedu Kundumedu colony 37,59,46?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

What is the land classification for Kundumedu Kundumedu colony 37,59,46?

Kundumedu Kundumedu colony 37,59,46 falls under the Residential Class I Type - I land classification.