Guideline Value for MADAVI ST KAKKANJI NAGAR

Madavi St Kakkanji Nagar guideline value

The current guideline value for Madavi St Kakkanji Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Madavi St Kakkanji Nagar has changed

Over the years, the guideline value of Madavi St Kakkanji Nagar has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 800 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, with the 2017 revision set at Rs 536 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 800 per sq.ft, indicating stability in this period.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO with a 2024 guideline value range from Rs 800 to Rs 2,640 per sq.ft, with a median value of Rs 988 per sq.ft. The guideline value for Madavi St Kakkanji Nagar is below this median.

• Mahatma Gandhi Road: Rs 988 per sq.ft (2024)
• Mandaveli St: Rs 1,300 per sq.ft (2024)
• Mangaiyar Thilagam Nagar: Rs 989 per sq.ft (2024)
• Mangulam: Rs 800 per sq.ft (2024)
• Laal Bahadur Sasthiri St (Gandhi Nagar): Rs 988 per sq.ft (2024)
• Kurinji Nagar Extn: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Madavi St Kakkanji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, making the total cost for these fees Rs 72,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Madavi St Kakkanji Nagar?

The Sub Registrar Office that covers Madavi St Kakkanji Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Thandurai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standard valuation set by the government.

When buying or selling property, the guideline value helps both buyers and sellers understand the minimum value at which a property must be registered. This ensures transparency and helps in maintaining a fair process during property transactions.

Frequently asked questions

What is the current guideline value of Madavi St Kakkanji Nagar?

The current guideline value of Madavi St Kakkanji Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent revision in 2024 maintaining the value at Rs 800 per sq.ft. The value increased by 49% from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023.

Which Sub Registrar Office covers Madavi St Kakkanji Nagar?

The Avadi Sub Registrar Office covers Madavi St Kakkanji Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

What is the land classification for Madavi St Kakkanji Nagar?

The land classification for Madavi St Kakkanji Nagar is Residential Class II Type - II, indicating its designation for residential use.