Guideline Value

Corporate

Guideline Value for MADHA KOIL 3RD STREET

₹880/sq.ft.

The guideline value for Madha Koil 3rd Street in Koladi village (Chennai South Joint Ii SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Koladi

Village

Chennai South Joint II

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Madha Koil 3rd Street

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Madha Koil 3rd Street guideline value

The current guideline value of Madha Koil 3rd Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Koladi village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Madha Koil 3rd Street has changed

Over the years, the guideline value of Madha Koil 3rd Street has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 200 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, followed by a decrease to Rs 536 per sq.ft in 2017. The value then rose sharply to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

The changes between the revisions have varied. From 2007 to 2012, there was a remarkable increase of 300%. However, this was followed by a decrease of 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023, and increased by 10% from 2023 to 2024. Overall, the guideline value has increased by 340% from 2007 to 2024.

Guideline values in Koladi

In Koladi village, there are 175 streets that fall under the Chennai South Joint II SRO, with guideline values ranging from Rs 660 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, indicating that the 2024 figure for Madha Koil 3rd Street is below this median.

Stamp duty and registration fee for property in Madha Koil 3rd 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 charges to Rs 79,200. 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 more details.

Which Sub Registrar Office covers Madha Koil 3rd Street?

The Sub Registrar Office that covers Madha Koil 3rd Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in the property registration process in Koladi. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory charges that must be paid at the time of registration. This ensures that all transactions are recorded accurately and transparently within the real estate market.

Frequently asked questions

What is the current guideline value of Madha Koil 3rd Street?

The current guideline value of Madha Koil 3rd 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 200 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 340% over this period.

What is the land classification for Madha Koil 3rd Street?

The land classification for Madha Koil 3rd Street is Residential Class II Type - II.

Where can I find the Sub Registrar Office for Madha Koil 3rd Street?

The Sub Registrar Office for Madha Koil 3rd Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for properties in Koladi?

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