Guideline Value for MADHA KOIL STREET

Madha Koil Street guideline value

The current guideline value of Madha Koil Street is Rs 550 per sq.ft, as per the 2023 revision. This street is located in Kovalam village under the Thiruporur SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Madha Koil Street has changed

The guideline value of Madha Koil Street has seen several revisions over the years. In the 2007 revision, the value was Rs 165 per sq.ft. This increased significantly to Rs 550 per sq.ft in the 2012 revision, marking a substantial rise of 233%. However, in the 2017 revision, the value decreased to Rs 368 per sq.ft, representing a decline of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 550 per sq.ft, reflecting an increase of 49% from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 233%. It is important to note that there are no figures available for the 2002, 2003, and 2024 revisions for this street.

Guideline values in Kovalam

Currently, there are no specific village figures available for Kovalam. However, Madha Koil Street has a guideline value of Rs 550 per sq.ft. Unfortunately, no other streets in Kovalam have been provided with figures.

Stamp duty and registration fee for property in Madha Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total fee Rs 49,500. It is essential 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 Madha Koil Street?

The Sub Registrar Office that covers Madha Koil Street is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kovalam, as it determines the amount of stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring that the transaction is legally compliant.

When a property is sold, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This means that if the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value instead.

Frequently asked questions

What is the current guideline value of Madha Koil Street?

The current guideline value of Madha Koil Street is Rs 550 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 165 per sq.ft in 2007 to Rs 550 per sq.ft in 2012, then decreased to Rs 368 per sq.ft in 2017, and finally returned to Rs 550 per sq.ft in 2023.

What is the stamp duty rate for properties in Madha Koil Street?

The stamp duty rate for properties in Madha Koil Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Madha Koil Street located?

The Sub Registrar Office for Madha Koil Street is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Are there any other streets in Kovalam with guideline values?

Currently, there are no other streets in Kovalam provided with guideline values. Madha Koil Street is the only street mentioned in this context.