Guideline Value for MADHA KOVIL THERU

Madha Kovil Theru guideline value

The current guideline value of Madha Kovil Theru is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Arambakkam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Madha Kovil Theru has changed

In the most recent revisions, the guideline value for Madha Kovil Theru has remained stable at Rs 800 per sq.ft for both the 2023 and 2024 revisions. Prior to this, the 2017 revision recorded a value of Rs 536 per sq.ft, marking a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only relevant revisions are from 2017, 2023, and 2024, with the current rate reflecting no change from the previous year.

Guideline values in Arambakkam

In Arambakkam, there are 33 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 800 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Madha Kovil Theru's 2024 figure above this median.

• Lakshmi Nagar: Rs 600 per sq.ft (2024)
• Karpaga Vinayagar Nagar: Rs 600 per sq.ft (2024)
• Kambar Avenue: Rs 600 per sq.ft (2024)
• Ganapathipuram: Rs 800 per sq.ft (2024)
• Ragavendra Nagar: Rs 600 per sq.ft (2024)
• Dr. Radhakrishnan Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Madha Kovil Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The applicable stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Madha Kovil Theru?

The Sub Registrar Office that covers Madha Kovil Theru is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor in property transactions in Arambakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Madha Kovil Theru?

The current guideline value of Madha Kovil Theru is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision to the 2023 revision, the guideline value increased by 49%, remaining stable at Rs 800 per sq.ft for both 2023 and 2024. The 2017 figure was Rs 536 per sq.ft.

What is the median guideline value for streets in Arambakkam?

The median guideline value for the 33 streets in Arambakkam under the Gooduvancheri SRO is Rs 600 per sq.ft. Madha Kovil Theru's 2024 value is above this median.

What are the stamp duty rates for properties in Madha Kovil Theru?

The stamp duty for properties in Madha Kovil Theru is charged at 7% of the guideline value or the sale price, whichever is higher. Registration fees are charged at 2% of the guideline value.

Where is the Sub Registrar Office for Madha Kovil Theru located?

The Sub Registrar Office covering Madha Kovil Theru is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.