Guideline Value for MADHANAPURI

Madhanapuri guideline value

The current guideline value of Madhanapuri is Rs 1,000 per sq.ft as per the 2023 revision. This area falls under Kolapakkam village and is classified as Commercial Class I Type - II. The relevant Sub Registrar Office for this location is the Gooduvancheri SRO.

How the guideline value of Madhanapuri has changed

Over the years, the guideline value of Madhanapuri has seen several revisions. In 2007, the guideline value was Rs 230 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a rise of 335%. However, from 2012 to 2017, the value decreased to Rs 670 per sq.ft, a drop of 33%. The latest revision in 2023 brought the guideline value back to Rs 1,000 per sq.ft, which reflects a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, there has been a substantial increase of 335%. It is important to note that the guideline value register does not have figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Kolapakkam

Currently, there are no specific village figures provided for Kolapakkam. Madhanapuri is one of the streets under the Gooduvancheri SRO. Unfortunately, there are no other streets in Kolapakkam listed with guideline values.

Stamp duty and registration fee for property in Madhanapuri

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Madhanapuri?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Kolapakkam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is considered to establish the minimum value for taxation purposes. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Madhanapuri?

The current guideline value of Madhanapuri is Rs 1,000 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 230 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and finally returned to Rs 1,000 per sq.ft in 2023.

What is the registration office for Madhanapuri?

The registration office for Madhanapuri is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone.

What are the stamp duty and registration fees for buying property in Madhanapuri?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 10,00,000, the total fees would be Rs 90,000.

Is there any guideline value for Kolapakkam's other streets?

Currently, there are no other streets in Kolapakkam listed with specific guideline values under the Gooduvancheri SRO.