Guideline Value for MADHINA PALLI VASAL

Madhina Palli Vasal guideline value

The current guideline value of Madhina Palli Vasal is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Ponneri_2 village, under the Ponneri SRO, and is classified as Residential Special Type - I.

How the guideline value of Madhina Palli Vasal has changed

In the 2017 revision, the guideline value was Rs 804 per sq.ft. This figure increased by 49% to Rs 1,200 per sq.ft in the 2023 revision. The 2024 revision also maintains the guideline value at Rs 1,200 per sq.ft, showing no change from 2023 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. The consistency in the guideline value from 2023 to 2024 indicates stability in this period.

Guideline values in Ponneri_2

Ponneri_2 village has 75 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 700 to Rs 1,300 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Madhina Palli Vasal's guideline value above this median.

• Madhavan Road / Nagar: Rs 702 per sq.ft (2024)
• Lucky Star City: Rs 700 per sq.ft (2024)
• Lakshmi Nagar: Rs 700 per sq.ft (2024)
• Lakshmi Amman Kovil Street: Rs 700 per sq.ft (2024)
• Masque St: Rs 700 per sq.ft (2024)
• Kulakkarai Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Madhina Palli Vasal

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total cost for these fees Rs 1,08,000. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Madhina Palli Vasal?

The Madhina Palli Vasal area falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value is a crucial factor in property transactions in Ponneri_2, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures that the government receives the appropriate revenue from property sales in the area.

Frequently asked questions

What is the current guideline value of Madhina Palli Vasal?

The current guideline value of Madhina Palli Vasal is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023 and remained the same in 2024. This represents a 49% increase from 2017 to both 2023 and 2024.

What is the land classification for Madhina Palli Vasal?

Madhina Palli Vasal is classified as Residential Special Type - I. This classification indicates the type of development and usage permitted in the area.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles property registrations for the area.

How is stamp duty calculated for properties in Madhina Palli Vasal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 12,00,000, the stamp duty would be calculated at 7% of this amount.