Guideline Value for MADUPRIYA MAHAJAN GARDEN

Madupriya Mahajan Garden guideline value

The current guideline value of Madupriya Mahajan Garden is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Uthandi village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Madupriya Mahajan Garden has changed

The guideline value for Madupriya Mahajan Garden has seen several revisions over the years. In 2012, the guideline value was Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in 2017. The value increased significantly to Rs 1,000 per sq.ft in 2023, and further rose to the current value of Rs 1,100 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. Madupriya Mahajan Garden's 2024 guideline value is below this median.

• Malleswari Garden: Rs 1,100 per sq.ft (2024)
• Manavalan Garden: Rs 1,100 per sq.ft (2024)
• Mandaveli Thidal: Rs 2,200 per sq.ft (2024)
• Manickam Garden: Rs 1,100 per sq.ft (2024)
• Manimekalai Garden: Rs 1,100 per sq.ft (2024)
• Manthoppu Garden: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Madupriya Mahajan Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. 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 Madupriya Mahajan Garden?

The Madupriya Mahajan Garden falls under the Neelankarai Sub Registrar Office located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is used as a reference for determining the stamp duty and registration fees when buying or selling property in Uthandi. It serves as a basis for the official valuation of the property, ensuring that the transaction is recorded accurately.

When registering a property, the guideline value will influence the costs associated with the transaction, including the applicable duties and fees. It is essential for buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Madupriya Mahajan Garden?

The current guideline value of Madupriya Mahajan Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then increased to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Madupriya Mahajan Garden?

Madupriya Mahajan Garden is classified as Residential Class III Type - I.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Uthandi?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 11,00,000 would incur a stamp duty of Rs 77,000 at 7%.