Guideline Value for MAHDA KOIL 2ND STREET AND CROSS STREET

Mahda Koil 2nd Street And Cross Street guideline value

The current guideline value for Mahda Koil 2nd Street And Cross Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Koladi village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Mahda Koil 2nd Street And Cross Street has changed

The guideline value for Mahda Koil 2nd Street And Cross Street has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 800 per sq.ft. This was followed by a decrease to Rs 536 per sq.ft in 2017. In 2023, the value increased significantly to Rs 800 per sq.ft, and in the most recent revision in 2024, it rose to Rs 880 per sq.ft.

In terms of percentage changes, from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Koladi

In Koladi, there are 175 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, indicating that the guideline value for Mahda Koil 2nd Street And Cross Street is below this median.

• Mahda Koil 3rd Cross Street: Rs 880 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 880 per sq.ft (2024)
• Madha Koil 3rd Street: Rs 880 per sq.ft (2024)
• Madha Koil 2nd Street: Rs 880 per sq.ft (2024)
• Madha Koil 1st Street: Rs 880 per sq.ft (2024)
• Madhakoil 1st Cross Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Mahda Koil 2nd Street And Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, together totaling Rs 79,200. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Mahda Koil 2nd Street And Cross Street?

The Sub Registrar Office that covers Mahda Koil 2nd Street And Cross Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Koladi. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value serves as a baseline for calculating the costs involved. This value is important for both parties to understand, as it influences the overall transaction costs and legal obligations associated with property transfer.

Frequently asked questions

What is the current guideline value for Mahda Koil 2nd Street And Cross Street?

The current guideline value for Mahda Koil 2nd Street And Cross Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Mahda Koil 2nd Street And Cross Street?

The land classification for Mahda Koil 2nd Street And Cross Street is Residential Class II Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Mahda Koil 2nd Street And Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is crucial for both buyers and sellers to understand this value to comply with local regulations and calculate the costs involved.