Guideline Value for MATHA KOIL STREET

Matha Koil Street guideline value

The current guideline value of Matha Koil Street is Rs 1,000 per sq.ft, as per the 2023 revision. This street falls under the jurisdiction of the Thiruporur Sub Registrar Office and is classified as Residential Class II Type - I.

How the guideline value of Matha Koil Street has changed

The guideline value for Matha Koil Street has seen several revisions over the years. In the 2007 revision, the guideline value was set at Rs 300 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a remarkable rise of 233%. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, a drop of 33%. The most recent revision in 2023 restored the guideline value to Rs 1,000 per sq.ft, reflecting an increase of 49% from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 233%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Kelambakkam

Currently, there are no specific village figures available for Kelambakkam. Matha Koil Street's guideline value is Rs 1,000 per sq.ft. There are no other streets in Kelambakkam listed under the Thiruporur SRO.

Stamp duty and registration fee for property in Matha Koil Street

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 together to Rs 90,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Matha Koil Street?

The Sub Registrar Office that covers Matha Koil Street is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial aspect when buying or selling property in Kelambakkam, as it determines the minimum value at which property transactions can be registered. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

When you register a property, the guideline value is used to assess the applicable stamp duty and registration fees. Buyers and sellers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can influence the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Matha Koil Street?

The current guideline value of Matha Koil Street 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 300 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 stamp duty rate for property in Matha Koil Street?

The stamp duty rate for property in Matha Koil Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Is there a guideline value for the year 2024 for Matha Koil Street?

No, the register has no figure for Matha Koil Street for the year 2024.