Guideline Value for MCB MADURA PHASE - I

Mcb Madura Phase - I guideline value

The current guideline value of Mcb Madura Phase - I is Rs 768 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village, under the Avadi SRO, and is classified as Residential Class I Type - II.

How the guideline value of Mcb Madura Phase - I has changed

The guideline value for Mcb Madura Phase - I has undergone several revisions over the years. The earliest recorded revision is from 2017, where the value was Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 saw the guideline value increase to Rs 768 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft, with a median value of Rs 770 per sq.ft. Mcb Madura Phase - I's 2024 guideline value is below this median.

• Mcb Madura Phase-II: Rs 768 per sq.ft (2024)
• M.C.B Mathura Phase IV: Rs 768 per sq.ft (2024)
• Mettu Street: Rs 440 per sq.ft (2024)
• M.G.R.Nagar 1 To 10 Streets: Rs 770 per sq.ft (2024)
• M.G.R Street: Rs 770 per sq.ft (2024)
• Mangala Garden: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Mcb Madura Phase - I

For a 1,000 sq.ft plot at the current rate of Rs 768 per sq.ft, the guideline value would be Rs 7,68,000. The stamp duty at 7% would be Rs 53,760, and the registration fee at 2% would be Rs 15,360, totaling Rs 69,120. 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 Mcb Madura Phase - I?

The Sub Registrar Office that covers Mcb Madura Phase - I is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value is a critical factor in the registration process when buying or selling property in Thiruninravur-B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a buyer and seller agree on a sale price, the guideline value is compared to ensure that the registration is done at the higher of the two. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Mcb Madura Phase - I?

The current guideline value of Mcb Madura Phase - I is Rs 768 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and then to Rs 768 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the land classification for Mcb Madura Phase - I?

Mcb Madura Phase - I is classified as Residential Class I Type - II. This classification indicates the type of development and usage permitted in the area.

Where can I find the Sub Registrar Office for Mcb Madura Phase - I?

The Avadi Sub Registrar Office covers Mcb Madura Phase - I, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Mcb Madura Phase - I?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,68,000, the stamp duty at 7% would be Rs 53,760.