Guideline Value for MCB MADURA PHASE-II

Mcb Madura Phase-II guideline value

The current guideline value of Mcb Madura Phase-II is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Thiruninravur-A village under the Avadi SRO and falls under the Residential Class I Type - II land classification.

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

The guideline value for Mcb Madura Phase-II has undergone several revisions over the years. The oldest recorded figure is from the 2017 revision, which set the value at Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in the 2023 revision, reflecting a significant rise of 49%. The most recent 2024 revision has further increased the guideline value to Rs 770 per sq.ft, marking a 10% increase from the previous year.

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

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that have a guideline value for 2024, ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, placing Mcb Madura Phase-II's 2024 figure above that median.

• Mcb Madura Phase - I: Rs 770 per sq.ft (2024)
• M.C.B Mathura Phase IV: Rs 770 per sq.ft (2024)
• Mettu Street: Rs 950 per sq.ft (2024)
• M.G.R.Nagar 1 To 10 Streets: Rs 750 per sq.ft (2024)
• M.G.R Street: Rs 750 per sq.ft (2024)
• Mangala Garden: Rs 750 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees together to Rs 69,300. 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 details.

Which Sub Registrar Office covers Mcb Madura Phase-II?

The Mcb Madura Phase-II falls under 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 information.

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

The guideline value is a crucial factor during property transactions in Thiruninravur-A. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware that the guideline value may influence the overall cost of the transaction.

When registering a property, the guideline value serves as a benchmark for the minimum price at which the property can be sold. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

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

The current guideline value of Mcb Madura Phase-II is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 770 per sq.ft in 2024, a total increase of 64% over the seven years.

What are the stamp duty and registration fees for a property in Mcb Madura Phase-II?

For a 1,000 sq.ft plot, the total guideline value is Rs 7,70,000. The stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which office handles registrations for Mcb Madura Phase-II?

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

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 acts as a benchmark for the minimum selling price of the property, ensuring accurate tax collection by the government.