Guideline Value for MCB MADURA PHASE-II

Mcb Madura Phase-II guideline value

The current guideline value of Mcb Madura Phase-II 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-II has changed

The guideline value for Mcb Madura Phase-II has seen several revisions over the years. The earliest recorded revision was in 2017, with a guideline value of Rs 469 per sq.ft. This figure increased to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 768 per sq.ft, representing 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 this street in the revisions of 2002, 2003, 2007, and 2012.

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. The guideline value for Mcb Madura Phase-II is slightly below this median.

• Mcb Madura Phase - I: 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-II

For a 1,000 sq.ft plot at the current guideline value of Rs 768 per sq.ft, the total guideline value would be Rs 7,68,000. The stamp duty at 7% would amount to Rs 53,760, and the registration fee at 2% would be Rs 15,360, together totaling Rs 69,120. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mcb Madura Phase-II?

The Sub Registrar Office that covers Mcb Madura Phase-II 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 information.

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

The guideline value plays a crucial role 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 transactions are conducted transparently and fairly.

When a property is sold, the guideline value will be used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are calculated based 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 Mcb Madura Phase-II?

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

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 469 per sq.ft to Rs 768 per sq.ft in 2024, marking an overall increase of 64%.

What is the stamp duty rate for property in Mcb Madura Phase-II?

The stamp duty rate for property transactions in Mcb Madura Phase-II is 7% of the guideline value or the sale price, whichever is higher.

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

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

What are the other streets with similar guideline values in Thiruninravur-B?

Other streets in Thiruninravur-B include Mcb Madura Phase - I and M.C.B Mathura Phase IV, both with a guideline value of Rs 768 per sq.ft, as well as Mettu Street at Rs 440 per sq.ft, and M.G.R.Nagar 1 To 10 Streets, M.G.R Street, and Mangala Garden, all at Rs 770 per sq.ft.