Guideline Value for MMDA WHOLESALE MARKET A ROAD

Mmda Wholesale Market A Road guideline value

The current guideline value of Mmda Wholesale Market A Road is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village under the AnnaNagar SRO, classified as Mixed Type - II.

How the guideline value of Mmda Wholesale Market A Road has changed

The guideline value for Mmda Wholesale Market A Road has undergone several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 4,690 per sq.ft. This figure increased to Rs 7,000 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 7,700 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Koyakbedu

Koyakbedu village comprises 270 streets under the AnnaNagar SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing the guideline value of Mmda Wholesale Market A Road above the median.

• M.M.D.A. Whole Sale Market Shop No.TD 89 only: Rs 7,700 per sq.ft (2024)
• MMDA Wholesale Market: Rs 7,700 per sq.ft (2024)
• Mullai Street Brindavan Nagar: Rs 4,400 per sq.ft (2024)
• Mettu Kulam: Rs 2,200 per sq.ft (2024)
• Nadu Street (Centre Street): Rs 3,300 per sq.ft (2024)
• Mannady Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Mmda Wholesale Market A Road

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, resulting in a total of Rs 6,93,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mmda Wholesale Market A Road?

The Sub Registrar Office that covers Mmda Wholesale Market A Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Koyakbedu. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is conducted at a legally recognized value.

When a property is sold, the guideline value will be considered to determine the applicable duties. Buyers should be aware that the duty is charged based on the higher of the guideline value or the actual sale price, which can impact the overall costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Mmda Wholesale Market A Road?

The current guideline value of Mmda Wholesale Market A Road is Rs 7,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 4,690 per sq.ft to Rs 7,700 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

Which office handles property registrations for Mmda Wholesale Market A Road?

The AnnaNagar Sub Registrar Office is responsible for property registrations for Mmda Wholesale Market A Road, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for this street?

Mmda Wholesale Market A Road is classified as Mixed Type - II, indicating a mix of residential and commercial uses.