Guideline Value for Ma-Po-Vedha St ( Ward No.30 )

Ma-Po-Vedha St ( Ward No.30 ) guideline value

The current guideline value of Ma-Po-Vedha St ( Ward No.30 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Ma-Po-Vedha St ( Ward No.30 ) has changed

The guideline value for Ma-Po-Vedha St has undergone several revisions. The oldest available figure is from the 2017 revision, which set the value at Rs 804 per sq.ft. The most recent revision in 2024 has increased this figure to Rs 1,300 per sq.ft, marking a significant increase of 62% over the seven-year period.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 for this street. Thus, the only revisions that reflect a guideline value are from 2017 and 2024.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Ma-Po-Vedha St is below this median.

• Ma.Po. Vedha St (Ward-30): Rs 1,600 per sq.ft (2024)
• Ma.Po. Veda Street (Ward 20): Rs 1,600 per sq.ft (2024)
• Mariamman Koil cross st ( Ward No.10 ): Rs 1,300 per sq.ft (2024)
• Mariamman Koil Street (Ward-10): Rs 1,300 per sq.ft (2024)
• Mariamman Koil St (Ward-08): Rs 1,300 per sq.ft (2024)
• Mannady Street (Ettapalayam): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ma-Po-Vedha St ( Ward No.30 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the 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 Ma-Po-Vedha St ( Ward No.30 )?

The Sub Registrar Office that covers Ma-Po-Vedha St is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Madhavaram. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ma-Po-Vedha St ( Ward No.30 )?

The current guideline value of Ma-Po-Vedha St ( Ward No.30 ) is Rs 1,300 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 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, representing a 62% increase over this period.

Are there any revisions without figures for Ma-Po-Vedha St?

Yes, the guideline value register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for Ma-Po-Vedha St.

What is the land classification for Ma-Po-Vedha St?

Ma-Po-Vedha St is classified as Residential Class III Type - I.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.