Guideline Value for Madavilagam arijana colony 108/3

Madavilagam arijana colony 108/3 guideline value

The current guideline value for Madavilagam arijana colony 108/3 is Rs 660 per sq.ft, effective from 1 July 2024. This property is located in Madavilagam village, under the Poonamallee SRO, and is classified as Residential Class III Type - I.

How the guideline value of Madavilagam arijana colony 108/3 has changed

The guideline value for Madavilagam arijana colony 108/3 has seen several revisions over the years. The earliest recorded value was Rs 150 per sq.ft in 2007, which increased significantly to Rs 600 per sq.ft in 2012. However, this figure decreased to Rs 402 per sq.ft in 2017. The value then rose to Rs 600 per sq.ft in 2023, and most recently, it has been revised to Rs 660 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 340%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Madavilagam

In Madavilagam, there are 37 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Madavilagam arijana colony 108/3 is below this median.

• Madavilagam arijana colony 108/1: Rs 660 per sq.ft (2024)
• Madavilagam arijana colony 108/4: Rs 660 per sq.ft (2024)
• Madavilagam arijana colony 108: Rs 660 per sq.ft (2024)
• Madavilagam arijanna colony 108/2: Rs 660 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,100 per sq.ft (2024)
• Kundumedu Kundumedu colony 37,59,46: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Madavilagam arijana colony 108/3

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees together to Rs 59,400. Please 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 information.

Which Sub Registrar Office covers Madavilagam arijana colony 108/3?

The Sub Registrar Office that covers Madavilagam arijana colony 108/3 is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more details.

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

The guideline value is an essential factor during the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When engaging in property transactions in Madavilagam, understanding the guideline value helps ensure compliance with local regulations and accurate financial planning for associated costs.

Frequently asked questions

What is the current guideline value for Madavilagam arijana colony 108/3?

The current guideline value for Madavilagam arijana colony 108/3 is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, showing an overall increase of 340% over the years.

What are the stamp duty and registration fees for property in Madavilagam arijana colony 108/3?

For a 1,000 sq.ft plot, the stamp duty is Rs 46,200, and the registration fee is Rs 13,200, totaling Rs 59,400 based on the guideline value of Rs 6,60,000.

Which Sub Registrar Office covers Madavilagam arijana colony 108/3?

The Poonamallee Sub Registrar Office covers Madavilagam arijana colony 108/3, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

Where can I find more information about other streets in Madavilagam?

You can find information about other streets in Madavilagam, including their guideline values, on the respective links provided for each street.