Guideline Value for Madha Koil Street Nedunsalai

Madha Koil Street Nedunsalai guideline value

The current guideline value of Madha Koil Street Nedunsalai is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Mevaloorkuppam village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Madha Koil Street Nedunsalai has changed

Over the years, the guideline value of Madha Koil Street Nedunsalai has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2023 revision, where it was still Rs 300 per sq.ft. The 2017 revision marked a significant increase from the previous value, rising to Rs 201 per sq.ft, which represented a 49% increase from the 2012 figure. The register has no figure for the years 2002, 2003, and 2007.

From 2012 to 2024, the overall change has been 0%, as the value has remained constant at Rs 300 per sq.ft from 2012 to 2024. The 2023 to 2024 revision showed no change, maintaining the value at Rs 300 per sq.ft.

Guideline values in Mevaloorkuppam

In Mevaloorkuppam, there are 69 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,400 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Madha Koil Street Nedunsalai is below this median.

• Manthoppu Street: Rs 200 per sq.ft (2024)
• Kulanthaivelu Nagar: Rs 200 per sq.ft (2024)
• Kulakkarai Street: Rs 700 per sq.ft (2024)
• Mekkar Street: Rs 300 per sq.ft (2024)
• Mettu Street: Rs 200 per sq.ft (2024)
• kingsland Extension: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Madha Koil Street Nedunsalai

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, resulting in a total of Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Madha Koil Street Nedunsalai?

The Sub Registrar Office that covers Madha Koil Street Nedunsalai is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Mevaloorkuppam. It determines the minimum value at which properties can be registered, ensuring that transactions are recorded accurately and transparently.

When you proceed with a property transaction, the guideline value will be used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Madha Koil Street Nedunsalai?

The current guideline value of Madha Koil Street Nedunsalai is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained constant at Rs 300 per sq.ft from 2012 to 2024, with a notable increase from Rs 201 per sq.ft in 2017. The 2023 revision also maintained the value at Rs 300 per sq.ft.

Which Sub Registrar Office covers this street?

The Sriperumpudur Sub Registrar Office covers Madha Koil Street Nedunsalai, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, amounting to a total of Rs 27,000.

What is the land classification for Madha Koil Street Nedunsalai?

The land classification for Madha Koil Street Nedunsalai is Residential Class III Type - I, which indicates its intended use for residential purposes.