Guideline Value for Madha Koil Street

Madha Koil Street guideline value

The current guideline value of Madha Koil Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Eraiyur village under the Sriperumpudur SRO, classified as Residential Class II Type - I.

How the guideline value of Madha Koil Street has changed

Looking at the revisions, the guideline value for Madha Koil Street has seen several changes over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 200 per sq.ft. The 2017 revision marked a significant increase to Rs 134 per sq.ft, which was a decrease of 33% from the 2012 figure. From 2017 to 2023, there was a notable increase of 49% to return to Rs 200 per sq.ft.

In the latest 2024 revision, the guideline value remains at Rs 200 per sq.ft, showing no change from the previous year. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Eraiyur

In Eraiyur, there are 35 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 471 per sq.ft. The median value is Rs 200 per sq.ft, which is equal to the 2024 figure for Madha Koil Street.

• Mahakavi Subramaniya Bharthi Nagar I: Rs 200 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 200 per sq.ft (2024)
• Krishnammal Nagar: Rs 200 per sq.ft (2024)
• Mettu Colony: Rs 100 per sq.ft (2024)
• Jeyam Nagar: Rs 200 per sq.ft (2024)
• Isvariyam Avenue: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Madha Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Madha Koil Street?

The Sub Registrar Office that covers Madha Koil Street 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 Eraiyur

The guideline value plays a crucial role during the registration of property transactions in Eraiyur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty based on the higher amount between the guideline value and the sale price. This ensures that the government receives the appropriate fees for property transactions.

Frequently asked questions

What is the current guideline value of Madha Koil Street?

The current guideline value of Madha Koil Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, except for a drop to Rs 134 per sq.ft in 2017. It increased back to Rs 200 per sq.ft in 2023 and has not changed in the 2024 revision.

What are the other streets in Eraiyur with similar guideline values?

Other streets in Eraiyur with a 2024 guideline value of Rs 200 per sq.ft include Mahakavi Subramaniya Bharthi Nagar I, Mahalakshmi Nagar, Krishnammal Nagar, Jeyam Nagar, and Isvariyam Avenue.

What are the stamp duty and registration fees for properties in Madha Koil Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property at Rs 200 per sq.ft, the total fees would be Rs 18,000.

Where can I find the Sub Registrar Office for Madha Koil Street?

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