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 Nemili_B village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Madha Koil Street has changed

In the 2017 revision, the guideline value was set at Rs 134 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 200 per sq.ft. The 2024 revision has also maintained the guideline value at Rs 200 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was an increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, reflecting a consistent value since 2023.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,500 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Madha Koil Street's 2024 figure below that median.

• Madhuramman Koil Cross Street: Rs 150 per sq.ft (2024)
• Madhuramman Koil Street: Rs 150 per sq.ft (2024)
• Lucky Land: Rs 250 per sq.ft (2024)
• Lakshmi Amman Koil Street: Rs 250 per sq.ft (2024)
• Manasa Devi Nagar: Rs 250 per sq.ft (2024)
• Kumaran Street: 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 rate, the guideline value is 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, totaling Rs 18,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for precise calculations.

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 Nemili_B

The guideline value is a crucial factor during property registration in Nemili_B. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall costs involved in the transaction. Buyers should ensure that the sale price is not below the guideline value to avoid any legal issues during registration.

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 2023. It increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What is the median guideline value for streets in Nemili_B?

The median guideline value for streets in Nemili_B is Rs 250 per sq.ft, with Madha Koil Street's 2024 figure being below this median.

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

For a property valued at the current guideline of Rs 2,00,000, the stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles property registrations for Madha Koil Street?

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