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 Vallam village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Madha Koil Street has changed

Looking at the historical 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 2024 revision. In contrast, the 2017 revision recorded a lower value of Rs 134 per sq.ft, which increased by 49% to Rs 200 per sq.ft in the 2023 revision. There are no figures available for the revisions in 2002, 2003, and 2007.

From the 2012 revision to the 2024 revision, the guideline value has remained stable at Rs 200 per sq.ft, indicating no overall change during this period. The most recent 2024 revision reflects the same value as the previous year, with no percentage change from 2023 to 2024.

Guideline values in Vallam

In Vallam, there are 51 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,950 per sq.ft. The median value for these streets is Rs 200 per sq.ft, which is equal to the guideline value of Madha Koil Street.

• Little Farms: Rs 200 per sq.ft (2024)
• Kumaran Nagar: Rs 200 per sq.ft (2024)
• Mariyamman Koil Street: Rs 200 per sq.ft (2024)
• Mettu Street: Rs 200 per sq.ft (2024)
• Kavery Nagar: Rs 410 per sq.ft (2024)
• Muthamil Nagar: 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 would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total cost 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 more information, 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 details.

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

The guideline value plays a crucial role when buying or selling property in Vallam, as it determines the minimum value at which a property can be registered. This value is used to calculate the applicable stamp duty and registration fees during the transaction process.

When you approach the Sub Registrar Office for registration, the guideline value will be considered alongside the sale price. The higher of the two values will be used to calculate the stamp duty and registration fees, ensuring compliance with legal requirements.

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?

Over the years, the guideline value for Madha Koil Street has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 200 per sq.ft, unchanged from 2023. The value increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, reflecting a 49% increase.

What is the classification of Madha Koil Street?

Madha Koil Street is classified as Residential Class III Type - I, indicating its suitability for residential development and use.

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.

How is stamp duty calculated for properties in Vallam?

Stamp duty for properties in Vallam is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at 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.