Guideline Value for Madha Koil Street

Madha Koil Street guideline value

The current guideline value of Madha Koil Street is Rs 150 per sq.ft, as per the 2024 revision effective from 1 July 2024. This street is located in Padoor village and falls under the Sunguvarchattram SRO with a land classification of Residential Class II Type - I.

How the guideline value of Madha Koil Street has changed

Over the years, the guideline value of Madha Koil Street has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2023 revision, where it continued to be Rs 150 per sq.ft. The 2017 revision saw an increase to Rs 100 per sq.ft, marking a 50% increase from the previous figure. However, from 2012 to 2017, there was a decrease of 33% in the value.

Looking at the overall changes, the guideline value from 2012 to 2024 has remained the same at Rs 150 per sq.ft. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Padoor

Padoor village has a range of guideline values across its 22 streets under the Sunguvarchattram SRO, with values varying from Rs 150 to Rs 1,700 per sq.ft. The median guideline value for these streets is Rs 705 per sq.ft, placing Madha Koil Street's 2024 figure below this median.

• MGR Street: Rs 150 per sq.ft (2024)
• Indra Street: Rs 200 per sq.ft (2024)
• Poonnamallee TharSalai: Rs 200 per sq.ft (2024)
• P.V.K Street: Rs 200 per sq.ft (2024)
• Bypass Road: Rs 200 per sq.ft (2024)
• Breeze county: Rs 600 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 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total cost for these fees Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, 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 Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more details.

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

When buying or selling property in Padoor, the guideline value is a crucial factor in determining the registration fees and stamp duty. The guideline value is set by the government and reflects the minimum value at which properties can be registered.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the costs associated with property transactions. The registration process requires payment of stamp duty based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Madha Koil Street?

The current guideline value of Madha Koil Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft from 2012 to 2024, with a previous increase to Rs 100 per sq.ft in 2017. There was also a 50% increase from 2017 to 2023.

What is the median guideline value of streets in Padoor?

The median guideline value for the 22 streets in Padoor is Rs 705 per sq.ft, which is higher than the current value of Madha Koil Street.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 1,50,000. The stamp duty at 7% is Rs 10,500, and the registration fee at 2% is Rs 3,000, totaling Rs 13,500.

Which office handles registrations for Madha Koil Street?

The Sunguvarchattram Sub Registrar Office handles registrations for Madha Koil Street, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.