Guideline Value for Madha Koil Street

Madha Koil Street guideline value

The current guideline value of Madha Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Kobarasanallur village, under the Kunrathur SRO, and is classified as Mixed Special Type - II.

How the guideline value of Madha Koil Street has changed

In the 2012 revision, the guideline value was Rs 1,800 per sq.ft. This figure decreased to Rs 1,206 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%, bringing it to Rs 1,800 per sq.ft. The latest revision in 2024 set the guideline value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Madha Koil Street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Kobarasanallur

Kobarasanallur village has 28 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 4,180 per sq.ft. The median guideline value is Rs 1,980 per sq.ft, which is the same as the current value for Madha Koil Street.

• MAC Nagar: Rs 1,980 per sq.ft (2024)
• Mariamman Koil Street: Rs 1,980 per sq.ft (2024)
• Marshall Nagar: Rs 1,980 per sq.ft (2024)
• Moogambigai Nagar Phase I & II: Rs 1,980 per sq.ft (2024)
• KGT Nagar: Rs 1,980 per sq.ft (2024)
• Kesar Nagar: Rs 3,285 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 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Madha Koil Street?

The Sub Registrar Office that covers Madha Koil Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Kobarasanallur. It is used to determine the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value is considered to ensure that the transaction is registered at a value that reflects the official rates set by the government. This helps in maintaining transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Madha Koil Street?

The current guideline value of Madha Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has varied over the years, with the 2012 revision at Rs 1,800 per sq.ft, dropping to Rs 1,206 per sq.ft in 2017, and then increasing to Rs 1,800 per sq.ft in 2023. The latest revision in 2024 set it at Rs 1,980 per sq.ft.

What are the other streets in Kobarasanallur with the same guideline value?

Other streets in Kobarasanallur with the same guideline value of Rs 1,980 per sq.ft include MAC Nagar, Mariamman Koil Street, Marshall Nagar, and Moogambigai Nagar Phase I & II, among others.

What is the registration fee for property in Madha Koil Street?

The registration fee for property in Madha Koil Street is calculated based on the guideline value. For example, a property valued at Rs 19,80,000 would incur a registration fee of Rs 39,600 at a rate of 2%.

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

The Sub Registrar Office for Madha Koil Street is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details about it online.