Guideline Value for Madha Nagar - II

Madha Nagar - II guideline value

The current guideline value of Madha Nagar - II is Rs 302 per sq.ft, effective from 1 July 2024. This area is located in Manampathi village under the Uthiramerur SRO, classified as Residential Class III Type - III.

How the guideline value of Madha Nagar - II has changed

According to the register, there are no figures for Madha Nagar - II for the years 2002, 2003, 2007, 2012, and 2017. The guideline value for this street was Rs 302 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

The most recent revision in 2024 maintains the same rate of Rs 302 per sq.ft as in 2023, reflecting a 0% change. This consistency in the guideline value suggests stability in the valuation for this street.

Guideline values in Manampathi

In Manampathi, there are 13 streets under the Uthiramerur SRO that have a 2024 guideline value, ranging from Rs 201 to Rs 329 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Madha Nagar - II above this median.

• Balaji Nagar: Rs 302 per sq.ft (2024)
• Anu Avenue: Rs 263 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 201 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 302 per sq.ft (2024)
• Thendral Nagar: Rs 302 per sq.ft (2024)
• Sri Ganapathy Nagar Extension: Rs 201 per sq.ft (2024)

Stamp duty and registration fee for property in Madha Nagar - II

For a 1,000 sq.ft plot at the current guideline value of Rs 302 per sq.ft, the total guideline value would be Rs 3,02,000. The stamp duty at 7% would amount to Rs 21,140, and the registration fee at 2% would be Rs 6,040, totaling Rs 27,180. It is important to note that the 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 specific calculations.

Which Sub Registrar Office covers Madha Nagar - II?

The Madha Nagar - II area is covered by the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. To find your specific SRO, you can visit this link.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Manampathi. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that transactions are conducted at a standardized value.

When registering property, the guideline value or the sale price—whichever is higher—will determine the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Madha Nagar - II?

The current guideline value of Madha Nagar - II is Rs 302 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Madha Nagar - II has remained at Rs 302 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Madha Nagar - II?

Madha Nagar - II is classified as Residential Class III Type - III, indicating its designation for residential purposes within the area.

What are the stamp duty and registration fees for a property in Madha Nagar - II?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 3,02,000. The stamp duty would be Rs 21,140, and the registration fee would be Rs 6,040, totaling Rs 27,180.

Which Sub Registrar Office covers Madha Nagar - II?

The Uthiramerur Sub Registrar Office covers Madha Nagar - II, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.