Guideline Value for Madha Town Madha Town

Madha Town Madha Town guideline value

The current guideline value of Madha Town Madha Town is Rs 2,860 per sq.ft, effective from 1 July 2024. This area is located in Kerugambakkam village under the Pammal SRO, classified as Commercial Class I Type - I.

How the guideline value of Madha Town Madha Town has changed

The guideline value for Madha Town Madha Town has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,860 per sq.ft, an increase from Rs 2,600 per sq.ft in 2023, marking a 10% rise. Prior to that, in 2017, the guideline value was Rs 1,742 per sq.ft, reflecting a significant increase of 49% to the 2023 figure. Notably, the overall change from 2017 to 2024 is a rise of 64%.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. This lack of data means that the changes in guideline value during those years are not available for reference.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Madha Town Madha Town's 2024 figure above this median.

• Madha Town Extn: Rs 2,860 per sq.ft (2024)
• Madha Town Extension - I: Rs 3,850 per sq.ft (2024)
• Maansarovar Nagar: Rs 3,450 per sq.ft (2024)
• Lendi Garden: Rs 1,980 per sq.ft (2024)
• Leelavathy Nagar: Rs 1,980 per sq.ft (2024)
• Lakshmi Nagar (ward 6): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Madha Town Madha Town

For a 1,000 sq.ft plot at the current rate of Rs 2,860 per sq.ft, the guideline value amounts to Rs 28,60,000. The stamp duty at 7% would be Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, resulting in a total of Rs 2,57,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Madha Town Madha Town?

The Sub Registrar Office that covers Madha Town Madha Town is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process for property transactions in Kerugambakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for assessing the transaction value. It is essential to be aware of the current guideline value to understand the financial implications of the registration process.

Frequently asked questions

What is the current guideline value of Madha Town Madha Town?

The current guideline value of Madha Town Madha Town is Rs 2,860 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

From 2017 to 2024, the guideline value increased by 64%, moving from Rs 1,742 per sq.ft to Rs 2,860 per sq.ft. The change from 2023 to 2024 was a 10% increase from Rs 2,600 per sq.ft.

What is the registration office for Madha Town Madha Town?

The registration office for Madha Town Madha Town is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Madha Town Madha Town?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 28,60,000, the stamp duty would be Rs 2,00,200 at 7%.

What is the land classification of Madha Town Madha Town?

Madha Town Madha Town is classified as Commercial Class I Type - I, which plays a role in determining the guideline value and other regulatory aspects.