Guideline Value for Madha garden

Madha garden guideline value

The current guideline value of Madha garden, located in Amarampedu village under the Sriperumpudur SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Madha garden has changed

The guideline value for Madha garden has undergone several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 200 per sq.ft. The 2017 revision saw a decrease to Rs 134 per sq.ft, marking a decline of 33% from the previous revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value increased by 49%, bringing it back to Rs 200 per sq.ft. The most recent revision in 2024 maintains this value, resulting in an overall change of 0% from the 2012 revision to the 2024 revision.

Guideline values in Amarampedu

In Amarampedu, there are 45 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft, with a median value of Rs 200 per sq.ft. Madha garden's 2024 figure aligns with this median.

• Lakshmi Nagar Phase 2: Rs 350 per sq.ft (2024)
• Lakshmi Nagar: Rs 350 per sq.ft (2024)
• Mandapam Street: Rs 150 per sq.ft (2024)
• Kundrathur Main Road: Rs 500 per sq.ft (2024)
• Manickapuri: Rs 100 per sq.ft (2024)
• Manickapuri Extn: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Madha garden

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty, charged at 7%, would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees 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. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Madha garden?

The Sub Registrar Office that covers Madha garden is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Amarampedu. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value for Madha garden?

The current guideline value for Madha garden is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a decrease to Rs 134 per sq.ft in 2017. The value increased by 49% from 2017 to 2023, returning to Rs 200 per sq.ft.

What are the stamp duty rates in Madha garden?

The stamp duty rate for property transactions in Madha garden is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sriperumpudur Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

What is the land classification for Madha garden?

Madha garden is classified as Residential Class I Type - I, indicating its designation for residential development.