Guideline Value for Madha koil street

Madha koil street guideline value

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

How the guideline value of Madha koil street has changed

In the 2012 revision, the guideline value was Rs 200 per sq.ft. This remained unchanged in the 2017 revision, where it was Rs 134 per sq.ft, marking a decrease of 33%. The value then increased significantly by 49% in the 2023 revision, returning to Rs 200 per sq.ft. The current guideline value from the 2024 revision is also Rs 200 per sq.ft, showing no change from the previous year.

For the years 2002, 2003, and 2007, the register has no figure for Madha koil street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 200 per sq.ft.

Guideline values in Thodukadu

In Thodukadu, there are 24 streets under the Sriperumpudur SRO that carry a 2024 figure ranging from Rs 200 to Rs 1,250 per sq.ft. The median value for these streets is Rs 400 per sq.ft, indicating that Madha koil street's 2024 figure is below that median.

• Maxis Avenue: Rs 400 per sq.ft (2024)
• KKR Garden: Rs 500 per sq.ft (2024)
• Kkr Eldorado: Rs 750 per sq.ft (2024)
• KKR city Annex: Rs 500 per sq.ft (2024)
• KKR City: Rs 500 per sq.ft (2024)
• KKE Nagar: Rs 300 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 rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, 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 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 Thodukadu

The guideline value is a crucial factor during the registration of property transactions in Thodukadu. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It is essential to be aware of the current guideline value to understand the financial implications of the transaction, including applicable fees and duties.

Frequently asked questions

What is the current guideline value of Madha koil street?

The current guideline value of Madha koil street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen a decrease from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, followed by an increase back to Rs 200 per sq.ft in 2023 and remaining the same in 2024.

What is the median guideline value for streets in Thodukadu?

The median guideline value for streets in Thodukadu is Rs 400 per sq.ft, with Madha koil street's value being below this median.

What are the stamp duty rates for properties in Madha koil street?

The stamp duty for properties in Madha koil street is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Madha koil street?

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