Guideline Value for Madhuraiveeran Koil Street

Madhuraiveeran Koil Street guideline value

The current guideline value of Madhuraiveeran Koil Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Sengadu village under the Sriperumpudur SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Madhuraiveeran Koil Street has changed

Looking at the revisions, the guideline value for Madhuraiveeran Koil Street was Rs 150 per sq.ft in both the 2023 and 2024 revisions. In the 2017 revision, the guideline value was Rs 100 per sq.ft, which represents a 50% increase from the 2017 figure to the 2023 figure. The 2012 revision also had a guideline value of Rs 150 per sq.ft, showing a decrease of 33% from the 2012 figure to the 2017 figure. Overall, from 2012 to 2024, there has been no change in the guideline value.

The register has no figures for the years 2002, 2003, and 2007 for this street. In summary, the guideline values over the years have seen fluctuations, but the current value aligns with the median for the village.

Guideline values in Sengadu

In Sengadu, there are 24 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 101 to Rs 500 per sq.ft, with the median being Rs 150 per sq.ft. Madhuraiveeran Koil Street's 2024 figure is equal to this median.

• Mariyamman Koil Street: Rs 150 per sq.ft (2024)
• Mettu Street: Rs 150 per sq.ft (2024)
• Kiran Nagar: Rs 150 per sq.ft (2024)
• Karpaga Vinayaga Nagar: Rs 400 per sq.ft (2024)
• High School Street: Rs 200 per sq.ft (2024)
• Pathiratchi Amman Koil Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Madhuraiveeran Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Madhuraiveeran Koil Street?

The Sub Registrar Office that covers Madhuraiveeran 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 Sengadu

The guideline value plays a crucial role in the registration process of property transactions in Sengadu. It is used to determine the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value serves as a benchmark for the transaction. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Madhuraiveeran Koil Street?

The current guideline value of Madhuraiveeran Koil Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revisions in 2023 and 2024 both set at Rs 150 per sq.ft. The value increased by 50% from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in 2023.

What are the other streets in Sengadu with similar guideline values?

Other streets in Sengadu with a guideline value of Rs 150 per sq.ft include Mariyamman Koil Street, Mettu Street, and Kiran Nagar. There are also streets with higher values, such as Karpaga Vinayaga Nagar at Rs 400 per sq.ft.

What fees are associated with buying property in Madhuraiveeran Koil Street?

When buying property, you will incur stamp duty at 7% and a registration fee at 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would be Rs 13,500 based on the current guideline value.

Which office handles property registration for Madhuraiveeran Koil Street?

The Sriperumpudur Sub Registrar Office handles property registration for Madhuraiveeran Koil Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.