Guideline Value for Madhuramman Koil Street

Madhuramman Koil Street guideline value

The current guideline value of Madhuramman Koil Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Nemili_B village under the Sriperumpudur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Madhuramman Koil Street has changed

The guideline value for Madhuramman Koil Street has undergone several revisions over the years. The register does not have figures for the revisions in 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 300 per sq.ft, which was then reduced to Rs 150 per sq.ft in the 2024 revision, marking a decrease of 50%.

As of the 2024 revision, the guideline value stands at Rs 150 per sq.ft. This significant drop from the previous year's figure reflects the current valuation for this street.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. Madhuramman Koil Street's 2024 figure is below this median.

• Madhuramman Koil Cross Street: Rs 150 per sq.ft (2024)
• Madha Koil Street: Rs 200 per sq.ft (2024)
• Lucky Land: Rs 250 per sq.ft (2024)
• Lakshmi Amman Koil Street: Rs 250 per sq.ft (2024)
• Manasa Devi Nagar: Rs 250 per sq.ft (2024)
• Kumaran Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Madhuramman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to 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 fees together to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Madhuramman Koil Street?

The Sub Registrar Office that covers Madhuramman Koil Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, 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 Nemili_B

The guideline value plays a crucial role in the registration process when buying or selling property in Nemili_B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is taken into account to calculate the necessary fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Madhuramman Koil Street?

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

How much has the guideline value changed in recent years?

The guideline value changed from Rs 300 per sq.ft in 2023 to Rs 150 per sq.ft in 2024, reflecting a decrease of 50%.

What is the land classification of Madhuramman Koil Street?

Madhuramman Koil Street is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Madhuramman Koil Street?

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

How is the stamp duty calculated for properties in Madhuramman Koil Street?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,50,000, the stamp duty at 7% would be Rs 10,500.