Guideline Value for Madhuriyamman Koil Street

Madhuriyamman Koil Street guideline value

The current guideline value of Madhuriyamman Koil Street is Rs 900 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Madhuriyamman Koil Street has changed

Over the years, the guideline value of Madhuriyamman Koil Street has seen several revisions. The earliest recorded figure is from 2007, where it was Rs 100 per sq.ft. This increased significantly to Rs 900 per sq.ft in 2012, marking an increase of 800%. However, it dropped to Rs 603 per sq.ft in 2017, a decrease of 33%. The value remained at Rs 900 per sq.ft in both the 2023 and 2024 revisions, showing no change from 2023 to 2024.

In summary, from 2017 to 2023, the value increased by 49%. The overall change from the 2007 revision to the current 2024 figure reflects an increase of 800%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft. The median value for these streets is Rs 800 per sq.ft, placing Madhuriyamman Koil Street's 2024 figure above this median.

• Mahathma Gandhi Street: Rs 900 per sq.ft (2024)
• Mailan Street: Rs 900 per sq.ft (2024)
• Malayametu Street: Rs 1,000 per sq.ft (2024)
• Maliyangaranai Madhura Manikka Naththam: Rs 700 per sq.ft (2024)
• Mallicheri: Rs 250 per sq.ft (2024)
• Malligapuram 1st Street: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Madhuriyamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, bringing the total cost for these fees to Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Madhuriyamman Koil Street?

The Madhuriyamman Koil Street falls under the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration of property transactions in Uthiramerur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When registering a property, buyers must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Madhuriyamman Koil Street?

The current guideline value of Madhuriyamman Koil Street is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 100 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, with fluctuations in between, including a drop to Rs 603 per sq.ft in 2017. The value has remained at Rs 900 per sq.ft since 2023.

What is the median guideline value in Uthiramerur?

The median guideline value for streets in Uthiramerur is Rs 800 per sq.ft, placing Madhuriyamman Koil Street's 2024 figure above this median.

What is the stamp duty rate for properties in Madhuriyamman Koil Street?

The stamp duty rate for properties in Madhuriyamman Koil Street is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office covering Madhuriyamman Koil Street is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.