Guideline Value for Madura kandigai Gramam

Madura kandigai Gramam guideline value

The current guideline value of Madura kandigai Gramam is Rs 1,300 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri Sub Registrar Office (SRO) and is classified as Residential Special Type - II.

How the guideline value of Madura kandigai Gramam has changed

Over the years, the guideline value of Madura kandigai Gramam has seen several revisions. The 2012 revision set the value at Rs 1,300 per sq.ft, which remained unchanged in the 2023 revision. However, between the 2012 and 2017 revisions, the value dropped to Rs 871 per sq.ft, marking a decrease of 33%. The subsequent revision in 2023 saw a significant increase to Rs 1,300 per sq.ft, representing a 49% rise from the 2017 figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street. Overall, the guideline value has remained the same from 2012 to 2023, with no net change during that period.

Guideline values in Nalambakkam

Currently, there are no specific guideline values provided for other streets in Nalambakkam under the Gooduvancheri SRO. The only available figure is for Madura kandigai Gramam, which is Rs 1,300 per sq.ft as per the latest revision.

Stamp duty and registration fee for property in Madura kandigai Gramam

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000. Together, the total cost for stamp duty and registration fees would be Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Madura kandigai Gramam?

The Sub Registrar Office that covers Madura kandigai Gramam is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Nalambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware that the stamp duty and registration fees are calculated based on this guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers to ensure compliance with legal requirements during property transactions. It helps in accurately assessing the financial obligations associated with buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Madura kandigai Gramam?

The current guideline value of Madura kandigai Gramam is Rs 1,300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,300 per sq.ft in 2012 to Rs 871 per sq.ft in 2017, a decrease of 33%. It then increased back to Rs 1,300 per sq.ft in the 2023 revision, marking a 49% rise from 2017.

What is the stamp duty rate for properties in Madura kandigai Gramam?

The stamp duty rate for properties in Madura kandigai Gramam is 7% of the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How can I calculate the registration fees for my property?

You can calculate the registration fees for your property using the stamp duty and registration fee calculator.