Guideline Value for Maduraisamy Madam East Street

Maduraisamy Madam East Street guideline value

The current guideline value of Maduraisamy Madam East Street is Rs 3,500 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village, under the Sembiam SRO, and is classified as Residential Special Type - II.

How the guideline value of Maduraisamy Madam East Street has changed

The guideline value for Maduraisamy Madam East Street has seen several revisions over the years. In 2003, the value was Rs 554 per sq.ft, which increased to Rs 900 per sq.ft in 2007. Following this, the value surged to Rs 3,200 per sq.ft in 2012, before dropping to Rs 2,144 per sq.ft in 2017. The most recent revision in 2023 set the value at Rs 3,200 per sq.ft, and it has now risen to Rs 3,500 per sq.ft in 2024, marking a 9% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 532%. The register does not have a figure for the year 2002 for this street.

Guideline values in Sembiam

In Sembiam, there are 250 streets under the Sembiam SRO that carry a 2024 guideline value, ranging from Rs 1,700 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value of Maduraisamy Madam East Street is above this median.

• Maduraisamy Madam 3rd Street: Rs 3,500 per sq.ft (2024)
• Maduraisamy Madam V.O.C. Nagar: Rs 3,500 per sq.ft (2024)
• Maduraisamy Madam 2nd Street: Rs 3,500 per sq.ft (2024)
• Maduraisamy Main Road: Rs 3,500 per sq.ft (2024)
• Maduraisamy Madam 1st Street: Rs 3,500 per sq.ft (2024)
• Maduma Nagar: Rs 3,500 per sq.ft (2024)

Stamp duty and registration fee for property in Maduraisamy Madam East Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,500 per sq.ft, the total guideline value would be Rs 35,00,000. The stamp duty at 7% would amount to Rs 2,45,000, and the registration fee at 2% would be Rs 70,000, bringing the total cost to Rs 3,15,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Maduraisamy Madam East Street?

The Sub Registrar Office that covers Maduraisamy Madam East Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Sembiam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price of the property.

When registering a property, the authorities will calculate the necessary fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected.

Frequently asked questions

What is the current guideline value of Maduraisamy Madam East Street?

The current guideline value of Maduraisamy Madam East Street is Rs 3,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 554 per sq.ft in 2003 to Rs 3,500 per sq.ft in 2024, reflecting an overall increase of 532% over this period.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 35,00,000, the stamp duty would be Rs 2,45,000 and the registration fee would be Rs 70,000, totaling Rs 3,15,000.

Which office handles the registration for Maduraisamy Madam East Street?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, handles the registration for Maduraisamy Madam East Street.

What is the land classification for Maduraisamy Madam East Street?

Maduraisamy Madam East Street is classified as Residential Special Type - II under the land classification regulations.