Guideline Value for Maduramettupalayam Main Road ( Ward No.30 )

Maduramettupalayam Main Road ( Ward No.30 ) guideline value

The current guideline value of Maduramettupalayam Main Road ( Ward No.30 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - I.

How the guideline value of Maduramettupalayam Main Road ( Ward No.30 ) has changed

The guideline value for Maduramettupalayam Main Road has seen changes over the years. In 2012, the guideline value was Rs 1,200 per sq.ft. The latest revision in 2024 increased this value to Rs 1,300 per sq.ft, marking an increase of 8% from the 2012 figure.

For the years 2023, 2017, 2007, 2003, and 2002, the register has no figure for this street. Thus, the only available revisions for this street are from 2012 and 2024.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, placing Maduramettupalayam Main Road's 2024 figure below that median.

• Madura Mettupalayam Main St, M.G.R.Nagar ( Ward No.30 ): Rs 1,300 per sq.ft (2024)
• Madura Mettupalayam M.G.R.Nagar 1st St ( Ward No.30 ): Rs 1,300 per sq.ft (2024)
• Madura Mettupalayam M.G.R.Nagar 2nd St ( Ward No.30 ): Rs 1,300 per sq.ft (2024)
• Madura Mettupalayam Reddy St East End ( Ward No.30 ): Rs 1,300 per sq.ft (2024)
• Madura Mettupalayam Reddy St ( Ward No.30 ): Rs 1,300 per sq.ft (2024)
• Madurai Sri Balaji Nagar Part-I: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Maduramettupalayam Main Road ( Ward No.30 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees to Rs 1,17,000. Duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on calculating these fees.

Which Sub Registrar Office covers Maduramettupalayam Main Road ( Ward No.30 )?

The Sub Registrar Office that covers Maduramettupalayam Main Road ( Ward No.30 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for additional details.

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

The guideline value is an essential factor during the registration of property transactions in Madhavaram. It serves as a reference point for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the authorities will assess the guideline value to ensure that appropriate fees are collected. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Maduramettupalayam Main Road ( Ward No.30 )?

The current guideline value of Maduramettupalayam Main Road ( Ward No.30 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024, reflecting an 8% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Maduramettupalayam Main Road?

The land classification for Maduramettupalayam Main Road ( Ward No.30 ) is Residential Class III Type - I.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in Maduramettupalayam?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 1,300 per sq.ft would incur a stamp duty of Rs 91,000.