Guideline Value for Mahadeva Ayyar Street Block 43,44,35,45

Mahadeva Ayyar Street Block 43,44,35,45 guideline value

The current guideline value of Mahadeva Ayyar Street Block 43,44,35,45 is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Mixed Type - II.

How the guideline value of Mahadeva Ayyar Street Block 43,44,35,45 has changed

The guideline value for Mahadeva Ayyar Street has seen several revisions over the years. The 2007 revision set the value at Rs 3,240 per sq.ft. This increased significantly to Rs 7,000 per sq.ft in 2012, marking a 116% rise. However, in 2017, the value dropped to Rs 4,690 per sq.ft, reflecting a decrease of 33%. The 2023 revision brought the value back up to Rs 7,000 per sq.ft, and the most recent 2024 revision has further increased it to Rs 7,700 per sq.ft, a 10% rise from the previous year.

In summary, from the 2017 revision to the current 2024 figure, there has been an overall increase of 138% since 2007. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, making the current value of Mahadeva Ayyar Street above the median.

• Mahadeva Mudaliyar Street Block 85: Rs 7,700 per sq.ft (2024)
• Lord Mount Pattern Street: Rs 3,300 per sq.ft (2024)
• Malligaipoo Nagar: Rs 4,900 per sq.ft (2024)
• LIC Oozliyar, Kudiyiruppu: Rs 7,000 per sq.ft (2024)
• LIC Colony: Rs 7,000 per sq.ft (2024)
• Mangai Nagar: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Mahadeva Ayyar Street Block 43,44,35,45

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, totaling Rs 6,93,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Mahadeva Ayyar Street Block 43,44,35,45?

The Sub Registrar Office that covers Mahadeva Ayyar Street Block 43,44,35,45 is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process of property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of a property.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Mahadeva Ayyar Street?

The current guideline value for Mahadeva Ayyar Street Block 43,44,35,45 is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,240 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 138% over the years.

What is the median guideline value for streets in Kodambakkam?

The median guideline value for streets in Kodambakkam is Rs 4,900 per sq.ft, with Mahadeva Ayyar Street's current value being above this median.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 5,39,000, and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

Where is the Sub Registrar Office located for this street?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, which covers Mahadeva Ayyar Street Block 43,44,35,45.