Guideline Value for Mahadeva Mudali 1st Street

Mahadeva Mudali 1st Street guideline value

The current guideline value of Mahadeva Mudali 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Mahadeva Mudali 1st Street has changed

According to the guideline value register, there are no figures available for Mahadeva Mudali 1st Street for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 2,500 per sq.ft, and the most recent 2024 revision increased it to Rs 2,700 per sq.ft, marking an increase of 8%.

The 2024 guideline value of Rs 2,700 per sq.ft aligns with the median value for 1318 streets in Kodungaiyur, which ranges from Rs 1,900 to Rs 4,000 per sq.ft. This indicates that Mahadeva Mudali 1st Street's value is consistent with the overall market in the area.

Guideline values in Kodungaiyur

In Kodungaiyur, the guideline values for various streets under the Madhavaram SRO vary, with the 2024 figures ranging from Rs 1,900 to Rs 4,000 per sq.ft. Mahadeva Mudali 1st Street's 2024 guideline value of Rs 2,700 per sq.ft is equal to the median for the area.

• Mahadeva Mudali 2nd Street: Rs 2,700 per sq.ft (2024)
• Mahadeva Mudali 3rd Street: Rs 2,700 per sq.ft (2024)
• Mahadeva Mudali 4th Street: Rs 2,700 per sq.ft (2024)
• Loganathan Street (Krishnamoorthy Nagar): Rs 2,700 per sq.ft (2024)
• Loganathan Street (G.M. Nagar): Rs 2,200 per sq.ft (2024)
• Loganathan Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Mahadeva Mudali 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mahadeva Mudali 1st Street?

The Sub Registrar Office covering Mahadeva Mudali 1st Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kodungaiyur. It serves as a benchmark to calculate the stamp duty and registration fees, ensuring that these charges are based on the official valuation of the property.

When buying or selling property, the guideline value helps in determining the minimum sale price for registration purposes. This ensures transparency and accountability in real estate transactions within the region.

Frequently asked questions

What is the current guideline value of Mahadeva Mudali 1st Street?

The current guideline value of Mahadeva Mudali 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

The guideline value increased from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, which is an increase of 8%.

What is the land classification for Mahadeva Mudali 1st Street?

Mahadeva Mudali 1st Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Mahadeva Mudali 1st Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000.