Guideline Value for Mahadeva Mudali 4th Street

Mahadeva Mudali 4th Street guideline value

The current guideline value of Mahadeva Mudali 4th 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 4th Street has changed

The guideline value for Mahadeva Mudali 4th Street has seen a revision in 2024, where it increased to Rs 2,700 per sq.ft from Rs 2,500 per sq.ft in 2023, marking an increase of 8%. Prior to 2023, the register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In 2023, the guideline value was Rs 2,500 per sq.ft. The revisions from previous years do not provide any figures for Mahadeva Mudali 4th Street, indicating that the street's guideline value has only been recorded from 2023 onwards.

Guideline values in Kodungaiyur

Kodungaiyur village has a total of 1,318 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which matches the current value for Mahadeva Mudali 4th Street.

• Mahadeva Mudali 3rd Street: Rs 2,700 per sq.ft (2024)
• Mahadeva Mudali 2nd Street: Rs 2,700 per sq.ft (2024)
• Mahadeva Mudali 1st 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 4th 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, bringing the total to Rs 2,43,000. 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 precise calculations.

Which Sub Registrar Office covers Mahadeva Mudali 4th Street?

The Sub Registrar Office that covers Mahadeva Mudali 4th 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 is an essential factor during property registration in Kodungaiyur. It serves as a reference point for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the authorities.

Frequently asked questions

What is the current guideline value of Mahadeva Mudali 4th Street?

The current guideline value of Mahadeva Mudali 4th Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much 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 4th Street?

Mahadeva Mudali 4th Street is classified as Residential Class I Type - I.

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

The Madhavaram Sub Registrar Office covers Mahadeva Mudali 4th Street and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in this area?

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