Guideline Value for MathaKovil Street

MathaKovil Street guideline value

The current guideline value of MathaKovil Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Thirupanthiyoor village under the Sunguvarchattram SRO, classified as Residential Special Type - II.

How the guideline value of MathaKovil Street has changed

The guideline value for MathaKovil Street has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 400 per sq.ft. The 2017 revision recorded a lower value of Rs 268 per sq.ft, marking a decrease of 33% from the previous figure. The register has no figure for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 400 per sq.ft. The current revision in 2024 maintains this value, indicating no change from the previous year. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 400 per sq.ft.

Guideline values in Thirupanthiyoor

In Thirupanthiyoor village, there are 53 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 900 per sq.ft. The median value is Rs 350 per sq.ft, positioning MathaKovil Street above this median.

• Melandai Street: Rs 250 per sq.ft (2024)
• Mettu Street: Rs 250 per sq.ft (2024)
• Madha nagar: Rs 450 per sq.ft (2024)
• Lourdhu Nagar: Rs 350 per sq.ft (2024)
• Lee Royal Farms: Rs 200 per sq.ft (2024)
• Naddu street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in MathaKovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees together to Rs 36,000. 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 MathaKovil Street?

The Sub Registrar Office covering MathaKovil Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Thirupanthiyoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that the transaction is officially recorded. This helps maintain transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value of MathaKovil Street?

The current guideline value of MathaKovil Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since 2012, with a notable increase of 49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

What is the median guideline value in Thirupanthiyoor?

The median guideline value for the 53 streets in Thirupanthiyoor is Rs 350 per sq.ft, with MathaKovil Street's value being above this median.

What fees are associated with buying property in MathaKovil Street?

When purchasing property, buyers need to consider stamp duty at 7% and a registration fee at 2% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for MathaKovil Street located?

The Sub Registrar Office for MathaKovil Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.