Guideline Value for Mathammal Koil Street (Pudhu Edapalayam)

Mathammal Koil Street (Pudhu Edapalayam) guideline value

The current guideline value of Mathammal Koil Street (Pudhu Edapalayam) is Rs 220 per sq.ft, effective from 1 July 2024. This street is located in Pazhaya Erumai Vettipalayam village under the Redhills SRO, with a land classification of Residential Class I Type - I.

How the guideline value of Mathammal Koil Street (Pudhu Edapalayam) has changed

In the 2007 revision, the guideline value was Rs 100 per sq.ft. This increased significantly to Rs 200 per sq.ft in the 2012 revision, representing a 100% increase. However, in the 2017 revision, the value decreased to Rs 134 per sq.ft, marking a 33% decline. The 2023 revision saw a rise to Rs 200 per sq.ft, followed by a further increase to Rs 220 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 120%. The 2023 and 2024 revisions reflect a 10% increase, while the period from 2017 to 2023 shows a 49% rise. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Pazhaya Erumai Vettipalayam

Pazhaya Erumai Vettipalayam has 14 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 110 to Rs 220 per sq.ft. The median value for these streets is Rs 220 per sq.ft, placing Mathammal Koil Street at this median value.

• Mathammal Koil Street: Rs 220 per sq.ft (2024)
• Mettu Colony Street (Old Edapalayam): Rs 110 per sq.ft (2024)
• Palla Colony Street (Old Edapalayam): Rs 110 per sq.ft (2024)
• Perumal Koil Street (Mettu Colony): Rs 110 per sq.ft (2024)
• Perumal Koil Street (Old Edapalayam): Rs 220 per sq.ft (2024)
• Perumal Koil Street (Pudhu Edapalayam): Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Mathammal Koil Street (Pudhu Edapalayam)

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, bringing the total fees to Rs 19,800. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Mathammal Koil Street (Pudhu Edapalayam)?

The Sub Registrar Office that covers Mathammal Koil Street (Pudhu Edapalayam) is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Pazhaya Erumai Vettipalayam

The guideline value is a critical factor when registering property transactions in Pazhaya Erumai Vettipalayam. It serves as the basis for calculating stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

When buying or selling property, it is essential to be aware of the current guideline value, as it affects the overall cost of the transaction. This value ensures that all parties are aware of the minimum price at which the property can be sold or registered.

Frequently asked questions

What is the current guideline value of Mathammal Koil Street?

The current guideline value of Mathammal Koil Street (Pudhu Edapalayam) is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 100 per sq.ft in 2007, rising to Rs 200 in 2012, then decreasing to Rs 134 in 2017, and increasing to Rs 200 in 2023, finally reaching Rs 220 in 2024.

What is the land classification for Mathammal Koil Street?

Mathammal Koil Street (Pudhu Edapalayam) is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the registration office for Mathammal Koil Street?

The registration office covering Mathammal Koil Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Mathammal Koil Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 2,20,000, the stamp duty at 7% would be Rs 15,400.