Guideline Value for North Mada 2nd Cross Street

North Mada 2nd Cross Street guideline value

The current guideline value of North Mada 2nd Cross Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO. It falls under the Residential Class I Type - I land classification.

How the guideline value of North Mada 2nd Cross Street has changed

The guideline value for North Mada 2nd Cross Street has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,400 per sq.ft, an increase of 9% from the previous figure of Rs 2,200 per sq.ft established in 2012. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002.

In summary, the guideline value increased from Rs 2,200 per sq.ft in 2012 to Rs 2,400 per sq.ft in 2024. This reflects a notable change in the valuation of properties along this street over the 12-year span.

Guideline values in Thirumullaivoyal

Thirumullaivoyal has a total of 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in the village is Rs 2,400 per sq.ft, which is equal to the current value of North Mada 2nd Cross Street.

• North Mada 1st Cross Street: Rs 2,400 per sq.ft (2024)
• North Mada 3rd Cross Street: Rs 2,400 per sq.ft (2024)
• North Mada 4th Cross Street: Rs 2,400 per sq.ft (2024)
• North Mada Street: Rs 2,400 per sq.ft (2024)
• Old Eswaran Koil Street: Rs 2,400 per sq.ft (2024)
• Newry Sanctum: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in North Mada 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, totaling Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers North Mada 2nd Cross Street?

The North Mada 2nd Cross Street falls under the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to assess the applicable taxes, ensuring that both the buyer and seller are aware of the financial obligations involved. This value helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of North Mada 2nd Cross Street?

The current guideline value of North Mada 2nd Cross Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,200 per sq.ft in 2012 to Rs 2,400 per sq.ft in 2024, reflecting a 9% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002.

What is the land classification for North Mada 2nd Cross Street?

North Mada 2nd Cross Street is classified under Residential Class I Type - I. This classification indicates the type of development permitted in the area.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Thirumullaivoyal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000 at a rate of 7%.