Guideline Value for North Mada 3rd Cross Street

North Mada 3rd Cross Street guideline value

The current guideline value of North Mada 3rd 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, and is classified as Residential Class I Type - I.

How the guideline value of North Mada 3rd Cross Street has changed

The guideline value for North Mada 3rd Cross Street has undergone several revisions. The oldest available revision is from 2012, which set the value at Rs 2,200 per sq.ft. The most recent revision in 2024 increased this value to Rs 2,400 per sq.ft, reflecting a change of +9% from the 2012 figure. There are no figures available for the years 2002, 2003, 2007, 2017, and 2023 in the register for this street.

In summary, the guideline values have progressed from Rs 2,200 per sq.ft in 2012 to Rs 2,400 per sq.ft in 2024. This change indicates an increase in the guideline value over the years where figures are available.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value range from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, which is equal to the 2024 figure for North Mada 3rd Cross Street.

• North Mada 2nd Cross Street: Rs 2,400 per sq.ft (2024)
• North Mada 4th Cross Street: Rs 2,400 per sq.ft (2024)
• North Mada 1st 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 3rd 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, making the total charges Rs 2,16,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers North Mada 3rd Cross Street?

The Sub Registrar Office that covers North Mada 3rd Cross Street is 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 critical factor in property transactions in Thirumullaivoyal, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these charges are based on a standardized valuation.

During the registration process, the buyer must pay stamp duty based on the higher of the guideline value or the sale price of the property. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of North Mada 3rd Cross Street?

The current guideline value of North Mada 3rd 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 change of +9%. There are no figures available for the years 2003, 2007, 2017, and 2023 for this street.

What is the land classification of North Mada 3rd Cross Street?

North Mada 3rd Cross Street is classified as Residential Class I Type - I, indicating its designation for residential use.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in North Mada 3rd Cross Street is 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% applies.

Where is the Sub Registrar Office for this street located?

The Sub Registrar Office for North Mada 3rd Cross Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.