Guideline Value for OLD POLICE OTHA VAADAI STREET

Old Police Otha Vaadai Street guideline value

The current guideline value of Old Police Otha Vaadai Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Mathuranthagam village, under the Madurandakam SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Old Police Otha Vaadai Street has changed

The guideline value for Old Police Otha Vaadai Street has undergone several revisions over the years. In 2007, the value was Rs 500 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, followed by a decrease to Rs 670 per sq.ft in 2017. The value then rose significantly to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002 and 2003.

Between the revisions, the changes were as follows: from 2007 to 2012, there was a 100% increase; however, from 2012 to 2017, the value dropped by 33%. The value then saw a substantial increase of 49% from 2017 to 2023, and finally, a 10% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Mathuranthagam

In Mathuranthagam, there are 109 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,480 per sq.ft, with the median value being Rs 1,100 per sq.ft. The guideline value for Old Police Otha Vaadai Street matches this median.

• Old Machine Street: Rs 1,110 per sq.ft (2024)
• Nmk Plots: Rs 560 per sq.ft (2024)
• New Police Line: Rs 1,110 per sq.ft (2024)
• Pallipattu Narasimhachari Street: Rs 1,110 per sq.ft (2024)
• Nallan Pillai Nagar: Rs 775 per sq.ft (2024)
• Parthasarathi Naidu Street: Rs 1,110 per sq.ft (2024)

Stamp duty and registration fee for property in Old Police Otha Vaadai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Old Police Otha Vaadai Street?

The Sub Registrar Office covering Old Police Otha Vaadai Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Mathuranthagam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements and to avoid any discrepancies during the registration process. Understanding the guideline value can help in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Old Police Otha Vaadai Street?

The current guideline value of Old Police Otha Vaadai Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting a significant overall increase of 120% since 2007.

What is the land classification of Old Police Otha Vaadai Street?

Old Police Otha Vaadai Street is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for Old Police Otha Vaadai Street?

The Sub Registrar Office for Old Police Otha Vaadai Street is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Mathuranthagam?

Stamp duty in Mathuranthagam is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.