Guideline Value for PALAIYAR MADAM MANDABA STREET

Palaiyar Madam Mandaba Street guideline value

The current guideline value of Palaiyar Madam Mandaba Street is Rs 350 per sq.ft, effective from 1 July 2024. This street is located in the village of Cheyyur, under the Cheyyur SRO, and is classified as Residential Special Type - III.

How the guideline value of Palaiyar Madam Mandaba Street has changed

In the 2017 revision, the guideline value was set at Rs 234 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 350 per sq.ft. The most recent 2024 revision has maintained this value at Rs 350 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 50%. Overall, from 2017 to 2024, the increase is also 50%, as the value has remained constant between 2023 and 2024.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 101 per sq.ft, placing Palaiyar Madam Mandaba Street's 2024 figure above this median.

• Palaiyarmadam Road: Rs 350 per sq.ft (2024)
• Palaiyur Madam C.R.Kalathumedu Street: Rs 350 per sq.ft (2024)
• Palaiyur Madam Cross Street: Rs 350 per sq.ft (2024)
• Palayar Perumal Kovil Street: Rs 350 per sq.ft (2024)
• Patchiyamman Kovil Street: Rs 101 per sq.ft (2024)
• Niyayavelaikadai Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Palaiyar Madam Mandaba Street

For a 1,000 sq.ft plot at the current rate of Rs 350 per sq.ft, the guideline value would be Rs 3,50,000. The stamp duty at 7% would amount to Rs 24,500, and the registration fee at 2% would be Rs 7,000, totaling Rs 31,500. It's 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 Palaiyar Madam Mandaba Street?

The Sub Registrar Office that covers Palaiyar Madam Mandaba Street is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value plays a crucial role during the registration of property transactions in Cheyyur - A. It serves as a benchmark for calculating the stamp duty and registration fees applicable to the property being bought or sold.

When you register a property, the guideline value is used to determine the applicable charges. Buyers and sellers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring that the correct fees are paid during the transaction.

Frequently asked questions

What is the current guideline value of Palaiyar Madam Mandaba Street?

The current guideline value of Palaiyar Madam Mandaba Street is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen an increase of 50% from Rs 234 per sq.ft in 2017 to Rs 350 per sq.ft in 2024. There was no change in the value from 2023 to 2024.

What is the land classification for Palaiyar Madam Mandaba Street?

Palaiyar Madam Mandaba Street is classified as Residential Special Type - III, indicating its intended use for residential purposes.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Palaiyar Madam Mandaba Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Cheyyur Sub Registrar Office located?

The Cheyyur Sub Registrar Office is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.