Guideline Value for PERIYA COLONY MADHA KOIL STREET

Periya Colony Madha Koil Street guideline value

The current guideline value of Periya Colony Madha Koil Street is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Mathuranthagam village under the Madurandakam SRO, classified as Residential Special Type - III.

How the guideline value of Periya Colony Madha Koil Street has changed

Over the years, the guideline value for Periya Colony Madha Koil Street has seen significant changes. In the 2007 revision, the value was Rs 80 per sq.ft, which increased to Rs 600 per sq.ft in 2012, marking a substantial rise of 650%. However, from 2012 to 2017, the value decreased by 33% to Rs 402 per sq.ft. The 2023 revision saw a notable increase to Rs 600 per sq.ft, followed by a further increase of 10% to the current value of Rs 660 per sq.ft in 2024.

In summary, the guideline value has increased from Rs 80 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, reflecting an overall increase of 725%. There are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Mathuranthagam

In Mathuranthagam, there are 109 streets under the Madurandakam SRO that have a 2024 guideline value ranging from Rs 440 to Rs 1,480 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Periya Colony Madha Koil Street is below this median.

• Periya Colony Mariamman Koil Street: Rs 660 per sq.ft (2024)
• Periya Colony North Street: Rs 660 per sq.ft (2024)
• PERUMAL KOIL STREET (a) SANNADHI STREET: Rs 1,100 per sq.ft (2024)
• Parthasarathi Naidu Street: Rs 1,110 per sq.ft (2024)
• Pallipattu Narasimhachari Street: Rs 1,110 per sq.ft (2024)
• Priority Garden: Rs 1,110 per sq.ft (2024)

Stamp duty and registration fee for property in Periya Colony Madha Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value is Rs 6,60,000. The stamp duty at 7% amounts to Rs 46,200, and the registration fee at 2% is Rs 13,200, totaling Rs 59,400. It is important to note that the 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 details.

Which Sub Registrar Office covers Periya Colony Madha Koil Street?

The Sub Registrar Office that covers Periya Colony Madha Koil 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 is a crucial factor in property transactions in Mathuranthagam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Periya Colony Madha Koil Street?

The current guideline value of Periya Colony Madha Koil Street is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 80 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, with various revisions impacting the value over the years.

What is the land classification for Periya Colony Madha Koil Street?

Periya Colony Madha Koil Street is classified as Residential Special Type - III.

Where is the Madurandakam Sub Registrar Office located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 6,60,000 incurs a stamp duty of Rs 46,200 at 7%.