Guideline Value for PERUMAL KOIL STREET (a) SANNADHI STREET

PERUMAL KOIL STREET (a) SANNADHI STREET guideline value

The current guideline value for PERUMAL KOIL STREET (a) SANNADHI 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 PERUMAL KOIL STREET (a) SANNADHI STREET has changed

The guideline value for PERUMAL KOIL STREET (a) SANNADHI STREET has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a 100% increase. However, from 2012 to 2017, the value decreased to Rs 670 per sq.ft, a decline of 33%. The value then rose significantly to Rs 1,000 per sq.ft in 2023, representing a 49% increase. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. 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 guideline value for 2024, ranging from Rs 440 to Rs 1,480 per sq.ft. The median value is Rs 1,100 per sq.ft, which matches the current guideline value for PERUMAL KOIL STREET (a) SANNADHI STREET.

• Periya Colony North Street: Rs 660 per sq.ft (2024)
• Periya Colony Mariamman Koil Street: Rs 660 per sq.ft (2024)
• Periya Colony Madha Koil Street: Rs 660 per sq.ft (2024)
• Parthasarathi Naidu Street: Rs 1,110 per sq.ft (2024)
• Priority Garden: Rs 1,110 per sq.ft (2024)
• Pallipattu Narasimhachari Street: Rs 1,110 per sq.ft (2024)

Stamp duty and registration fee for property in PERUMAL KOIL STREET (a) SANNADHI STREET

For a property measuring 1,000 sq.ft at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, resulting in a total of Rs 99,000. Please note that 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 PERUMAL KOIL STREET (a) SANNADHI STREET?

The Sub Registrar Office that covers PERUMAL KOIL STREET (a) SANNADHI 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 critical factor during property registration in Mathuranthagam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property in the eyes of the law. It is essential to consider this value when negotiating prices to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for PERUMAL KOIL STREET (a) SANNADHI STREET?

The current guideline value for PERUMAL KOIL STREET (a) SANNADHI STREET is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed 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 an overall increase of 120% over the years.

What is the land classification for PERUMAL KOIL STREET (a) SANNADHI STREET?

PERUMAL KOIL STREET (a) SANNADHI STREET is classified as Commercial Class I Type - I.

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 do I calculate the stamp duty and registration fee?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee Rs 22,000, totaling Rs 99,000.