Guideline Value for SUBHADRA FARM LAND & RESIDENCY

Subhadra Farm Land & Residency guideline value

The current guideline value of Subhadra Farm Land & Residency in Mathuranthagam village, under the Madurandakam SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This property falls under the Commercial Class I Type - I land classification.

How the guideline value of Subhadra Farm Land & Residency has changed

Over the years, the guideline value of Subhadra Farm Land & Residency has seen several revisions. The 2012 revision set the guideline value at Rs 1,000 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft. In 2023, the value increased to Rs 1,000 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. However, the 2012 to 2017 period saw a decline of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mathuranthagam

In Mathuranthagam, there are 109 streets under the Madurandakam SRO with a 2024 guideline value ranging from Rs 440 to Rs 1,480 per sq.ft. The median value is Rs 1,100 per sq.ft, which is the same as the guideline value for Subhadra Farm Land & Residency.

• Sunambedu Road, Mariamman Koil Street: Rs 1,100 per sq.ft (2024)
• Sundararam Nagar: Rs 1,110 per sq.ft (2024)
• Tambiran Nagar: Rs 1,110 per sq.ft (2024)
• Sri Saibaba Nagar Extn: Rs 1,105 per sq.ft (2024)
• Sri Ranga Nagar: Rs 555 per sq.ft (2024)
• THENRAYAN STREET (a) BHARATHIYAR STREET: Rs 1,110 per sq.ft (2024)

Stamp duty and registration fee for property in Subhadra Farm Land & Residency

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, totaling Rs 99,000. Please 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 Subhadra Farm Land & Residency?

The Madurandakam Sub Registrar Office covers Subhadra Farm Land & Residency. The office is 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 when buying or selling property in Mathuranthagam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, 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 the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Subhadra Farm Land & Residency?

The current guideline value of Subhadra Farm Land & Residency 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 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Subhadra Farm Land & Residency?

Subhadra Farm Land & Residency is classified as Commercial Class I Type - I land.

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

The stamp duty rate for properties in this area is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Madurandakam Sub Registrar Office?

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