Guideline Value for South Mada Street

South Mada Street guideline value

The current guideline value of South Mada Street is Rs 1,830 per sq.ft, effective from 1 July 2024. This street is located in Mangadu -A village, under the Kunrathur SRO, and is classified as Residential Class I Type - II.

How the guideline value of South Mada Street has changed

The guideline value for South Mada Street has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,107 per sq.ft, which increased to Rs 1,653 per sq.ft in the 2023 revision. The current 2024 revision shows a further increase to Rs 1,830 per sq.ft, marking an overall increase of 65% from 2017 to 2024.

Between the 2023 and 2024 revisions, there was an increase of 11%. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for South Mada Street in the register.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO carrying a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, making the guideline value of South Mada Street below the median.

• South Kamatchi Nagar: Rs 1,830 per sq.ft (2024)
• South Colony Street: Rs 1,830 per sq.ft (2024)
• South Colony 1st, 2nd & 3rd Street: Rs 1,830 per sq.ft (2024)
• South Street: Rs 1,830 per sq.ft (2024)
• Sree Kamatchi Amman Nagar: Rs 3,300 per sq.ft (2024)
• S.K.M. Nagar: Rs 1,830 per sq.ft (2024)

Stamp duty and registration fee for property in South Mada Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,830 per sq.ft, the total guideline value would be Rs 18,30,000. The stamp duty at 7% would amount to Rs 1,28,100, and the registration fee at 2% would be Rs 36,600, making the total cost for these fees Rs 1,64,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers South Mada Street?

The Sub Registrar Office that covers South Mada Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mangadu -A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is documented accurately, reflecting the legal value of the property being transferred.

Frequently asked questions

What is the current guideline value of South Mada Street?

The current guideline value of South Mada Street is Rs 1,830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,107 per sq.ft in 2017 to Rs 1,830 per sq.ft in 2024, marking a total increase of 65% over this period.

What is the median guideline value in Mangadu -A?

The median guideline value for streets in Mangadu -A is Rs 1,870 per sq.ft, which is higher than the current value of South Mada Street.

What are the stamp duty and registration fees for property in South Mada Street?

For a property valued at Rs 18,30,000, the stamp duty would be Rs 1,28,100 and the registration fee would be Rs 36,600, totaling Rs 1,64,700.

Where can I find the Sub Registrar Office for South Mada Street?

The Kunrathur Sub Registrar Office covers South Mada Street and is located at No.59, Road Street, Kundrathur, Chennai -600 069.