Guideline Value for Thenndaimada veethi 169/1,2

Thenndaimada veethi 169/1,2 guideline value

The current guideline value for Thenndaimada veethi 169/1,2 is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Madavilagam village, under the Poonamallee SRO, and is classified as Residential Class I Type - I.

How the guideline value of Thenndaimada veethi 169/1,2 has changed

The guideline value for Thenndaimada veethi has seen several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it dropped to Rs 670 per sq.ft in 2017. The 2023 revision set the value at Rs 1,000 per sq.ft, and the latest revision in 2024 raised it to Rs 1,100 per sq.ft. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the value increased by 49%, and then from 2023 to 2024, it rose by 10%. The overall increase from 2007 to 2024 is 340%, showcasing a significant rise in the guideline value over the years.

Guideline values in Madavilagam

In Madavilagam, there are 37 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is equal to the guideline value for Thenndaimada veethi 169/1,2.

• Thirumazhisai Garden: Rs 2,200 per sq.ft (2024)
• Veeterirundha perumal: Rs 660 per sq.ft (2024)
• Vetri Garden Annex: Rs 1,100 per sq.ft (2024)
• Shanmugapuram sandhu 169/1,2: Rs 1,100 per sq.ft (2024)
• Shanmugapuram 3street 155/3: Rs 1,100 per sq.ft (2024)
• Shanmugapuram 2street 155/3: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thenndaimada veethi 169/1,2

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 is calculated at 7%, which equals Rs 77,000, and the registration fee is 2%, amounting to Rs 22,000. Together, the total cost for stamp duty and registration fee would be Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thenndaimada veethi 169/1,2?

The Sub Registrar Office that covers Thenndaimada veethi 169/1,2 is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Madavilagam

The guideline value is a crucial factor in the registration process when buying or selling property in Madavilagam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to determine the applicable duties. This ensures that all transactions are fairly assessed according to the established values in the area.

Frequently asked questions

What is the current guideline value for Thenndaimada veethi 169/1,2?

The current guideline value for Thenndaimada veethi 169/1,2 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 significantly from Rs 250 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 340% over these years.

What is the median guideline value in Madavilagam?

The median guideline value for streets in Madavilagam is Rs 1,100 per sq.ft, which is the same as the guideline value for Thenndaimada veethi 169/1,2.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 11,00,000, the total fees would be Rs 99,000.

Where is the Sub Registrar Office located for this property?

The Poonamallee Sub Registrar Office is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056, which covers Thenndaimada veethi 169/1,2.