Guideline Value for Vasudeva Mudali Thottam ( Ward No.21 )

Vasudeva Mudali Thottam ( Ward No.21 ) guideline value

The current guideline value of Vasudeva Mudali Thottam ( Ward No.21 ) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Vasudeva Mudali Thottam ( Ward No.21 ) has changed

In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. This figure decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. However, the most recent revision in 2024 saw a significant increase, bringing the guideline value back up to Rs 1,600 per sq.ft, which represents a 59% increase from the 2017 figure.

Overall, from 2012 to 2024, the guideline value for Vasudeva Mudali Thottam has seen a slight increase of 7%. It is important to note that there are no figures available in the register for the years 2023, 2007, 2003, and 2002 for this street.

Guideline values in Madhavaram

As of the 2024 revision, there are 1,946 streets in Madhavaram under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, which is equal to the current value of Vasudeva Mudali Thottam.

• Vasudeva Mudali Thottam Cross st ( Ward No.21 ): Rs 1,600 per sq.ft (2024)
• Vasudevan Mudali Street (Ponniamman Medu): Rs 1,600 per sq.ft (2024)
• Vasudevan Thottam 1st Cross Street (Ward 21): Rs 1,600 per sq.ft (2024)
• Vasudevan Thottam 2nd Cross Street (Ward 21): Rs 1,600 per sq.ft (2024)
• Vasudevan Thottam 2nd Street (Ward-21): Rs 1,600 per sq.ft (2024)
• Vasudevan Thottam 3rd Cross Street (Ward 21): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Vasudeva Mudali Thottam ( Ward No.21 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees together to Rs 1,44,000. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Vasudeva Mudali Thottam ( Ward No.21 )?

The Madhavaram Sub Registrar Office covers Vasudeva Mudali Thottam ( Ward No.21 ). The office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Madhavaram. 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 based on this value.

When buying or selling property, the guideline value will influence the overall costs involved, including taxes and fees. Buyers should be aware of the guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Vasudeva Mudali Thottam ( Ward No.21 )?

The current guideline value of Vasudeva Mudali Thottam ( Ward No.21 ) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 1,500 per sq.ft in 2012, dropped to Rs 1,005 per sq.ft in 2017, and increased to Rs 1,600 per sq.ft in 2024.

What is the land classification for Vasudeva Mudali Thottam?

Vasudeva Mudali Thottam falls under the Residential Class II Type - I land classification.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for property in Vasudeva Mudali Thottam?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 1,12,000 based on the current guideline value.