Guideline Value for 200 Inner Ring Road

200 Inner Ring Road guideline value

The current guideline value of 200 Inner Ring Road is Rs 1,650 per sq.ft, effective from 1 July 2024. This property is located in Matthur village, under the Thiruvottiyur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of 200 Inner Ring Road has changed

The guideline value for 200 Inner Ring Road has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,500 per sq.ft. This figure was then revised to Rs 1,005 per sq.ft in 2017, which marked a decrease of 33%. However, the value increased significantly to Rs 1,500 per sq.ft in 2023, followed by a further increase to Rs 1,650 per sq.ft in the 2024 revision, reflecting a 10% rise from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Matthur

In Matthur, there are 66 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of 200 Inner Ring Road is above this median.

• Vijay Ganapathy Nagar: Rs 1,100 per sq.ft (2024)
• T N H B Commercial Plots: Rs 3,300 per sq.ft (2024)
• Thiru.VI.Ka Nagar: Rs 1,100 per sq.ft (2024)
• Thirumurugan Nagar Phase I: Rs 1,100 per sq.ft (2024)
• Thirumurugan Nagar: Rs 1,100 per sq.ft (2024)
• Thangavelu Mudaliyar Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in 200 Inner Ring Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total cost for these fees Rs 1,48,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers 200 Inner Ring Road?

The Sub Registrar Office that covers 200 Inner Ring Road is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Matthur, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. Ensuring that the property is valued correctly according to the guideline value helps in a smooth registration process.

Frequently asked questions

What is the current guideline value of 200 Inner Ring Road?

The current guideline value of 200 Inner Ring Road is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for 200 Inner Ring Road?

The land classification for 200 Inner Ring Road is Commercial Class I Type - I.

Where can I find the Sub Registrar Office for this property?

The Sub Registrar Office for 200 Inner Ring Road is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in Matthur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 at a rate of 7%.