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Guideline Value

Corporate

Guideline Value for AJIS NAGAR/ ASSISI NAGAR

₹1100/sq.ft.

The guideline value for Ajis Nagar/ Assisi Nagar in Matthur village (Thiruvottiyur SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Matthur

Village

Thiruvottiyur

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ajis Nagar/ Assisi Nagar

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Ajis Nagar/ Assisi Nagar guideline value

The current guideline value of Ajis Nagar/ Assisi Nagar in Matthur village is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under the Thiruvottiyur SRO and is classified as Residential Special Type - III.

How the guideline value of Ajis Nagar/ Assisi Nagar has changed

The guideline value for Ajis Nagar/ Assisi Nagar has undergone several revisions over the years. The earliest recorded value is from 2007, which was Rs 100 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a rise of 900%. However, the value decreased to Rs 670 per sq.ft in 2017, a decline of 33%. Following this, the value rose to Rs 1,000 per sq.ft in 2023, and then to Rs 1,100 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, there has been a remarkable increase of 1000%. The register has no figures for the years 2002 and 2003 for this street.

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 of Rs 1,100 per sq.ft. The guideline value for Ajis Nagar/ Assisi Nagar is equal to this median.

Stamp duty and registration fee for property in Ajis Nagar/ Assisi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ajis Nagar/ Assisi Nagar?

The Sub Registrar Office that covers Ajis Nagar/ Assisi Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is essential during property transactions in Matthur as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it impacts the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value serves as a reference point for the registration office. If the sale price is lower than the guideline value, the duty will be charged based on the guideline value, ensuring that the transaction is recorded at a fair value according to government standards.

Frequently asked questions

What is the current guideline value of Ajis Nagar/ Assisi Nagar?

The current guideline value of Ajis Nagar/ Assisi Nagar 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 increased from Rs 100 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking a total increase of 1000% over the years.

What is the land classification for Ajis Nagar/ Assisi Nagar?

Ajis Nagar/ Assisi Nagar is classified as Residential Special Type - III under the Thiruvottiyur SRO.

Where can I find the Sub Registrar Office for Ajis Nagar/ Assisi Nagar?

The Sub Registrar Office for Ajis Nagar/ Assisi Nagar is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.