Guideline Value

Corporate

Guideline Value for C.K. Mathavan Nagar

₹1002/sq.ft.

The guideline value for C.k. Mathavan Nagar in Chettimedu village (Redhills SRO, Chennai zone) is Rs 1002 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 151% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chettimedu

Village

Redhills

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1002 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹31 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 C.k. Mathavan Nagar

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C.K. Mathavan Nagar guideline value

The current guideline value of C.K. Mathavan Nagar, located in Chettimedu village under the Redhills SRO, is Rs 1,002 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of C.K. Mathavan Nagar has changed

The guideline value for C.K. Mathavan Nagar has undergone several revisions over the years. Starting from Rs 31 per sq.ft in 2003, it increased significantly to Rs 300 per sq.ft in 2007. The value then rose to Rs 400 per sq.ft in 2012, but saw a decline to Rs 268 per sq.ft in 2017. Following that, the value increased to Rs 400 per sq.ft in 2023, and has now surged to Rs 1,002 per sq.ft in the 2024 revision, marking a substantial increase of 151% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 3132%. The register does not contain figures for the year 2002 for this street.

Guideline values in Chettimedu

In Chettimedu, there are 26 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,008 per sq.ft. The median value is Rs 1,002 per sq.ft, which is equal to the current guideline value of C.K. Mathavan Nagar.

Stamp duty and registration fee for property in C.K. Mathavan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,002 per sq.ft, the total guideline value would be Rs 10,02,000. The stamp duty at 7% would amount to Rs 70,140, while the registration fee at 2% would be Rs 20,040. Together, the total cost would be Rs 90,180. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers C.K. Mathavan Nagar?

The Sub Registrar Office that covers C.K. Mathavan Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Chettimedu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

Frequently asked questions

What is the current guideline value of C.K. Mathavan Nagar?

The current guideline value of C.K. Mathavan Nagar is Rs 1,002 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 31 per sq.ft in 2003 to Rs 1,002 per sq.ft in 2024, reflecting an overall increase of 3132% over this period.

What is the stamp duty for properties in C.K. Mathavan Nagar?

The stamp duty for properties in C.K. Mathavan Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for C.K. Mathavan Nagar?

The Sub Registrar Office for C.K. Mathavan Nagar is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What should I consider when buying property in Chettimedu?

When buying property in Chettimedu, it is essential to consider the guideline value as it affects the stamp duty and registration fees. Ensure that you are aware of the current rates and any changes that may impact your transaction.