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Guideline Value

Corporate

Guideline Value for M G R HIGH ROAD / M G R CROSS STREET

₹1100/sq.ft.

The guideline value for M G R High Road / M G R Cross Street 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 ₹72 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹61 /sq.ft.
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 M G R High Road / M G R Cross Street

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M G R High Road / M G R Cross Street guideline value

The current guideline value for M G R High Road / M G R Cross Street 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 M G R High Road / M G R Cross Street has changed

The guideline value for M G R High Road / M G R Cross Street has undergone several revisions over the years. In 2002, the guideline value was Rs 61 per sq.ft, which increased to Rs 72 per sq.ft in 2003. Following this, the value rose significantly to Rs 100 per sq.ft in 2007. The next revision in 2012 saw a decrease to Rs 1,000 per sq.ft. However, by 2017, the value had increased to Rs 670 per sq.ft. The most recent revisions show a rise to Rs 1,000 per sq.ft in 2023 and further to Rs 1,100 per sq.ft in 2024.

In terms of percentage changes, from 2002 to 2003, the increase was +18%. The jump from 2003 to 2007 was +39%, followed by a remarkable +900% increase from 2007 to 2012. The value then decreased by -33% from 2012 to 2017. From 2017 to 2023, the increase was +49%, and the latest change from 2023 to 2024 is +10%. Overall, from 2002 to 2024, there has been a significant increase of +1703%.

Guideline values in Matthur

In Matthur village, 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. The median value is Rs 1,100 per sq.ft, which is the same as the guideline value for M G R High Road / M G R Cross Street.

Stamp duty and registration fee for property in M G R High Road / M G R Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total 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, bringing the total charges to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers M G R High Road / M G R Cross Street?

The M G R High Road / M G R Cross Street is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property in Matthur. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, which are mandatory charges during the registration process. This ensures that both parties are aware of the costs involved in the transaction.

Frequently asked questions

What is the current guideline value for M G R High Road / M G R Cross Street?

The current guideline value for M G R High Road / M G R Cross Street 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 multiple times, starting from Rs 61 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of +1703% over the years.

What is the land classification for M G R High Road / M G R Cross Street?

The land classification for M G R High Road / M G R Cross Street is Residential Special Type - III.

Where can I find the Thiruvottiyur Sub Registrar Office?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft property at Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000.