Guideline Value for M.C.RAJA STREET

M.C.Raja Street guideline value

The current guideline value of M.C.Raja Street in Vallur village, under the Thiruvottiyur SRO, is Rs 220 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Class II Type - I.

How the guideline value of M.C.Raja Street has changed

The guideline value for M.C.Raja Street has seen several revisions over the years. The oldest recorded figure is from the 2017 revision, which was Rs 134 per sq.ft. This increased to Rs 200 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 220 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vallur

The guideline values for the 75 streets in Vallur under the Thiruvottiyur SRO range from Rs 220 to Rs 551 per sq.ft, with the median value being Rs 220 per sq.ft. M.C.Raja Street's 2024 figure is equal to this median.

• Maruthi Puram: Rs 220 per sq.ft (2024)
• Maruthi Nagar: Rs 330 per sq.ft (2024)
• Min Nagar: Rs 220 per sq.ft (2024)
• Maheswari Nagar: Rs 550 per sq.ft (2024)
• Mahaveer Nagar: Rs 550 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in M.C.Raja Street

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, making the total fees together Rs 19,800. 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 more details.

Which Sub Registrar Office covers M.C.Raja Street?

The Sub Registrar Office covering M.C.Raja Street 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 Vallur

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

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. This ensures that all parties are informed about the financial obligations associated with property registration.

Frequently asked questions

What is the current guideline value of M.C.Raja Street?

The current guideline value of M.C.Raja Street is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 134 per sq.ft in 2017 to Rs 220 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the registration fees for property transactions in M.C.Raja Street?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers M.C.Raja Street?

The Thiruvottiyur Sub Registrar Office covers M.C.Raja Street, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the median guideline value for streets in Vallur?

The median guideline value for streets in Vallur is Rs 220 per sq.ft, which is the same as the current guideline value for M.C.Raja Street.