Guideline Value

Corporate

Guideline Value for M.M.T.C. Colony 2nd Cross Street

₹4400/sq.ft.

The guideline value for M.m.t.c. Colony 2nd Cross Street in Thalakanancherry village (Alandur SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thalakanancherry

Village

Alandur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1700 /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)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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.m.t.c. Colony 2nd Cross Street

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M.M.T.C. Colony 2nd Cross Street guideline value

The current guideline value of M.M.T.C. Colony 2nd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Thalakanancherry village under the Alandur SRO, classified as Residential Class I Type - II.

How the guideline value of M.M.T.C. Colony 2nd Cross Street has changed

The guideline value for M.M.T.C. Colony 2nd Cross Street has seen several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 1,700 per sq.ft. This increased to Rs 4,000 per sq.ft in 2012, marking a significant rise of 135%. However, it then decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value rebounded to Rs 4,000 per sq.ft in 2023, and as of the latest revision in 2024, it stands at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 159%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median guideline value is Rs 3,900 per sq.ft, positioning M.M.T.C. Colony 2nd Cross Street above this median.

Stamp duty and registration fee for property in M.M.T.C. Colony 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers M.M.T.C. Colony 2nd Cross Street?

The M.M.T.C. Colony 2nd Cross Street falls under the jurisdiction of the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Thalakanancherry. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the cost of registration. This value is set by the Registration Department and is subject to periodic revisions based on various factors.

Frequently asked questions

What is the current guideline value of M.M.T.C. Colony 2nd Cross Street?

The current guideline value of M.M.T.C. Colony 2nd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, with the most recent revision in 2024 seeing an increase to Rs 4,400 per sq.ft from Rs 4,000 per sq.ft in 2023. Overall, from 2007 to 2024, the value has increased by 159%.

What is the land classification for M.M.T.C. Colony 2nd Cross Street?

M.M.T.C. Colony 2nd Cross Street is classified as Residential Class I Type - II. This classification is important for determining the guideline value and other regulatory aspects of property transactions.

Where can I find the Sub Registrar Office for M.M.T.C. Colony 2nd Cross Street?

The Alandur Sub Registrar Office covers M.M.T.C. Colony 2nd Cross Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Thalakanancherry?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be 7% of this amount, along with a registration fee of 2%.