Guideline Value

Corporate

Guideline Value for M.T.C. NAGAR PHASE-VI

₹200/sq.ft.

The guideline value for M.t.c. Nagar Phase-vi in Vadamadurai-1 village (Arani_tiruvallur SRO, Chennai zone) is Rs 200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vadamadurai-1

Village

Arani_Tiruvallur

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹200 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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)

No.10, S.p Kovil Street, Arani,ponneri(tk),thiruvallur(dt) - 601 101
044-27927859
[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 M.t.c. Nagar Phase-vi

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M.T.C. Nagar Phase-VI guideline value

The current guideline value of M.T.C. Nagar Phase-VI is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Vadamadurai-1 village under the Arani_Tiruvallur SRO and is classified as Residential Class II Type - II.

How the guideline value of M.T.C. Nagar Phase-VI has changed

The guideline value for M.T.C. Nagar Phase-VI has undergone several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 200 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 134 per sq.ft. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2017 to 2024, it has also increased by 49%. The consistency in the guideline value from 2023 to 2024 indicates stability in this area during that period.

Guideline values in Vadamadurai-1

In Vadamadurai-1, there are 9 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value, ranging from Rs 175 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, which is equal to the guideline value of M.T.C. Nagar Phase-VI.

Stamp duty and registration fee for property in M.T.C. Nagar Phase-VI

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the 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.T.C. Nagar Phase-VI?

The Sub Registrar Office that covers M.T.C. Nagar Phase-VI is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Vadamadurai-1

The guideline value plays a crucial role in the registration process when buying or selling property in Vadamadurai-1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When a property is sold, the buyer and seller must consider the guideline value in addition to the sale price. The higher of the two values will be used to calculate the stamp duty and registration fees, ensuring that all transactions are transparent and in accordance with government regulations.

Frequently asked questions

What is the current guideline value of M.T.C. Nagar Phase-VI?

The current guideline value of M.T.C. Nagar Phase-VI is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2023 to 2024, and it increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, marking a 49% increase overall from 2017 to 2024.

What are the other streets in Vadamadurai-1 with their guideline values?

Other streets in Vadamadurai-1 include New Star City at Rs 350 per sq.ft, E.K.K. Nagar Phase-I at Rs 175 per sq.ft, and several others at Rs 200 per sq.ft.

How is the stamp duty calculated for property in M.T.C. Nagar Phase-VI?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 200 per sq.ft, the stamp duty would be Rs 14,000.

Where can I find the Sub Registrar Office for M.T.C. Nagar Phase-VI?

The Sub Registrar Office for M.T.C. Nagar Phase-VI is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.