Guideline Value for M.T.H Road

M.T.H Road guideline value

The current guideline value of M.T.H Road is Rs 6,500 per sq.ft, effective from 1 July 2024. This road is located in Ambattur village under the Ambattur SRO, classified as Commercial Class I Type - I.

How the guideline value of M.T.H Road has changed

The guideline value for M.T.H Road has seen several revisions over the years. The 2012 revision set the value at Rs 6,500 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 6,500 per sq.ft. The 2017 revision marked a significant increase, with the value rising to Rs 4,355 per sq.ft, representing a 49% increase from the previous revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, the overall change from 2012 to 2024 shows no increase, as the guideline value remains at Rs 6,500 per sq.ft since 2012.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median value is Rs 3,600 per sq.ft, placing M.T.H Road's 2024 figure above this median.

• M.T.H.Road(Segment)(Police Station to Indl. Estate): Rs 6,500 per sq.ft (2024)
• Mugunthan Street: Rs 3,600 per sq.ft (2024)
• Mounasamy madam Street: Rs 5,100 per sq.ft (2024)
• Murugappa iyer St.: Rs 3,000 per sq.ft (2024)
• Murugappa reddy 1st Street: Rs 3,000 per sq.ft (2024)
• Moogambigai complex: Rs 2,600 per sq.ft (2024)

Stamp duty and registration fee for property in M.T.H Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,500 per sq.ft, the total guideline value amounts to Rs 65,00,000. The stamp duty at 7% would be Rs 4,55,000, and the registration fee at 2% would be Rs 1,30,000, bringing the total fees to Rs 5,85,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers M.T.H Road?

The M.T.H Road is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer or seller engages in a transaction, the guideline value is used to calculate the applicable duties, ensuring that the registration process adheres to the established standards set by the Registration Department.

Frequently asked questions

What is the current guideline value of M.T.H Road?

The current guideline value of M.T.H Road is Rs 6,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revisions in 2023 and 2024 both at Rs 6,500 per sq.ft. The value increased from Rs 4,355 per sq.ft in 2017, marking a 49% rise from the previous revision.

What is the land classification for M.T.H Road?

M.T.H Road is classified as Commercial Class I Type - I under the guideline value register.

Where can I find the registration office for M.T.H Road?

The registration office for M.T.H Road is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How is the stamp duty calculated for properties on M.T.H Road?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 65,00,000 incurs a stamp duty of Rs 4,55,000 at 7%.