Guideline Value

Corporate

Guideline Value for M.T.H. ROAD (COMMERCIAL)

₹1590/sq.ft.

The guideline value for M.t.h. Road (commercial) in Vilingiyambakkam village (Avadi SRO, Chennai zone) is Rs 1590 per sq.ft, effective 1 July 2024. It was Rs 1450 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilingiyambakkam

Village

Avadi

SRO

Commercial Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹1590 /sq.ft.
From 1-4-2023 ₹1450 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[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.h. Road (commercial)

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M.T.H. Road (Commercial) guideline value

The current guideline value of M.T.H. Road (Commercial) is Rs 1,590 per sq.ft, effective from 1 July 2024. This road is located in Vilingiyambakkam village under the Avadi SRO, classified as Commercial Class I Type - III.

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

The guideline value for M.T.H. Road (Commercial) has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, but this decreased to Rs 1,340 per sq.ft in 2017. Following that, the value increased to Rs 1,450 per sq.ft in 2023, and the most recent revision in 2024 raised it further to Rs 1,590 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 8%, and then by 10% from 2023 to 2024. Overall, from 2012 to 2024, there has been a decrease of 21% in the guideline value.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft, with a median value of Rs 935 per sq.ft. M.T.H. Road (Commercial) is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,590 per sq.ft, the total guideline value would be Rs 15,90,000. The stamp duty at 7% would be Rs 1,11,300, and the registration fee at 2% would be Rs 31,800, making the total cost Rs 1,43,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers M.T.H. Road (Commercial)?

The M.T.H. Road (Commercial) is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vilingiyambakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that all transactions are documented accurately according to government regulations.

When a property is sold, the guideline value serves as a reference point for the transaction. Buyers and sellers must be aware of this value to ensure compliance with legal requirements and to understand the financial implications of the sale.

Frequently asked questions

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

The current guideline value of M.T.H. Road (Commercial) is Rs 1,590 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 2,000 per sq.ft in 2012, Rs 1,340 per sq.ft in 2017, Rs 1,450 per sq.ft in 2023, and Rs 1,590 per sq.ft in 2024.

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

M.T.H. Road (Commercial) is classified as Commercial Class I Type - III.

What are the stamp duty and registration fees for property on M.T.H. Road (Commercial)?

For a 1,000 sq.ft plot, the total guideline value is Rs 15,90,000. The stamp duty is Rs 1,11,300, and the registration fee is Rs 31,800, totaling Rs 1,43,100.

Which office handles the registration for M.T.H. Road (Commercial)?

The Avadi Sub Registrar Office handles the registration for M.T.H. Road (Commercial), located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.