Guideline Value

Corporate

Guideline Value for M.T.H. Road

₹6000/sq.ft.

The guideline value for M.t.h. Road in Malligaicherry village (Konnur SRO, Chennai zone) is Rs 6000 per sq.ft, effective 1 July 2024. It was Rs 5500 per sq.ft from 1 April 2023, a 9% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Malligaicherry

Village

Konnur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹6000 /sq.ft.
From 1-4-2023 ₹5500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3685 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹454 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹420 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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

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M.T.H. Road guideline value

The current guideline value of M.T.H. Road in Malligaicherry village, under the Konnur SRO, is Rs 6,000 per sq.ft, effective from 1 July 2024. This area is 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 significant changes over the years. In 2002, the value was Rs 420 per sq.ft, which increased to Rs 454 per sq.ft in 2003. Following this, the value rose dramatically to Rs 1,500 per sq.ft in 2007, and then to Rs 5,500 per sq.ft in 2012. However, it decreased to Rs 3,685 per sq.ft in 2017. The value then increased to Rs 5,500 per sq.ft in 2023, before reaching the current rate of Rs 6,000 per sq.ft in 2024.

In terms of percentage changes, from 2002 to 2024, the overall increase is +1329%. The most notable jump occurred from 2007 to 2012, with an increase of +267%. The value also saw a significant rise of +49% from 2017 to 2023, and a +9% increase from 2023 to 2024. There are no figures available for the years not listed in the register for this street.

Guideline values in Malligaicherry

Malligaicherry has a total of 49 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, placing M.T.H. Road's 2024 figure above this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 6,000 per sq.ft, the guideline value amounts to Rs 60,00,000. The stamp duty at 7% would be Rs 4,20,000, while the registration fee at 2% would be Rs 1,20,000, totaling Rs 5,40,000. 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?

The Sub Registrar Office that covers M.T.H. Road is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Malligaicherry. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that both the buyer and seller adhere to the legal requirements set forth 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 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 420 per sq.ft in 2002 to Rs 6,000 per sq.ft in 2024, reflecting an overall increase of +1329% over this period.

What is the registration office for M.T.H. Road?

The registration office for M.T.H. Road is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 60,00,000 would incur a stamp duty of Rs 4,20,000 at a rate of 7%.

What are the guideline values of other streets in Malligaicherry?

Other streets in Malligaicherry have varying guideline values, with rates ranging from Rs 2,200 to Rs 6,000 per sq.ft. For instance, Moorthi Nagar has a guideline value of Rs 3,800 per sq.ft in 2024.