Guideline Value for M.T.H.ROAD

M.T.H.Road guideline value

The current guideline value of M.T.H.Road in Thandurai village, under the Avadi SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. The land classification for this area is Commercial Special Type - I.

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

Over the years, the guideline value of M.T.H.Road has seen significant changes. The earliest recorded figure is from 2002, which was Rs 186 per sq.ft. This increased to Rs 213 per sq.ft in 2003, marking a 15% rise. The value continued to rise, reaching Rs 478 per sq.ft in 2007, a substantial increase of 124%. In 2012, it saw a further increase to Rs 2,000 per sq.ft, which was a 318% jump from the previous revision. However, the value decreased by 33% to Rs 1,340 per sq.ft in 2017. The most recent revision in 2023 set the value at Rs 2,000 per sq.ft, followed by the current figure of Rs 2,200 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1,083%. There are no figures recorded for the revisions in years not mentioned in the register.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median value in this area is Rs 988 per sq.ft, placing M.T.H.Road's current guideline value above this median.

• Mullai Nagar: Rs 803 per sq.ft (2024)
• Mullai Nagar & Streets: Rs 1,300 per sq.ft (2024)
• Mridul Sai Nagar: Rs 800 per sq.ft (2024)
• Modern City: Rs 2,420 per sq.ft (2024)
• Model St Kakkanji Nagar: Rs 800 per sq.ft (2024)
• M.K. Gandhi Street: Rs 988 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 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and 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 Sub Registrar Office that covers M.T.H.Road is 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 Thandurai

The guideline value is a crucial factor in the registration process when buying or selling property in Thandurai. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of this value as it influences the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the sale price is in accordance with government regulations. It is essential for both parties to consider the guideline value to avoid any discrepancies during the registration process.

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 2,200 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 186 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, showing an overall increase of 1,083% over the years.

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

The land classification for M.T.H.Road is Commercial Special Type - I.

What are the stamp duty and registration fees for property in M.T.H.Road?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where is the Sub Registrar Office for M.T.H.Road located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.