Guideline Value for M.T.H.ROAD

M.T.H.Road guideline value

The current guideline value of M.T.H.Road in Thiruninravur-A village, under the Avadi SRO, is Rs 1,210 per sq.ft, effective from 1 July 2024. This street falls under the Residential Special Type - III land classification.

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 register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was Rs 800 per sq.ft, and with the latest revision in 2024, it has increased to Rs 1,210 per sq.ft, marking a significant rise of 51%.

This increase reflects the changes in property valuation in the area. The 2024 figure of Rs 1,210 per sq.ft is a notable jump from the previous year's value of Rs 800 per sq.ft.

Guideline values in Thiruninravur-A

In Thiruninravur-A, a total of 382 streets are registered under the Avadi SRO, with guideline values ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 750 per sq.ft, placing M.T.H.Road's 2024 figure above this median.

• M.T.H.ROAD to RAILWAY STATION ROAD: Rs 840 per sq.ft (2024)
• Moovandar Nagar & Streets: Rs 840 per sq.ft (2024)
• Murugan Koil St: Rs 750 per sq.ft (2024)
• Murugesan Nagar 1st Main Road & Street: Rs 1,200 per sq.ft (2024)
• Muthaiya Lay Out Road & Streets: Rs 440 per sq.ft (2024)
• Muthamizh Nagar: Rs 750 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 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total costs to Rs 1,08,900. 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 based on your property.

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

The M.T.H.Road falls under the jurisdiction of the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your specific SRO, you can find your SRO here.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value plays a crucial role in the registration process of property transactions in Thiruninravur-A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures that both parties are aware of the financial implications of the sale.

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 1,210 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 800 per sq.ft in 2023 to Rs 1,210 per sq.ft in 2024, which is a rise of 51%.

What is the median guideline value for streets in Thiruninravur-A?

The median guideline value for streets in Thiruninravur-A is Rs 750 per sq.ft, with M.T.H.Road's value being above this median.

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

For a property valued at Rs 12,10,000, the stamp duty would be Rs 84,700 and the registration fee would be Rs 24,200, totaling Rs 1,08,900.

Which office handles registrations for M.T.H.Road?

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