Guideline Value

Corporate

Guideline Value for M.T.H.ROAD

₹1320/sq.ft.

The guideline value for M.t.h.road in Vilingiyambakkam village (Avadi SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilingiyambakkam

Village

Avadi

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 ₹367 /sq.ft.
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]

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M.T.H.Road guideline value

The current guideline value of M.T.H.Road in Vilingiyambakkam village, under the Avadi SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. This land is classified as Commercial Class I Type - II.

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 earliest recorded figure is from 2003, where the value was Rs 367 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in 2012, but then dropped to Rs 804 per sq.ft in 2017. The value rose again to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,320 per sq.ft as of the 2024 revision. There are no figures available for the years 2002 and 2007 in the register for this street.

From 2003 to 2012, the value increased by 227%, but then saw a decrease of 33% from 2012 to 2017. Following that, the value surged by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase, resulting in an overall increase of 260% from 2003 to 2024.

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's 2024 figure of Rs 1,320 per sq.ft is 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 guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total charges Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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

The M.T.H.Road 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. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Vilingiyambakkam. It serves as a benchmark to determine the minimum value at which property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring transparency in the property 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 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 367 per sq.ft to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 260% over this period.

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

M.T.H.Road is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

Where can I find the Avadi Sub Registrar Office?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 1,320 per sq.ft incurs total fees of Rs 1,18,800.