Guideline Value for M.T.H.Road(Segment)(Police Station to Indl. Estate)

M.T.H.Road(Segment)(Police Station to Indl. Estate) guideline value

The current guideline value of M.T.H.Road(Segment)(Police Station to Indl. Estate) is Rs 6,500 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of M.T.H.Road(Segment)(Police Station to Indl. Estate) has changed

The guideline value for M.T.H.Road(Segment) has undergone several revisions over the years. The 2012 revision set the value at Rs 6,500 per sq.ft, which remained unchanged in the 2017 revision. However, the 2017 revision saw a decrease to Rs 4,355 per sq.ft, marking a 33% drop. In 2023, the value was again revised to Rs 6,500 per sq.ft, and it remained the same in the 2024 revision, indicating no percentage change between 2023 and 2024. The overall change from the 2012 revision to the 2024 revision is 0%.

For the years 2002, 2003, and 2007, the register has no figure for this street. From the 2017 revision to the 2023 revision, there was a significant increase of 49% in the guideline value.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. The guideline value of M.T.H.Road(Segment) is above this median.

• M.T.H Road: Rs 6,500 per sq.ft (2024)
• Mugunthan Street: Rs 3,600 per sq.ft (2024)
• Mounasamy madam Street: Rs 5,100 per sq.ft (2024)
• Murugappa iyer St.: Rs 3,000 per sq.ft (2024)
• Murugappa reddy 1st Street: Rs 3,000 per sq.ft (2024)
• Murugappa reddy 2nd Street: Rs 3,000 per sq.ft (2024)

Stamp duty and registration fee for property in M.T.H.Road(Segment)(Police Station to Indl. Estate)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,500 per sq.ft, the total guideline value amounts to Rs 65,00,000. The stamp duty at 7% would be Rs 4,55,000, and the registration fee at 2% would be Rs 1,30,000, bringing the total cost together to Rs 5,85,000. 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(Segment)(Police Station to Indl. Estate)?

The Sub Registrar Office that covers M.T.H.Road(Segment) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of M.T.H.Road(Segment)(Police Station to Indl. Estate) is Rs 6,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 6,500 per sq.ft in both 2023 and 2024. The value was Rs 4,355 per sq.ft in 2017, and Rs 6,500 per sq.ft in 2012.

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

M.T.H.Road(Segment)(Police Station to Indl. Estate) is classified as Commercial Class I Type - I.

What are the stamp duty rates for property transactions in Ambattur?

The stamp duty for property transactions in Ambattur is charged at 7% of the higher of the guideline value or the sale price. Additionally, a registration fee of 2% is applicable.

Where can I find the Sub Registrar Office for M.T.H.Road(Segment)?

The Sub Registrar Office for M.T.H.Road(Segment)(Police Station to Indl. Estate) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.