Guideline Value for M.T.H.Road

M.T.H.Road guideline value

The current guideline value of M.T.H.Road in Sekkadu village, under the Avadi SRO, is Rs 2,250 per sq.ft, effective from 1 July 2024. This area falls under the Mixed Special Type - II 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. In 2012, the guideline value was Rs 2,050 per sq.ft. This was followed by a decrease to Rs 1,373 per sq.ft in 2017. The value then increased significantly to Rs 2,050 per sq.ft in 2023, and currently stands at Rs 2,250 per sq.ft from the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The latest revision from 2023 to 2024 reflects a 10% increase, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Sekkadu

Sekkadu village has 56 streets under the Avadi SRO, with the 2024 guideline values ranging from Rs 930 to Rs 4,800 per sq.ft. The median guideline value in this area is Rs 1,320 per sq.ft, making the current value of M.T.H.Road above this median.

• Mettu Street: Rs 1,075 per sq.ft (2024)
• Mettu Sekkadu: Rs 1,075 per sq.ft (2024)
• Mejastic Residency: Rs 1,075 per sq.ft (2024)
• Mariyamman Koil Street Kudiyiruppu: Rs 1,075 per sq.ft (2024)
• Main Road: Rs 2,250 per sq.ft (2024)
• Palla Theru: Rs 1,075 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 2,250 per sq.ft, the total guideline value would be Rs 22,50,000. The stamp duty at 7% would amount to Rs 1,57,500, and the registration fee at 2% would be Rs 45,000, bringing the total fees together to Rs 2,02,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our 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 Sekkadu

The guideline value is a crucial factor during property registration in Sekkadu. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property transaction.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair price, reflecting the current market conditions as assessed 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 2,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,050 per sq.ft in 2012 to Rs 1,373 per sq.ft in 2017, then to Rs 2,050 per sq.ft in 2023, and finally to Rs 2,250 per sq.ft in 2024.

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

For a property valued at Rs 22,50,000, the stamp duty would be Rs 1,57,500 and the registration fee would be Rs 45,000, totaling Rs 2,02,500.

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.

What is the median guideline value in Sekkadu?

The median guideline value in Sekkadu is Rs 1,320 per sq.ft, with M.T.H.Road's current value being above this median.