Guideline Value for MADRAS THIRUVALLOURE HIGH ROAD(M.T.H.ROAD)

Madras Thiruvalloure High Road(M.T.H.Road) guideline value

The current guideline value of Madras Thiruvalloure High Road (M.T.H. Road) is Rs 8,200 per sq.ft, effective from 1 July 2024. This road is located in Villivakkam village and falls under the Villivakkam SRO, classified as Residential Class II Type - I.

How the guideline value of Madras Thiruvalloure High Road(M.T.H.Road) has changed

The guideline value for Madras Thiruvalloure High Road has undergone several revisions over the years. In 2007, the value was Rs 3,050 per sq.ft, which increased to Rs 7,500 per sq.ft in 2012, marking a significant rise of 146%. However, it saw a decrease of 33% to Rs 5,025 per sq.ft in 2017. The value then rose sharply to Rs 7,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 8,200 per sq.ft, representing a 9% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 169%.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing Madras Thiruvalloure High Road's 2024 figure above that median.

• Majestic Apartments: Rs 13,200 per sq.ft (2024)
• Malar Colony: Rs 13,200 per sq.ft (2024)
• Lakshmi Street (Near Agathiyar Nagar): Rs 3,300 per sq.ft (2024)
• Lakshmi Street: Rs 3,300 per sq.ft (2024)
• Lakshmipuram N.R.N.Street: Rs 3,300 per sq.ft (2024)
• Lakshmipuram Lane: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Madras Thiruvalloure High Road(M.T.H.Road)

For a 1,000 sq.ft plot at the current rate of Rs 8,200 per sq.ft, the guideline value amounts to Rs 82,00,000. The stamp duty at 7% would be Rs 5,74,000, and the registration fee at 2% would be Rs 1,64,000, bringing the total to Rs 7,38,000. 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 Madras Thiruvalloure High Road(M.T.H.Road)?

The Sub Registrar Office covering Madras Thiruvalloure High Road is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Villivakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid at the time of property registration.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price of the property. The authorities charge the stamp duty based on the higher amount between the guideline value and the sale price, ensuring that the correct fees are collected for the transaction.

Frequently asked questions

What is the current guideline value of Madras Thiruvalloure High Road?

The current guideline value of Madras Thiruvalloure High Road (M.T.H. Road) is Rs 8,200 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 3,050 per sq.ft in 2007 to Rs 8,200 per sq.ft in 2024, reflecting an overall increase of 169% over this period.

What is the median guideline value in Villivakkam?

The median guideline value for streets in Villivakkam is Rs 4,900 per sq.ft, with Madras Thiruvalloure High Road's value being above this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 82,00,000, the stamp duty would be Rs 5,74,000, and the registration fee would be Rs 1,64,000, totaling Rs 7,38,000.

Where can I find the Sub Registrar Office for this road?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, and is responsible for registrations in this area.