Guideline Value for MATHA KOIL MAIN ROAD

Matha Koil Main Road guideline value

The current guideline value of Matha Koil Main Road is Rs 101 per sq.ft, effective from 1 July 2024. This road is located in the village of Cheyyur, under the Cheyyur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Matha Koil Main Road has changed

The guideline value for Matha Koil Main Road has seen significant changes over the years. The 2017 revision set the value at Rs 50 per sq.ft, which was then increased to Rs 100 per sq.ft in the 2023 revision. The most recent revision in 2024 has further increased the value to Rs 101 per sq.ft, marking a 1% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 102%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft. The median value is Rs 101 per sq.ft, which is equal to the guideline value of Matha Koil Main Road.

• Mariyamman Kovil Street: Rs 101 per sq.ft (2024)
• Mettu Street: Rs 101 per sq.ft (2024)
• MANTHAIVELI 2nd CROSS STREET: Rs 101 per sq.ft (2024)
• MANTHAIVELI 1st CROSS STREET: Rs 101 per sq.ft (2024)
• Manivannan Nagar: Rs 300 per sq.ft (2024)
• Magaliamman Koil Street: Rs 102 per sq.ft (2024)

Stamp duty and registration fee for property in Matha Koil Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 101 per sq.ft, the total guideline value would be Rs 1,01,000. The stamp duty at 7% would amount to Rs 7,070, and the registration fee at 2% would be Rs 2,020, bringing the total fees to Rs 9,090. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Matha Koil Main Road?

The Sub Registrar Office that covers Matha Koil Main Road is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Cheyyur - A. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with local regulations and to accurately calculate the costs involved in property transactions.

When a property is registered, the guideline value is compared with the sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Matha Koil Main Road?

The current guideline value of Matha Koil Main Road is Rs 101 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 50 per sq.ft in 2017 to Rs 100 per sq.ft in 2023, and then to Rs 101 per sq.ft in 2024. This represents an overall increase of 102% from 2017 to 2024.

What is the land classification for Matha Koil Main Road?

Matha Koil Main Road is classified as Residential Class IV Type - I. This classification is important for determining the applicable guidelines and regulations for property transactions.

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

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 9,090.

Where can I find the Sub Registrar Office for Matha Koil Main Road?

The Cheyyur Sub Registrar Office covers Matha Koil Main Road and is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find more information about your SRO online.