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Guideline Value

Corporate

Guideline Value for MATHIEZHIL ASIRES IYAR NAGAR (TEACHERS COLONY)

₹1100/sq.ft.

The guideline value for Mathiezhil Asires Iyar Nagar (teachers Colony) in Matthur village (Thiruvottiyur SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Matthur

Village

Thiruvottiyur

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹594 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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]
Records for a plot on Mathiezhil Asires Iyar Nagar (teachers Colony)

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Mathiezhil Asires Iyar Nagar (Teachers Colony) guideline value

The current guideline value of Mathiezhil Asires Iyar Nagar (Teachers Colony) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Matthur village under the Thiruvottiyur SRO, and the land classification is Residential Special Type - III.

How the guideline value of Mathiezhil Asires Iyar Nagar (Teachers Colony) has changed

The guideline value for Mathiezhil Asires Iyar Nagar (Teachers Colony) has undergone several revisions over the years. In 2007, the guideline value was Rs 594 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a rise of 68%. However, this value dropped by 33% to Rs 670 per sq.ft in 2017. The subsequent revision in 2023 saw a significant increase to Rs 1,000 per sq.ft, and the latest revision in 2024 set the value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 85%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Matthur

In Matthur, there are 66 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft, with the median value being Rs 1,100 per sq.ft. Mathiezhil Asires Iyar Nagar (Teachers Colony) is positioned at this median value.

Stamp duty and registration fee for property in Mathiezhil Asires Iyar Nagar (Teachers Colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mathiezhil Asires Iyar Nagar (Teachers Colony)?

The Sub Registrar Office that covers Mathiezhil Asires Iyar Nagar (Teachers Colony) is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Matthur. It is the basis for determining the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers must ensure that they are aware of the current guideline value to avoid any discrepancies during registration.

When registering a property, the guideline value is compared to 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 based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Mathiezhil Asires Iyar Nagar (Teachers Colony)?

The current guideline value of Mathiezhil Asires Iyar Nagar (Teachers Colony) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 594 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 85% over the years.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers this street?

The Thiruvottiyur Sub Registrar Office covers Mathiezhil Asires Iyar Nagar (Teachers Colony), located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification for Mathiezhil Asires Iyar Nagar (Teachers Colony)?

The land classification for Mathiezhil Asires Iyar Nagar (Teachers Colony) is Residential Special Type - III.