Guideline Value for MOTATHAMMAN KOIL STREET

Motathamman Koil Street guideline value

The current guideline value of Motathamman Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Manapakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Motathamman Koil Street has changed

The guideline value for Motathamman Koil Street has undergone several revisions over the years. In 2002, the guideline value was Rs 38 per sq.ft. This increased to Rs 43 per sq.ft in 2003, marking a change of +13%. The value saw a significant rise to Rs 400 per sq.ft in 2007, reflecting an increase of +830%. In 2012, the guideline value was Rs 1,800 per sq.ft, which represented a substantial increase of +350% from the previous revision. However, the value decreased to Rs 1,206 per sq.ft in 2017, showing a decline of -33%.

From 2017 to 2023, the guideline value increased to Rs 1,800 per sq.ft, representing a rise of +49%. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, which is a +10% increase from the 2023 figure. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median guideline value for these streets is Rs 2,530 per sq.ft, placing the guideline value of Motathamman Koil Street below this median.

• Motathamman Koil 2nd Street: Rs 1,980 per sq.ft (2024)
• Mount Poonamallee Road: Rs 6,600 per sq.ft (2024)
• Mugalivakkam Main Road: Rs 3,300 per sq.ft (2024)
• Mukthi Enclave: Rs 2,530 per sq.ft (2024)
• Mukthi Enclave Main Salai: Rs 2,530 per sq.ft (2024)
• Mukthi Enclave Right Cross Street: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Motathamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Together, these fees would total Rs 1,78,200. 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 Motathamman Koil Street?

The Sub Registrar Office that covers Motathamman Koil Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Manapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When a property is sold, the transaction must be registered with the local Sub Registrar Office, where the guideline value will be referenced. This ensures that the appropriate fees are collected based on the established rates, which helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Motathamman Koil Street?

The current guideline value of Motathamman Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 38 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, reflecting a significant overall increase of +5111% over the years.

What is the land classification for Motathamman Koil Street?

Motathamman Koil Street is classified as Residential Class IV Type - II.

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

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Where is the Sub Registrar Office for Motathamman Koil Street located?

The Sub Registrar Office for Motathamman Koil Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.