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Guideline Value

Corporate

Guideline Value for MOTHI NAGAR 1ST STREET

₹1930/sq.ft.

The guideline value for Mothi Nagar 1st Street in Karambakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 1930 per sq.ft, effective 1 July 2024. It was Rs 1750 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Karambakkam

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1930 /sq.ft.
From 1-4-2023 ₹1750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1172 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1750 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Mothi Nagar 1st Street

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Mothi Nagar 1st Street guideline value

The current guideline value of Mothi Nagar 1st Street is Rs 1,930 per sq.ft, effective from 1 July 2024. This street is located in Karambakkam village, under the Chennai South Joint I SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Mothi Nagar 1st Street has changed

The guideline value for Mothi Nagar 1st Street has undergone several revisions over the years. The earliest recorded revision was in 2012, setting the value at Rs 1,750 per sq.ft. This figure remained until the next revision in 2017, where it decreased to Rs 1,172 per sq.ft. However, from 2017 to 2023, there was a significant increase to Rs 1,750 per sq.ft, followed by a further increase to Rs 1,930 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

Notably, the revisions for the years 2002, 2003, and 2007 do not have figures recorded for Mothi Nagar 1st Street. Overall, from 2012 to 2024, the guideline value has increased by 10%, reflecting the changes in the market over the years.

Guideline values in Karambakkam

In Karambakkam, there are 159 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,930 per sq.ft, which is also the current value for Mothi Nagar 1st Street.

Stamp duty and registration fee for property in Mothi Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,930 per sq.ft, the total guideline value amounts to Rs 19,30,000. The stamp duty at 7% would be Rs 1,35,100, and the registration fee at 2% would be Rs 38,600, bringing the total fees to Rs 1,73,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mothi Nagar 1st Street?

The Sub Registrar Office that covers Mothi Nagar 1st 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 Karambakkam

The guideline value is an essential factor in the property registration process in Karambakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. When buying or selling property, the guideline value helps ensure that the transaction is documented accurately for legal and taxation purposes.

Additionally, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that all property transactions are conducted transparently and in accordance with the established regulations.

Frequently asked questions

What is the current guideline value of Mothi Nagar 1st Street?

The current guideline value of Mothi Nagar 1st Street is Rs 1,930 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,750 per sq.ft in 2012 to Rs 1,172 per sq.ft in 2017, then increased to Rs 1,750 per sq.ft in 2023, and finally to Rs 1,930 per sq.ft in 2024.

What is the stamp duty for properties in Mothi Nagar 1st Street?

The stamp duty for properties in Mothi Nagar 1st Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Mothi Nagar 1st Street located?

The Sub Registrar Office for Mothi Nagar 1st Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the land classification for Mothi Nagar 1st Street?

Mothi Nagar 1st Street falls under the Residential Class III Type - I land classification.