Guideline Value

Corporate

Guideline Value for Madras Pattai Lane

₹2400/sq.ft.

The guideline value for Madras Pattai Lane in Malligaicherry village (Konnur SRO, Chennai zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2250 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Malligaicherry

Village

Konnur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1507 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹480 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹436 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[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 Madras Pattai Lane

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Madras Pattai Lane guideline value

The current guideline value of Madras Pattai Lane is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Malligaicherry village and falls under the Konnur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Madras Pattai Lane has changed

The guideline value for Madras Pattai Lane has seen several revisions over the years. In 2002, the value was Rs 436 per sq.ft, which increased to Rs 480 per sq.ft in 2003, marking a 10% rise. The value then continued to rise significantly, reaching Rs 800 per sq.ft in 2007, a 67% increase from the previous revision. The value remained at Rs 800 per sq.ft until 2012, when it jumped to Rs 2,250 per sq.ft, reflecting a 181% increase.

After 2012, the value decreased to Rs 1,507 per sq.ft in 2017, representing a 33% drop. The value then increased to Rs 2,250 per sq.ft in 2023, before reaching the current figure of Rs 2,400 per sq.ft in 2024, which is a 7% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 450%.

Guideline values in Malligaicherry

In Malligaicherry, there are 49 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, which is equal to the current guideline value of Madras Pattai Lane.

Stamp duty and registration fee for property in Madras Pattai Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, totaling Rs 2,16,000. Please 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 details.

Which Sub Registrar Office covers Madras Pattai Lane?

The Sub Registrar Office that covers Madras Pattai Lane is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Malligaicherry. It serves as a benchmark for determining the stamp duty and registration fees applicable for the transaction.

When a property is registered, the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Madras Pattai Lane?

The current guideline value of Madras Pattai Lane is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 436 per sq.ft in 2002 to Rs 2,400 per sq.ft in 2024, marking an overall increase of 450% over the years.

What is the stamp duty rate for properties in Madras Pattai Lane?

The stamp duty rate for properties in Madras Pattai Lane is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Madras Pattai Lane?

The Sub Registrar Office for Madras Pattai Lane is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What are the guideline values of other streets in Malligaicherry?

Other streets in Malligaicherry have varying guideline values, with rates ranging from Rs 2,200 to Rs 6,000 per sq.ft. For example, Madras Pattai Road is valued at Rs 2,750 per sq.ft, while M.T.H. Road is at Rs 6,000 per sq.ft.