Guideline Value

Corporate

Guideline Value for Matha Nagar

₹1102/sq.ft.

The guideline value for Matha Nagar in Puzhal village (Redhills SRO, Chennai zone) is Rs 1102 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 Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puzhal

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1102 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹54 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹532 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Matha Nagar

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Matha Nagar guideline value

The current guideline value for Matha Nagar, located in Puzhal village under the Redhills SRO, is Rs 1,102 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class III Type - I land classification.

How the guideline value of Matha Nagar has changed

The guideline value for Matha Nagar has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 532 per sq.ft, which then decreased to Rs 54 per sq.ft in 2003. Following this, the value saw a significant increase of 270% to reach Rs 200 per sq.ft in 2007. The 2012 revision set the value at Rs 700 per sq.ft, marking a 250% increase from the previous revision. However, it then decreased by 33% to Rs 469 per sq.ft in 2017. The most recent revisions show a substantial increase, with the value rising to Rs 1,000 per sq.ft in 2023, and then further increasing by 10% to the current value of Rs 1,102 per sq.ft in 2024.

There are no figures available for the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 107%.

Guideline values in Puzhal

Puzhal village has a total of 270 streets under the Redhills SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 1,102 per sq.ft, which is equal to the current guideline value for Matha Nagar. Below are some of the other streets in Puzhal:

Stamp duty and registration fee for property in Matha Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,102 per sq.ft, the guideline value amounts to Rs 11,02,000. The stamp duty at 7% would be Rs 77,140, and the registration fee at 2% would be Rs 22,040, totaling Rs 99,180. 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 details.

Which Sub Registrar Office covers Matha Nagar?

The Sub Registrar Office covering Matha Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puzhal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that the guideline value may differ from the sale price, and the higher of the two will be used for calculating the fees.

When a property is registered, the guideline value ensures that the transaction is documented at a fair value, which helps maintain transparency in property dealings. It is essential for both buyers and sellers to understand the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Matha Nagar?

The current guideline value of Matha Nagar is Rs 1,102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 532 per sq.ft in 2002 to Rs 1,102 per sq.ft in 2024, showing an overall increase of 107% over the years.

What is the registration office for Matha Nagar?

The registration office for Matha Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Matha Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 11,02,000, the stamp duty would be Rs 77,140 at 7%.

What are the other streets in Puzhal with similar guideline values?

Other streets in Puzhal with similar guideline values include Masilamani Nagar, Marvel Lake View County, Meenakshi Nagar, and Mercy Nagar, all at Rs 1,100 per sq.ft for 2024.