Guideline Value for Mathaji Aveune

Mathaji Aveune guideline value

The current guideline value of Mathaji Aveune is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village, under the Kunrathur SRO, with a land classification of Mixed Special Type - III.

How the guideline value of Mathaji Aveune has changed

The guideline value for Mathaji Aveune has seen significant changes over the years. The 2017 revision set the value at Rs 1,072 per sq.ft, which increased to Rs 1,600 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for this street in the register for the years 2002, 2003, 2007, and 2012.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, placing Mathaji Aveune's 2024 figure above this median.

• Mehta Nagar: Rs 1,540 per sq.ft (2024)
• Mehta Nagar Extension: Rs 1,540 per sq.ft (2024)
• Metha Nagar East 10th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar East 11th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar East 12th Street: Rs 1,540 per sq.ft (2024)
• Metha Nagar East 13th Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Mathaji Aveune

For a 1,000 sq.ft plot at the current rate of Rs 1,760 per sq.ft, the guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees to Rs 1,58,400. 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 Mathaji Aveune?

The Sub Registrar Office covering Mathaji Aveune is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a critical factor in the registration process when buying or selling property in Kunrathour-B. It serves as a benchmark for determining the value of the property, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue based on the property's assessed value at the time of the transaction.

Frequently asked questions

What is the current guideline value of Mathaji Aveune?

The current guideline value of Mathaji Aveune is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, marking a total increase of 64% over these years.

What is the land classification for Mathaji Aveune?

The land classification for Mathaji Aveune is Mixed Special Type - III, which indicates the type of development allowed in the area.

Where can I find the registration office for Mathaji Aveune?

The registration office for Mathaji Aveune is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Mathaji Aveune?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 17,60,000 would incur a stamp duty of Rs 1,23,200 at a rate of 7%.