Guideline Value for Mathanakuppam Salai

Mathanakuppam Salai guideline value

The current guideline value of Mathanakuppam Salai is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Soorapattu village, under the Ambattur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Mathanakuppam Salai has changed

The guideline value for Mathanakuppam Salai has undergone several revisions over the years. The 2012 revision set the value at Rs 1,300 per sq.ft, which was then reduced to Rs 871 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,300 per sq.ft in 2023, and further rose to the current rate of Rs 1,400 per sq.ft in the 2024 revision.

In terms of percentage changes, the guideline value increased by 8% from 2023 to 2024, and by 49% from 2017 to 2023. The value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Soorapattu

In Soorapattu, there are 115 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,100 per sq.ft. The median guideline value for the village is Rs 1,300 per sq.ft, and Mathanakuppam Salai's 2024 figure is above this median.

• Masuthi Street: Rs 1,200 per sq.ft (2024)
• Mettur - 1st Street: Rs 1,200 per sq.ft (2024)
• Mettur - 2nd Street: Rs 1,200 per sq.ft (2024)
• Mettur - 3rd Street: Rs 1,200 per sq.ft (2024)
• Mettur - 4th Street: Rs 1,200 per sq.ft (2024)
• Mettur - 5th Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Mathanakuppam Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, making the total cost Rs 1,26,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mathanakuppam Salai?

The Sub Registrar Office that covers Mathanakuppam Salai is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical component when registering property transactions in Soorapattu. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the state receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps to establish a fair price for both parties involved in the transaction. It is essential to consider the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Mathanakuppam Salai?

The current guideline value of Mathanakuppam Salai is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2012 to Rs 871 per sq.ft in 2017, then to Rs 1,300 per sq.ft in 2023, and finally to Rs 1,400 per sq.ft in 2024.

What is the land classification of Mathanakuppam Salai?

Mathanakuppam Salai is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Mathanakuppam Salai?

The Sub Registrar Office for Mathanakuppam Salai is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.

What is the stamp duty for property in Mathanakuppam Salai?

The stamp duty for property in Mathanakuppam Salai is 7% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 98,000.