Guideline Value for Mathiazhagan Nagar - Thiruvalluvar Street

Mathiazhagan Nagar - Thiruvalluvar Street guideline value

The current guideline value of Mathiazhagan Nagar - Thiruvalluvar Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Mathiazhagan Nagar - Thiruvalluvar Street has changed

The guideline value for Mathiazhagan Nagar - Thiruvalluvar Street has seen significant changes over the years. In 2002, the guideline value was Rs 481 per sq.ft. This increased to Rs 526 per sq.ft in 2003, marking a 9% rise. The value then rose to Rs 850 per sq.ft in 2007, which was a 62% increase. Following this, the value surged to Rs 3,000 per sq.ft in 2012, reflecting a substantial 253% increase. However, it decreased to Rs 2,010 per sq.ft in 2017, which was a 33% drop. The value then increased to Rs 3,000 per sq.ft in 2023, showing a 49% rise, before reaching the current rate of Rs 3,300 per sq.ft in 2024, a 10% increase.

There are no figures available for the guideline value of Mathiazhagan Nagar - Thiruvalluvar Street for the years not mentioned in the register. The overall change from 2002 to 2024 reflects a significant increase of 586%.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. Mathiazhagan Nagar - Thiruvalluvar Street's 2024 guideline value is below this median.

• Mathiazhagan Nagar - Sriramulu Street: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Nagar - V.O.C Street: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Nagar - Singaravelan Street: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Nagar - V.P.Akilan Street: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Nagar - Shanmugam Salai: Rs 3,300 per sq.ft (2024)
• Mathiazhagan Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Mathiazhagan Nagar - Thiruvalluvar Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mathiazhagan Nagar - Thiruvalluvar Street?

The Sub Registrar Office that covers Mathiazhagan Nagar - Thiruvalluvar Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Saligramam. When buying or selling property, this value is used to determine the stamp duty and registration fees applicable at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the financial obligations during a property transaction. Ensuring that the sale price meets or exceeds the guideline value is crucial for accurate duty calculations.

Frequently asked questions

What is the current guideline value of Mathiazhagan Nagar - Thiruvalluvar Street?

The current guideline value of Mathiazhagan Nagar - Thiruvalluvar Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 481 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting a total increase of 586% over the years.

What is the land classification for Mathiazhagan Nagar - Thiruvalluvar Street?

The land classification for Mathiazhagan Nagar - Thiruvalluvar Street is Residential Class III Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Mathiazhagan Nagar - Thiruvalluvar Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at 7%.