Guideline Value for Model Line 4th Lane

Model Line 4th Lane guideline value

The current guideline value of Model Line 4th Lane is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO and is classified as Residential Class II Type - I.

How the guideline value of Model Line 4th Lane has changed

Looking at the historical revisions, the guideline value for Model Line 4th Lane has seen several changes over the years. The 2007 revision set the value at Rs 600 per sq.ft, which increased by 100% to Rs 1,200 per sq.ft in 2012. However, from 2012 to 2017, the value decreased by 33% to Rs 804 per sq.ft. The most recent 2024 revision has raised the value to Rs 1,300 per sq.ft, marking an increase of 62% from the 2017 figure.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street in the register. Overall, from 2007 to 2024, the guideline value has increased by 117%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value of Model Line 4th Lane is below this median.

• Model Line 3rd Lane: Rs 1,300 per sq.ft (2024)
• Model Line 5th Lane: Rs 1,300 per sq.ft (2024)
• Model Line 2nd Lane: Rs 1,300 per sq.ft (2024)
• Model Line 6th Lane: Rs 1,300 per sq.ft (2024)
• Model Line 1st Street: Rs 1,300 per sq.ft (2024)
• Model Line 7th Lane: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Model Line 4th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000, resulting in a total cost of Rs 1,17,000. 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 detailed calculations.

Which Sub Registrar Office covers Model Line 4th Lane?

The Sub Registrar Office covering Model Line 4th Lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum value for which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory charges that must be settled during the registration process. This ensures that both parties are aware of the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Model Line 4th Lane?

The current guideline value of Model Line 4th Lane is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 117% over the years.

What is the land classification for Model Line 4th Lane?

Model Line 4th Lane is classified as Residential Class II Type - I.

Where can I find the Royapuram Sub Registrar Office?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the stamp duty for property in Model Line 4th Lane?

The stamp duty for property in Model Line 4th Lane is calculated at 7% of the guideline value, which is Rs 91,000 for a 1,000 sq.ft plot at the current rate.