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Guideline Value

Corporate

Guideline Value for Mohamed ali street

₹1430/sq.ft.

The guideline value for Mohamed Ali Street in Thiruvallur village (Tiruvallur Joint 1 SRO, Chennai zone) is Rs 1430 per sq.ft, effective 1 July 2024. It was Rs 1300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class V Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruvallur

Village

Tiruvallur Joint 1

SRO

Residential Class V Type - I
History
Period Guideline Value
From 1-7-2024 ₹1430 /sq.ft.
From 1-4-2023 ₹1300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹871 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.
044-27666992
[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 Mohamed Ali Street

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Mohamed ali street guideline value

The current guideline value of Mohamed ali street is Rs 1,430 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village under the Tiruvallur Joint 1 SRO and is classified as Residential Class V Type - I.

How the guideline value of Mohamed ali street has changed

The guideline value for Mohamed ali street has undergone several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in 2012. However, this value decreased to Rs 871 per sq.ft in 2017. The subsequent revision in 2023 saw the value rise to Rs 1,300 per sq.ft, followed by a further increase to Rs 1,430 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The change from 2012 to 2017 was a decrease of 33%, while the jump from 2007 to 2012 was a substantial 225%. Overall, from 2007 to 2024, the guideline value has increased by 258%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 3,850 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Mohamed ali street's 2024 figure above this median.

Stamp duty and registration fee for property in Mohamed ali street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, making the total cost for these fees Rs 1,28,700. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mohamed ali street?

The Sub Registrar Office that covers Mohamed ali street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Thiruvallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the government receives the necessary revenue from property sales.

Frequently asked questions

What is the current guideline value of Mohamed ali street?

The current guideline value of Mohamed ali street is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,430 per sq.ft in 2024, reflecting a significant increase over the years.

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

Other streets in Thiruvallur with similar guideline values include Mohamed ali St lane-1, lane-2, and lane-3, all at Rs 1,430 per sq.ft as of 2024.

What fees are associated with buying property on Mohamed ali street?

When buying property on Mohamed ali street, the stamp duty is 7% of the guideline value, and the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Mohamed ali street?

The Sub Registrar Office for Mohamed ali street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.