Guideline Value for Mothchapuram 4th street

Mothchapuram 4th street guideline value

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

How the guideline value of Mothchapuram 4th street has changed

The guideline value for Mothchapuram 4th street has undergone several revisions over the years. The oldest recorded revision is from 2007, where the value was Rs 600 per sq.ft. This increased to Rs 1,200 per sq.ft in 2012, marking a 100% rise. However, in 2017, the value dropped to Rs 804 per sq.ft, a decrease of 33%. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, reflecting a significant increase of 62% from 2017.

There are no figures available for the years 2023, 2003, and 2002 for Mothchapuram 4th street. 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. Mothchapuram 4th street's current value is below this median.

• Mothchapuram 3rd street: Rs 1,300 per sq.ft (2024)
• Mothchapuram 5th street: Rs 1,300 per sq.ft (2024)
• Mothchapuram 2nd street: Rs 1,300 per sq.ft (2024)
• Mothchapuram 6th street: Rs 1,300 per sq.ft (2024)
• Mothchapuram 1st street: Rs 1,300 per sq.ft (2024)
• Mottai Garden 10th Lane: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Mothchapuram 4th street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that 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 Mothchapuram 4th street?

The Sub Registrar Office that covers Mothchapuram 4th street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Mothchapuram 4th street?

The current guideline value of Mothchapuram 4th street 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, showing an overall increase of 117% over this period. The value has seen fluctuations, including a decrease from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017.

What is the land classification for Mothchapuram 4th street?

Mothchapuram 4th street is classified as Residential Class II Type - I. This classification is important for understanding the types of properties and uses allowed in the area.

What are the stamp duty and registration fees for property transactions?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 1,17,000.

Which office handles registrations for Mothchapuram 4th street?

The Royapuram Sub Registrar Office handles registrations for Mothchapuram 4th street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.