Guideline Value for Mothchapuram 5th street

Mothchapuram 5th street guideline value

The current guideline value of Mothchapuram 5th 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 5th street has changed

The guideline value for Mothchapuram 5th street has undergone several revisions over the years. In 2007, the value was set at Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a 100% rise. However, in 2017, the value decreased to Rs 804 per sq.ft, reflecting a 33% drop. The most recent revision in 2024 saw the value rise to Rs 1,300 per sq.ft, resulting in a 62% increase from the 2017 figure.

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

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. The median value for these streets is Rs 1,600 per sq.ft, which means that Mothchapuram 5th street's 2024 figure is below that median.

• Mothchapuram 4th street: Rs 1,300 per sq.ft (2024)
• Mothchapuram 6th street: Rs 1,300 per sq.ft (2024)
• Mothchapuram 3rd street: Rs 1,300 per sq.ft (2024)
• Mothchapuram 2nd 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 5th 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, making the total cost for these fees Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Mothchapuram 5th street?

The Sub Registrar Office that covers Mothchapuram 5th street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it can impact the overall cost of the transaction. Buyers should ensure that the sale price is higher than the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Mothchapuram 5th street?

The current guideline value of Mothchapuram 5th 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, reflecting an overall increase of 117% over the years.

What is the stamp duty for properties on Mothchapuram 5th street?

The stamp duty for properties on Mothchapuram 5th street is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Mothchapuram 5th street?

The Royapuram Sub Registrar Office handles property registrations for Mothchapuram 5th street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

Are there other streets with the same guideline value in Tondaiarpet?

Yes, there are several other streets in Tondaiarpet with the same guideline value of Rs 1,300 per sq.ft, including Mothchapuram 1st, 2nd, 3rd, 4th, and 6th streets.