Guideline Value for Mothibaba Lane

Mothibaba Lane guideline value

The current guideline value of Mothibaba Lane is Rs 13,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village, under the Periamet SRO, and is classified as Mixed Type - I land.

How the guideline value of Mothibaba Lane has changed

The guideline value register has no figures for Mothibaba Lane for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 13,400 per sq.ft.

There have been no changes between the revisions listed above. The only figure available for Mothibaba Lane is from the 2024 revision.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 7,100 per sq.ft, placing Mothibaba Lane's value above this median.

• Motharappa Venkatasamy Street: Rs 7,100 per sq.ft (2024)
• Montieth Road: Rs 13,400 per sq.ft (2024)
• Montieth Lane: Rs 13,400 per sq.ft (2024)
• Muktha Garden: Rs 13,400 per sq.ft (2024)
• Muniya Pillai Street: Rs 7,100 per sq.ft (2024)
• Munusamy Lane: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Mothibaba Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 13,400 per sq.ft, the total guideline value amounts to Rs 1,34,00,000. The stamp duty at 7% would be Rs 9,38,000, and the registration fee at 2% would be Rs 2,68,000, totaling Rs 12,06,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mothibaba Lane?

The Sub Registrar Office that covers Mothibaba Lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Egmore. It serves as a benchmark for determining the stamp duty and registration fees applicable on the transaction.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Mothibaba Lane?

The current guideline value of Mothibaba Lane is Rs 13,400 per sq.ft, effective from 1 July 2024.

What is the land classification for Mothibaba Lane?

Mothibaba Lane is classified as Mixed Type - I land under the guideline value register.

How many streets in Egmore have a guideline value?

There are 465 streets in Egmore under the Periamet SRO that carry a guideline value as of 2024.

What is the median guideline value for streets in Egmore?

The median guideline value for streets in Egmore is Rs 7,100 per sq.ft, based on the 2024 figures.

Where is the Sub Registrar Office for Mothibaba Lane located?

The Sub Registrar Office for Mothibaba Lane is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.