Guideline Value for Mothilal Street

Mothilal Street guideline value

The current guideline value of Mothilal Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village under the Tiruvallur Joint 1 SRO, and it is classified as Residential Special Type - IV.

How the guideline value of Mothilal Street has changed

The guideline value for Mothilal Street has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, this figure dropped to Rs 1,675 per sq.ft in 2017. The 2023 revision set the value at Rs 2,500 per sq.ft, and the most recent revision in 2024 raised it to Rs 2,750 per sq.ft. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

From 2007 to 2012, the guideline value increased by 400%, but then decreased by 33% from 2012 to 2017. The value rebounded by 49% from 2017 to 2023, and then increased by 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 450%.

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 value for these streets is Rs 1,100 per sq.ft, placing Mothilal Street's 2024 figure above this median.

• Mosque Street: Rs 2,750 per sq.ft (2024)
• Mohamed ali street: Rs 1,430 per sq.ft (2024)
• Mohamed ali St lane-3: Rs 1,430 per sq.ft (2024)
• Mohamed ali St lane-2: Rs 1,430 per sq.ft (2024)
• Mohamed ali St lane-1: Rs 1,430 per sq.ft (2024)
• MGR Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Mothilal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total charges to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mothilal Street?

The Sub Registrar Office covering Mothilal 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 further assistance.

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 minimum price at which a property can be sold or bought, ensuring that the transaction is recorded accurately in the official registers.

When you register a property, the guideline value is used to calculate the stamp duty and registration fees. These charges are based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Mothilal Street?

The current guideline value of Mothilal Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 500 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 450% over the years.

What is the land classification for Mothilal Street?

Mothilal Street is classified as Residential Special Type - IV, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for Mothilal Street?

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

How is stamp duty calculated for properties in Thiruvallur?

Stamp duty for properties in Thiruvallur is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.