Guideline Value for Mottai Garden 10th Lane

Mottai Garden 10th Lane guideline value

The current guideline value of Mottai Garden 10th Lane is Rs 2,200 per sq.ft. This street is located in Tondaiarpet village, under the Royapuram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Mottai Garden 10th Lane has changed

The guideline value for Mottai Garden 10th Lane has undergone several revisions over the years. In 2012, the value was set at Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 2,000 per sq.ft, and the latest revision in 2024 has increased it to Rs 2,200 per sq.ft. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 reflects a modest increase of 10%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, placing Mottai Garden 10th Lane above the median at Rs 2,200 per sq.ft.

• Mottai Garden 11th Lane: Rs 2,200 per sq.ft (2024)
• Mottai Garden 12th Lane: Rs 2,200 per sq.ft (2024)
• Mottai Garden 13th Lane: Rs 2,200 per sq.ft (2024)
• Mottai Garden 1st Lane: Rs 2,200 per sq.ft (2024)
• Mottai Garden 2nd Lane: Rs 2,200 per sq.ft (2024)
• Mottai Garden 3rd Lane: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Mottai Garden 10th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mottai Garden 10th Lane?

The Sub Registrar Office that covers Mottai Garden 10th Lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial reference point during property transactions in Tondaiarpet. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when registering a property.

When a property is sold, the guideline value helps establish a baseline for the transaction, ensuring that the fees are calculated fairly based on the established rates for the area.

Frequently asked questions

What is the current guideline value of Mottai Garden 10th Lane?

The current guideline value of Mottai Garden 10th Lane is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Mottai Garden 10th Lane?

The land classification for Mottai Garden 10th Lane is Residential Class I Type - I.

Where can I find the Sub Registrar Office for Mottai Garden 10th Lane?

The Sub Registrar Office for Mottai Garden 10th Lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is the stamp duty calculated for properties in Mottai Garden 10th Lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.