Guideline Value for Mottai Garden 11th Lane

Mottai Garden 11th Lane guideline value

The current guideline value of Mottai Garden 11th Lane is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the jurisdiction of the Royapuram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Mottai Garden 11th Lane has changed

The guideline value for Mottai Garden 11th Lane has seen several revisions over the years. In 2012, the guideline value was set at Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, and further rose to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but the overall change from 2012 to 2024 shows a 10% increase. The revision years 2002, 2003, and 2007 have no figures recorded for this street in the register.

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 guideline value for the village is Rs 1,600 per sq.ft, placing Mottai Garden 11th Lane above this median.

• Mottai Garden 10th 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 11th Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mottai Garden 11th Lane?

The Mottai Garden 11th Lane is covered by the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

Frequently asked questions

What is the current guideline value of Mottai Garden 11th Lane?

The current guideline value of Mottai Garden 11th 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 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 11th Lane?

The land classification for Mottai Garden 11th Lane is Residential Class I Type - I.

Where can I find the registration office for Mottai Garden 11th Lane?

The registration office for Mottai Garden 11th Lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is stamp duty calculated for properties in Mottai Garden 11th Lane?

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