Guideline Value

Corporate

Guideline Value for Mottai Garden 1st Lane

₹2200/sq.ft.

The guideline value for Mottai Garden 1st Lane in Tondaiarpet village (Royapuram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tondaiarpet

Village

Royapuram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.
044-25960108
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Mottai Garden 1st Lane

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Mottai Garden 1st Lane guideline value

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

How the guideline value of Mottai Garden 1st Lane has changed

The guideline value for Mottai Garden 1st Lane has seen significant changes over the years. In 2007, the guideline value was Rs 700 per sq.ft. This figure rose to Rs 2,000 per sq.ft in the 2023 revision, marking an increase of 186%. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 214%. It is important to note that the register has no figures for the years 2002, 2003, 2012, and 2017 for this street.

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 in this village is Rs 1,600 per sq.ft, and Mottai Garden 1st Lane's 2024 figure is above this median.

Stamp duty and registration fee for property in Mottai Garden 1st 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 cost for these fees 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.

You can also use the stamp duty and registration fee calculator to estimate your costs.

Which Sub Registrar Office covers Mottai Garden 1st Lane?

The Sub Registrar Office covering Mottai Garden 1st 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 factor in property transactions in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property. When registering a property, the higher value between the guideline value and the sale price is used to calculate these fees.

Understanding the guideline value helps both buyers and sellers navigate the registration process more effectively. It ensures that all parties are aware of the financial obligations associated with the transaction, making it an essential aspect of property dealings in the area.

Frequently asked questions

What is the current guideline value of Mottai Garden 1st Lane?

The current guideline value of Mottai Garden 1st 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 significantly from Rs 700 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024. There were no figures available for the years 2002, 2003, 2012, and 2017 for this street.

What is the land classification for Mottai Garden 1st Lane?

The land classification for Mottai Garden 1st Lane is Residential Class I Type - I. This classification indicates the type of residential use permitted in the area.

What are the stamp duty and registration fees for property in Mottai Garden 1st Lane?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles registrations for Mottai Garden 1st Lane?

The Royapuram Sub Registrar Office handles registrations for Mottai Garden 1st Lane. It is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.