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Guideline Value

Corporate

Guideline Value for Mottai Garden 7th Lane

₹2200/sq.ft.

The guideline value for Mottai Garden 7th 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 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
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 7th Lane

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Mottai Garden 7th Lane guideline value

The current guideline value of Mottai Garden 7th Lane is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Mottai Garden 7th Lane has changed

The guideline value for Mottai Garden 7th Lane has seen several revisions over the years. The 2007 revision set the value at Rs 700 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, the value then decreased to Rs 1,340 per sq.ft in 2017. Following this, a notable increase occurred with the 2023 revision, which raised the guideline value to Rs 2,000 per sq.ft, and the most recent 2024 revision has established it at Rs 2,200 per sq.ft. There are no figures available for the years 2002 and 2003 for this street.

In summary, from 2007 to 2024, the guideline value has increased by 214%. The increase from 2017 to 2023 was 49%, and from 2023 to 2024, it rose by 10%. The value fluctuated between 2012 and 2017 with a decrease of 33%, while the jump from 2007 to 2012 was a remarkable 186%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1384 streets under the Royapuram SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft, with a median value of Rs 1,600 per sq.ft. Mottai Garden 7th Lane's current guideline value of Rs 2,200 per sq.ft is above this median.

Stamp duty and registration fee for property in Mottai Garden 7th Lane

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the 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, totaling Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Mottai Garden 7th Lane?

The Mottai Garden 7th Lane area falls under the jurisdiction of the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in property transactions in Tondaiarpet. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value helps ensure that the transaction is recorded accurately and fairly in the official records.

When selling property, the guideline value provides a benchmark for the minimum value at which the property can be registered. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Mottai Garden 7th Lane?

The current guideline value of Mottai Garden 7th 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 several times, increasing from Rs 700 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting a total increase of 214% over this period.

What is the stamp duty on property in Mottai Garden 7th Lane?

The stamp duty for property in Mottai Garden 7th Lane is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 1,54,000.

Which office handles registrations for Mottai Garden 7th Lane?

The Royapuram Sub Registrar Office handles registrations for Mottai Garden 7th Lane, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What are the guideline values for other streets in Tondaiarpet?

Other streets in Tondaiarpet have a guideline value of Rs 2,200 per sq.ft for the year 2024, including Mottai Garden 6th Lane, 8th Lane, 5th Lane, 9th Lane, 4th Lane, and 3rd Lane.