Guideline Value for Mottai Garden 9th Lane

Mottai Garden 9th Lane guideline value

The current guideline value of Mottai Garden 9th 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 9th Lane has changed

The guideline value for Mottai Garden 9th Lane has undergone several revisions over the years. The earliest revision available is from 2012, where the guideline value was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in 2017. In 2023, the value increased to Rs 2,000 per sq.ft, and the latest revision in 2024 set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Specifically, the change from 2023 to 2024 was an increase of 10%, while the jump from 2017 to 2023 represented a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

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 value for these streets is Rs 1,600 per sq.ft, indicating that Mottai Garden 9th Lane's 2024 guideline value is above this median.

• Mottai Garden 8th Lane: Rs 2,200 per sq.ft (2024)
• Mottai Garden 7th Lane: Rs 2,200 per sq.ft (2024)
• Mottai Garden 6th Lane: Rs 2,200 per sq.ft (2024)
• Mottai Garden 5th Lane: Rs 2,200 per sq.ft (2024)
• Mottai Garden 4th 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 9th 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, 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mottai Garden 9th Lane?

The Sub Registrar Office covering Mottai Garden 9th 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 details.

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

The guideline value is used as a reference point for determining the stamp duty and registration fees when buying or selling property in Tondaiarpet. It ensures that the transaction is recorded at a fair value, reflecting the prevailing market conditions.

When a property is sold, the buyer and seller must ensure that the sale price is either equal to or greater than the guideline value to avoid any discrepancies during registration. This helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Mottai Garden 9th Lane?

The current guideline value of Mottai Garden 9th 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 median guideline value in Tondaiarpet?

The median guideline value for streets in Tondaiarpet is Rs 1,600 per sq.ft, which is below the current value of Mottai Garden 9th Lane.

What are the stamp duty and registration fees for property in Mottai Garden 9th Lane?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 1,98,000.

Which Sub Registrar Office covers Mottai Garden 9th Lane?

The Royapuram Sub Registrar Office covers Mottai Garden 9th Lane, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.