Guideline Value for NEW POLICE LINE

₹1110/sq.ft.

The guideline value for New Police Line in Mathuranthagam village (Madurandakam SRO, Chengalpattu zone) is Rs 1110 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Mathuranthagam

Village

Madurandakam

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1110 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /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)

No.53, Old Taluk Office Road, Maduranthakam-603306
044-27555138
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on New Police Line

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New Police Line guideline value

The current guideline value of New Police Line in Mathuranthagam village is Rs 1,110 per sq.ft, effective from 1 July 2024. This area falls under the Madurandakam Sub Registrar Office (SRO) and is classified as Residential Special Type - I.

How the guideline value of New Police Line has changed

The guideline value for New Police Line has undergone several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 600 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, followed by a decrease to Rs 670 per sq.ft in 2017. The value then rose significantly to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,110 per sq.ft as of the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

Between the revisions, notable changes include a 67% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and an 11% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 85%.

Guideline values in Mathuranthagam

In Mathuranthagam, there are 109 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,480 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, making the New Police Line's 2024 figure above that median.

Stamp duty and registration fee for property in New Police Line

For a 1,000 sq.ft plot at the current guideline value of Rs 1,110 per sq.ft, the total guideline value would be Rs 11,10,000. The stamp duty at 7% would amount to Rs 77,700, and the registration fee at 2% would be Rs 22,200, bringing the total cost to Rs 99,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Police Line?

The New Police Line area is covered by the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Mathuranthagam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction reflects a fair value in accordance with the local regulations.

When buying or selling property, it is essential to consider the guideline value as it affects the stamp duty and registration fees applicable to the transaction. Buyers should be aware that these costs can significantly impact the overall expenses involved in a property purchase.

Frequently asked questions

What is the current guideline value of New Police Line?

The current guideline value of New Police Line is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 600 per sq.ft in 2007 to Rs 1,110 per sq.ft in 2024, with various fluctuations in between.

What is the classification of land in New Police Line?

The land classification for New Police Line is Residential Special Type - I, indicating its intended use for residential purposes.

Where can I find the registration office for New Police Line?

The registration office for New Police Line is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum price for property registration and affects the stamp duty and registration fees charged during a transaction.