Guideline Value for Old MTH Road

Old MTH Road guideline value

The current guideline value of Old MTH Road is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Special Type - I.

How the guideline value of Old MTH Road has changed

The guideline value for Old MTH Road has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 3,500 per sq.ft. This figure remained unchanged in the 2017 revision, where it dropped to Rs 2,345 per sq.ft. However, in the 2023 revision, it increased significantly to Rs 3,500 per sq.ft, marking a 49% increase from the 2017 value. The latest revision in 2024 has raised the guideline value to Rs 3,800 per sq.ft, reflecting a 9% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, positioning Old MTH Road's 2024 figure above this median.

• Old School Street: Rs 2,400 per sq.ft (2024)
• Old Eswaran Koil Street: Rs 2,400 per sq.ft (2024)
• Pachaiamman Street Devi nagar: Rs 2,400 per sq.ft (2024)
• Pachaiyamman Nagar: Rs 1,900 per sq.ft (2024)
• North Mada Street: Rs 2,400 per sq.ft (2024)
• North Mada 4th Cross Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Old MTH Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, totaling Rs 3,42,000. 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 Old MTH Road?

The Sub Registrar Office that covers Old MTH Road is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering a property in Thirumullaivoyal. It determines the minimum value at which a property can be registered, ensuring that the government collects appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for transactions. Buyers and sellers should be aware that the registration process will factor in the guideline value to calculate the necessary fees, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Old MTH Road?

The current guideline value of Old MTH Road is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,800 per sq.ft in 2024, representing a 9% increase. It was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012.

What is the land classification of Old MTH Road?

Old MTH Road is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Old MTH Road?

The Sub Registrar Office for Old MTH Road is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Thirumullaivoyal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 38,00,000 would incur a stamp duty of Rs 2,66,000 at 7%.