Guideline Value for T N H B COMMERCIAL PLOTS

T N H B Commercial Plots guideline value

The current guideline value for T N H B Commercial Plots in Matthur village is Rs 3,300 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the Thiruvottiyur SRO and is classified as Commercial Special Type - I.

How the guideline value of T N H B Commercial Plots has changed

The guideline value for this street has undergone several revisions over the years. The earliest revision available is from 2012, where the guideline value was Rs 3,000 per sq.ft. In 2017, it decreased to Rs 2,010 per sq.ft, marking a reduction of 33%. The value then increased significantly to Rs 3,000 per sq.ft in 2023, followed by another increase to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The revision from 2017 to 2023 saw a substantial rise of 49%, while the jump from 2023 to 2024 was a more modest increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Matthur

In Matthur, there are 66 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, indicating that T N H B Commercial Plots is positioned above this median.

• Thiru.VI.Ka Nagar: Rs 1,100 per sq.ft (2024)
• Thirumurugan Nagar Phase I: Rs 1,100 per sq.ft (2024)
• Thirumurugan Nagar: Rs 1,100 per sq.ft (2024)
• Thangavelu Mudaliyar Street: Rs 1,100 per sq.ft (2024)
• Telecom Nagar: Rs 1,100 per sq.ft (2024)
• Vijay Ganapathy Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in T N H B Commercial Plots

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that 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 for more precise calculations.

Which Sub Registrar Office covers T N H B Commercial Plots?

The T N H B Commercial Plots are covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Matthur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price of the property.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly affects the overall costs involved in the transaction. Buyers and sellers should ensure that they are informed about these values to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value for T N H B Commercial Plots?

The current guideline value for T N H B Commercial Plots in Matthur village is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 3,000 per sq.ft in 2012, decreasing to Rs 2,010 per sq.ft in 2017, and then increasing to Rs 3,000 per sq.ft in 2023, followed by Rs 3,300 per sq.ft in 2024.

What is the median guideline value for streets in Matthur?

The median guideline value for the 66 streets in Matthur is Rs 1,100 per sq.ft, with T N H B Commercial Plots being above this median.

What are the stamp duty and registration fees for T N H B Commercial Plots?

For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 33,00,000. The stamp duty is Rs 2,31,000, and the registration fee is Rs 66,000, totaling Rs 2,97,000.

Which office handles the registration for T N H B Commercial Plots?

The registration for T N H B Commercial Plots is handled by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.