Guideline Value

Corporate

Guideline Value for T.T. Mathew 1st Cross Street

₹3600/sq.ft.

The guideline value for T.t. Mathew 1st Cross Street in 5. Athipattu village (Konnur SRO, Chennai zone) is Rs 3600 per sq.ft, effective 1 July 2024. It was Rs 3300 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

5. Athipattu

Village

Konnur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3600 /sq.ft.
From 1-4-2023 ₹3300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2211 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[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 T.t. Mathew 1st Cross Street

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T.T. Mathew 1st Cross Street guideline value

The current guideline value of T.T. Mathew 1st Cross Street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in 5. Athipattu village, under the Konnur SRO, and is classified as Residential Special Type - II.

How the guideline value of T.T. Mathew 1st Cross Street has changed

The guideline value for T.T. Mathew 1st Cross Street has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 2,211 per sq.ft. This increased significantly to Rs 3,300 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 3,600 per sq.ft, representing a 9% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 63%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, making the current guideline value of T.T. Mathew 1st Cross Street above this median.

Stamp duty and registration fee for property in T.T. Mathew 1st Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 3,600 per sq.ft, the guideline value would be Rs 36,00,000. The stamp duty at 7% would amount to Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, totaling Rs 3,24,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers T.T. Mathew 1st Cross Street?

The Sub Registrar Office that covers T.T. Mathew 1st Cross Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a crucial factor when registering property transactions in 5. Athipattu. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the transaction is recorded accurately in the government records.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these costs are calculated based on the guideline value or the sale price, whichever is higher, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of T.T. Mathew 1st Cross Street?

The current guideline value of T.T. Mathew 1st Cross Street is Rs 3,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 63% to the current rate of Rs 3,600 per sq.ft in 2024. The most significant change occurred from 2023 to 2024, with a 9% increase.

What are the other streets in 5. Athipattu and their guideline values?

Other streets in 5. Athipattu include T.T.Mathew Avenue at Rs 3,601 per sq.ft, T.T. Mathew Street at Rs 3,600 per sq.ft, and several others ranging from Rs 1,600 to Rs 2,400 per sq.ft.

What fees are involved when registering property in T.T. Mathew 1st Cross Street?

When registering property, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher. For example, on a 1,000 sq.ft plot, the total fees would amount to Rs 3,24,000.

Where can I find the Sub Registrar Office for T.T. Mathew 1st Cross Street?

The Konnur Sub Registrar Office covers T.T. Mathew 1st Cross Street and is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.