Guideline Value for T.T.Mathew Avenue

T.T.Mathew Avenue guideline value

The current guideline value of T.T.Mathew Avenue is Rs 3,601 per sq.ft, effective from 1 July 2024. This street is located in 5. Athipattu village, under the Konnur SRO, and is classified as Industries Type - II.

How the guideline value of T.T.Mathew Avenue has changed

The guideline value for T.T.Mathew Avenue has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 2,211 per sq.ft. This figure increased significantly to Rs 3,300 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 set the guideline value at Rs 3,601 per sq.ft, reflecting 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 recorded figures for T.T.Mathew Avenue in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in 5. Athipattu

In 5. Athipattu, the guideline values vary across 119 streets under the Konnur SRO, with figures ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, which indicates that T.T.Mathew Avenue's 2024 figure of Rs 3,601 per sq.ft is above the median.

• T.T. Mathew 1st Cross Street: Rs 3,600 per sq.ft (2024)
• T.T. Mathew Street: Rs 3,600 per sq.ft (2024)
• Udaiyarpalaiam: Rs 2,200 per sq.ft (2024)
• Ulaippalar Kalyanasundaram Street: Rs 2,200 per sq.ft (2024)
• Vaigai Street(ICF): Rs 2,400 per sq.ft (2024)
• Thulugathamman Kovil Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in T.T.Mathew Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,601 per sq.ft, the total guideline value would be Rs 36,01,000. The stamp duty at 7% would amount to Rs 2,52,070, and the registration fee at 2% would be Rs 72,020. Together, the total fees would be Rs 3,24,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers T.T.Mathew Avenue?

The Sub Registrar Office that covers T.T.Mathew Avenue is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, 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 buying or selling property in 5. Athipattu. It serves as a reference point for calculating the stamp duty and registration fees during the property registration process. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating the associated fees.

It is essential for both buyers and sellers to understand that the guideline value is periodically revised, reflecting changes in the local real estate market. This ensures that the values remain relevant and aligned with current market conditions.

Frequently asked questions

What is the current guideline value of T.T.Mathew Avenue?

The current guideline value of T.T.Mathew Avenue is Rs 3,601 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 2,211 per sq.ft to Rs 3,601 per sq.ft in 2024, marking an overall increase of 63%.

What is the median guideline value in 5. Athipattu?

The median guideline value in 5. Athipattu is Rs 2,200 per sq.ft, with T.T.Mathew Avenue's value being above this median.

What are the stamp duty and registration fees for a property in T.T.Mathew Avenue?

The stamp duty for a property in T.T.Mathew Avenue is 7%, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,24,090.

Which office handles registrations for T.T.Mathew Avenue?

The Konnur Sub Registrar Office handles registrations for T.T.Mathew Avenue, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.