Guideline Value for THANGAVELU MUDALIYAR STREET

Thangavelu Mudaliyar Street guideline value

The current guideline value of Thangavelu Mudaliyar Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Matthur village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - III.

How the guideline value of Thangavelu Mudaliyar Street has changed

The guideline value for Thangavelu Mudaliyar Street has undergone several revisions over the years. In 2002, the guideline value was Rs 68 per sq.ft. This increased to Rs 80 per sq.ft in 2003, marking an 18% rise. The value then saw a significant increase to Rs 200 per sq.ft in 2007, which was a 150% jump. By 2012, the value reached Rs 1,000 per sq.ft, reflecting a 400% increase from the previous revision. However, in 2017, it decreased to Rs 670 per sq.ft, a decline of 33% from 2012. The value then increased to Rs 1,000 per sq.ft in 2023, followed by a further increase to Rs 1,100 per sq.ft in 2024, which is a 10% rise from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,518%. The register has no figures for the years not mentioned in the revisions.

Guideline values in Matthur

In Matthur village, there are a total of 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 among these streets is Rs 1,100 per sq.ft, which is equal to the guideline value of Thangavelu Mudaliyar Street.

• Telecom Nagar: Rs 1,100 per sq.ft (2024)
• Thirumurugan Nagar: Rs 1,100 per sq.ft (2024)
• Thirumurugan Nagar Phase I: Rs 1,100 per sq.ft (2024)
• Thiru.VI.Ka Nagar: Rs 1,100 per sq.ft (2024)
• T N H B Commercial Plots: Rs 3,300 per sq.ft (2024)
• Srinivasa Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thangavelu Mudaliyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty, charged at 7%, would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000. Together, the total cost for these fees would be Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thangavelu Mudaliyar Street?

The Sub Registrar Office that covers Thangavelu Mudaliyar Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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 minimum value of a property, ensuring that the registration fees and stamp duties are calculated accurately based on this value.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Thangavelu Mudaliyar Street?

The current guideline value of Thangavelu Mudaliyar Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 68 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, which is an overall increase of 1,518% over this period.

What is the land classification for Thangavelu Mudaliyar Street?

Thangavelu Mudaliyar Street is classified as Residential Special Type - III under the current land classification.

Where can I find the Sub Registrar Office for this street?

The Thiruvottiyur Sub Registrar Office covers Thangavelu Mudaliyar Street and is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties on this street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000.