Guideline Value for M.E.S.SALAI

M.E.S.Salai guideline value

The current guideline value of M.E.S.Salai in Mukthapudupattu village, under the Avadi SRO, is Rs 802 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - II.

How the guideline value of M.E.S.Salai has changed

The guideline value for M.E.S.Salai has seen several revisions over the years. In 2002, the value was Rs 61 per sq.ft, which increased significantly to Rs 205 per sq.ft in 2007. Following that, the value rose to Rs 600 per sq.ft in 2012, but then saw a decrease to Rs 402 per sq.ft in 2017. The value remained unchanged at Rs 400 per sq.ft in 2023 before making a substantial jump to Rs 802 per sq.ft in 2024, marking an increase of 101% from the previous year.

Notably, there is no figure available for the year 2003 in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 1215%.

Guideline values in Mukthapudupattu

Mukthapudupattu has 37 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 804 per sq.ft, with a median value of Rs 802 per sq.ft. The guideline value for M.E.S.Salai is equal to this median.

• M.E.S.Salai 1st Street: Rs 802 per sq.ft (2024)
• M.E.S.Salai 2nd Street: Rs 802 per sq.ft (2024)
• Masoothi St: Rs 802 per sq.ft (2024)
• Maruthi Nagar: Rs 804 per sq.ft (2024)
• Main Road: Rs 802 per sq.ft (2024)
• Nadu Street(Center St): Rs 804 per sq.ft (2024)

Stamp duty and registration fee for property in M.E.S.Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 802 per sq.ft, the total guideline value would be Rs 8,02,000. The stamp duty at 7% would amount to Rs 56,140, while the registration fee at 2% would be Rs 16,040. Together, the total cost for these fees would be Rs 72,180. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers M.E.S.Salai?

The M.E.S.Salai area falls under the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mukthapudupattu. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

Additionally, the guideline value affects the calculation of stamp duty and registration fees, which are essential costs associated with property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of M.E.S.Salai?

The current guideline value of M.E.S.Salai is Rs 802 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 61 per sq.ft in 2002 to Rs 802 per sq.ft in 2024, marking an overall increase of 1215% over this period.

What is the land classification for M.E.S.Salai?

M.E.S.Salai is classified as Residential Class II Type - II.

Where is the Sub Registrar Office located for M.E.S.Salai?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How are stamp duty and registration fees calculated for properties in M.E.S.Salai?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For example, a 1,000 sq.ft plot at Rs 802 per sq.ft incurs a total guideline value of Rs 8,02,000.