Guideline Value for MA PO SI SALAI ( KAMALA COPY SHOP BACKSIDE)

Ma Po Si Salai ( Kamala Copy Shop Backside) guideline value

The current guideline value of Ma Po Si Salai ( Kamala Copy Shop Backside) is Rs 1,100 per sq.ft, effective from 1 July 2024. This property is located in Tiruttani village and falls under the Thiruttani SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Ma Po Si Salai ( Kamala Copy Shop Backside) has changed

The guideline value for Ma Po Si Salai has undergone several revisions over the years. The oldest recorded figure is from the 2017 revision, which was Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 set the value at Rs 1,100 per sq.ft, representing a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no recorded figures for this street in the revisions of 2002, 2003, 2007, and 2012.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value, ranging from Rs 548 to Rs 1,540 per sq.ft. The median value for these streets is Rs 825 per sq.ft, placing Ma Po Si Salai ( Kamala Copy Shop Backside) above this median.

• Ma Po Si Salai (Chetty Street To Kandapppa Nayakan Street): Rs 1,100 per sq.ft (2024)
• Ma Po Si Salai (Kandappa Naicken Street To Kamala Rise Mill): Rs 1,100 per sq.ft (2024)
• Mahavishnu Nagar: Rs 1,375 per sq.ft (2024)
• Mettu Street: Rs 990 per sq.ft (2024)
• Mettu Street Lane: Rs 990 per sq.ft (2024)
• Mgr Nagar 1st Lane: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Ma Po Si Salai ( Kamala Copy Shop Backside)

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ma Po Si Salai ( Kamala Copy Shop Backside)?

The Sub Registrar Office that covers Ma Po Si Salai ( Kamala Copy Shop Backside) is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Tiruttani. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property. This value serves as a benchmark for the registration process, ensuring that all transactions are recorded at a fair and standardized rate.

When selling a property, the guideline value helps establish the minimum price at which a property can be sold, as it is often referenced during negotiations and legal documentation. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Ma Po Si Salai ( Kamala Copy Shop Backside)?

The current guideline value of Ma Po Si Salai ( Kamala Copy Shop Backside) 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 from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and then to Rs 1,100 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

Where can I find the Thiruttani Sub Registrar Office?

The Thiruttani Sub Registrar Office is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

What is the stamp duty for a property in Ma Po Si Salai?

The stamp duty for a property in Ma Po Si Salai is 7% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000.

What is the land classification of Ma Po Si Salai?

The land classification of Ma Po Si Salai ( Kamala Copy Shop Backside) is Commercial Class I Type - I, indicating its suitability for commercial activities.