Guideline Value for MA PO SI SALAI (CHETTY STREET TO KANDAPPPA NAYAKAN STREET)

Ma Po Si Salai (Chetty Street To Kandapppa Nayakan Street) guideline value

The current guideline value for Ma Po Si Salai (Chetty Street To Kandapppa Nayakan Street) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village, under the Thiruttani SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Ma Po Si Salai (Chetty Street To Kandapppa Nayakan Street) has changed

The guideline value for Ma Po Si Salai (Chetty Street To Kandapppa Nayakan Street) has seen significant changes over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The most recent 2024 revision has further increased this to Rs 1,100 per sq.ft, marking a 10% increase from the previous year. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value rose by 49%, and the overall increase from 2017 to 2024 is 64%. This indicates a substantial rise in the guideline value over the years, reflecting changes in the real estate landscape.

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 guideline value for these streets is Rs 825 per sq.ft, placing Ma Po Si Salai (Chetty Street To Kandapppa Nayakan Street) above this median.

• Ma Po Si Salai ( Kamala Copy Shop Backside): 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 (Chetty Street To Kandapppa Nayakan Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total 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, bringing the total fees together to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ma Po Si Salai (Chetty Street To Kandapppa Nayakan Street)?

The Sub Registrar Office that covers Ma Po Si Salai (Chetty Street To Kandapppa Nayakan Street) 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 information.

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

The guideline value is crucial when buying or selling property in Tiruttani, as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value serves as a reference point for taxation purposes. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, ensuring that the transaction is recorded accurately in the official register.

Frequently asked questions

What is the current guideline value for Ma Po Si Salai (Chetty Street To Kandapppa Nayakan Street)?

The current guideline value for Ma Po Si Salai (Chetty Street To Kandapppa Nayakan 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 increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking a total increase of 64% over this period. The value rose from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, a 10% increase.

What is the land classification for this street?

Ma Po Si Salai (Chetty Street To Kandapppa Nayakan Street) is classified as Commercial Class I Type - I, indicating its commercial usage potential.

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.

How is the stamp duty calculated for properties in this area?

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