Guideline Value for MA.PA.SARATHI

Ma.Pa.Sarathi guideline value

The current guideline value for Ma.Pa.Sarathi in Vengathur village is Rs 700 per sq.ft, effective from 1 July 2024. This street falls under the Manavalanagar SRO and is classified as Residential Class II Type - I.

How the guideline value of Ma.Pa.Sarathi has changed

The guideline value for Ma.Pa.Sarathi has seen several revisions over the years. In 2007, the value was Rs 125 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012, marking a 460% rise. However, this figure remained unchanged until the 2017 revision, where it was set at Rs 469 per sq.ft, reflecting a decrease of 33%. The guideline value then rose again to Rs 700 per sq.ft in 2023, and it has remained the same in the 2024 revision, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 460%.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO that carry a guideline value for 2024, ranging from Rs 500 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, placing Ma.Pa.Sarathi's 2024 figure below this median.

• Ma.Po.See. Street: Rs 1,300 per sq.ft (2024)
• Maraimalai Adigal Street: Rs 1,300 per sq.ft (2024)
• Marudham Street: Rs 700 per sq.ft (2024)
• Marudhi Street: Rs 1,300 per sq.ft (2024)
• Manikandan Street: Rs 600 per sq.ft (2024)
• Mayar Chitti Babu Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Ma.Pa.Sarathi

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ma.Pa.Sarathi?

The Sub Registrar Office that covers Ma.Pa.Sarathi is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vengathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations and avoid any potential legal issues.

When a property is sold, the guideline value is used to calculate the applicable taxes, which are charged on the higher of the guideline value or the actual sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ma.Pa.Sarathi?

The current guideline value of Ma.Pa.Sarathi is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, then decreased to Rs 469 per sq.ft in 2017, and returned to Rs 700 per sq.ft in 2023 and 2024.

What is the land classification of Ma.Pa.Sarathi?

Ma.Pa.Sarathi is classified as Residential Class II Type - I under the Manavalanagar SRO.

How does the guideline value compare to other streets in Vengathur?

In Vengathur, the guideline value for Ma.Pa.Sarathi is below the median of Rs 1,000 per sq.ft, with other streets having values ranging from Rs 600 to Rs 1,300 per sq.ft.

Where is the Sub Registrar Office for Ma.Pa.Sarathi located?

The Sub Registrar Office for Ma.Pa.Sarathi is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.