Guideline Value for MA.PO.SEE. STREET

Ma.Po.See. Street guideline value

The current guideline value of Ma.Po.See. Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Vengathur village, under the Manavalanagar SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Ma.Po.See. Street has changed

The guideline value for Ma.Po.See. Street has seen several revisions over the years. In the 2007 revision, the value was Rs 150 per sq.ft, which increased significantly to Rs 1,300 per sq.ft in the 2012 revision. However, it then decreased to Rs 871 per sq.ft in 2017, before rising again to Rs 1,300 per sq.ft in both the 2023 and 2024 revisions. Notably, there are no figures available for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The transition from 2012 to 2017 saw a decline of 33%. The remarkable increase from 2007 to 2012 was 767%, and overall, from 2007 to 2024, the guideline value has increased by 767%.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO, with 2024 guideline values ranging from Rs 500 to Rs 2,000 per sq.ft. The median guideline value in this village is Rs 1,000 per sq.ft, placing Ma.Po.See. Street's 2024 figure above this median.

• Ma.Pa.Sarathi: Rs 700 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.Po.See. Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ma.Po.See. Street?

The Sub Registrar Office that covers Ma.Po.See. Street 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 is a crucial factor in the registration process when buying or selling property in Vengathur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized assessment of property values in the area.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures that both the buyer and seller are aware of the official value of the property, which is essential for legal and financial transactions.

Frequently asked questions

What is the current guideline value of Ma.Po.See. Street?

The current guideline value of Ma.Po.See. Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 150 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2012, then decreased to Rs 871 per sq.ft in 2017, and returned to Rs 1,300 per sq.ft in both 2023 and 2024.

What is the classification of Ma.Po.See. Street?

Ma.Po.See. Street is classified as Commercial Class I Type - III, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for Ma.Po.See. Street?

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

How is the stamp duty calculated for properties in Ma.Po.See. Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 13,00,000 would incur a stamp duty of Rs 91,000 at 7%.