Guideline Value for MA.PO.SI STREET

Ma.Po.Si Street guideline value

The current guideline value of Ma.Po.Si Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - II.

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

The guideline value for Ma.Po.Si Street has undergone several revisions over the years. In 2003, the value was Rs 369 per sq.ft, which increased to Rs 550 per sq.ft in 2007. Following this, the value saw a significant jump to Rs 2,500 per sq.ft in 2012. However, it decreased to Rs 1,675 per sq.ft in 2017 before rising again to Rs 2,500 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 2,700 per sq.ft, marking an increase of 8% from the previous year.

To summarize the changes, the guideline value increased by 49% from 2017 to 2023, but saw a decrease of 33% from 2012 to 2017. The value surged by 355% from 2007 to 2012 and increased by 49% from 2003 to 2007. Overall, from 2003 to 2024, the guideline value has risen by 632%. The register has no figure for the year 2002 for this street.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the current guideline value of Ma.Po.Si Street.

• Mannarsamy Koil Street: Rs 4,300 per sq.ft (2024)
• Manimegalai Street: Rs 2,700 per sq.ft (2024)
• Manicka Vinayagar Koil Street: Rs 3,800 per sq.ft (2024)
• Mathiyazhagan Street: Rs 2,700 per sq.ft (2024)
• Mayor Krishnamurthy Street: Rs 2,200 per sq.ft (2024)
• Manali Salai: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Ma.Po.Si Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

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

The Purasaivakkam Sub Registrar Office covers Ma.Po.Si Street and is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Perambur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these charges are based on an official valuation rather than the sale price alone.

Frequently asked questions

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

The current guideline value of Ma.Po.Si Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly, starting from Rs 369 per sq.ft in 2003 and reaching Rs 2,700 per sq.ft in 2024. The highest increase was from 2007 to 2012, where it rose by 355%.

What is the land classification of Ma.Po.Si Street?

Ma.Po.Si Street is classified as Residential Class III Type - II, indicating its use for residential purposes.

Where can I find more information about the Purasaivakkam SRO?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find more information by visiting the official site.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at a rate of 7%.