Guideline Value for MA.PO.SI. Street

MA.PO.SI. Street guideline value

The current guideline value of MA.PO.SI. Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class III Type - I.

How the guideline value of MA.PO.SI. Street has changed

In the 2007 revision, the guideline value was Rs 250 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 1,800 per sq.ft, marking a 620% increase. However, in the 2017 revision, the value decreased to Rs 1,206 per sq.ft, representing a decline of 33%. The 2023 revision saw another increase, bringing the value to Rs 1,800 per sq.ft, followed by a further increase to Rs 1,980 per sq.ft in the 2024 revision, reflecting a 10% rise.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 692%. It is important to note that the register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,310 per sq.ft, indicating that MA.PO.SI. Street's 2024 figure is below this median.

• Maraimalai Adikal Street: Rs 2,310 per sq.ft (2024)
• Manju Garden: Rs 1,650 per sq.ft (2024)
• Manimegalai Street: Rs 2,310 per sq.ft (2024)
• Manikkavasakar Street: Rs 1,650 per sq.ft (2024)
• Masoothi Street: Rs 1,650 per sq.ft (2024)
• M.A.V.Ramraja Avenue: Rs 2,970 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 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is essential 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 information.

Which Sub Registrar Office covers MA.PO.SI. Street?

The Sub Registrar Office that covers MA.PO.SI. Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Perungalathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. Buyers must be aware that the registration fees and stamp duty are calculated based on this value or the sale price, whichever is higher.

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 1,980 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 250 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, showing an overall increase of 692% over the years.

What is the land classification of MA.PO.SI. Street?

MA.PO.SI. Street is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Where can I find the Sub Registrar Office for MA.PO.SI. Street?

The Sub Registrar Office for MA.PO.SI. Street is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.