Guideline Value for MAASUMSHA HIGH WAY MEGA CITY

Maasumsha High Way Mega City guideline value

The current guideline value of Maasumsha High Way Mega City is Rs 602 per sq.ft, effective from 1 July 2024. This property is located in Karunguzhi village under the Madurandakam SRO, classified as Residential Special Type - I.

How the guideline value of Maasumsha High Way Mega City has changed

Over the years, the guideline value for Maasumsha High Way Mega City has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft. Following this, the 2023 revision increased the value to Rs 600 per sq.ft, and the latest 2024 revision has set it at Rs 602 per sq.ft, showing no change from the previous year.

In summary, from 2012 to 2024, the overall guideline value has remained the same at Rs 602 per sq.ft. The significant changes include a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karunguzhi

In Karunguzhi, there are 37 streets under the Madurandakam SRO with a 2024 guideline value ranging from Rs 401 to Rs 1,000 per sq.ft, with a median of Rs 401 per sq.ft. The guideline value of Maasumsha High Way Mega City is above this median.

• Madura Nagar Phase-I: Rs 501 per sq.ft (2024)
• Madura Nagar Phase-II: Rs 501 per sq.ft (2024)
• Malaipalayam: Rs 401 per sq.ft (2024)
• Malaipalayam Periya Colony: Rs 401 per sq.ft (2024)
• Mallali Pettai: Rs 600 per sq.ft (2024)
• KEEZHANDAI COLONY (a) VALLUVAR STREET: Rs 401 per sq.ft (2024)

Stamp duty and registration fee for property in Maasumsha High Way Mega City

For a 1,000 sq.ft plot at the current guideline value of Rs 602 per sq.ft, the total guideline value amounts to Rs 6,02,000. The stamp duty at 7% would be Rs 42,140, and the registration fee at 2% would be Rs 12,040, bringing the total fees to Rs 54,180. Please 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 Maasumsha High Way Mega City?

The Maasumsha High Way Mega City falls under the jurisdiction of the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Karunguzhi. It is used to determine the stamp duty and registration fees that must be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Maasumsha High Way Mega City?

The current guideline value of Maasumsha High Way Mega City is Rs 602 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and is currently at Rs 602 per sq.ft in 2024.

What is the land classification for Maasumsha High Way Mega City?

The land classification for Maasumsha High Way Mega City is Residential Special Type - I.

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

For a property valued at Rs 6,02,000, the stamp duty is Rs 42,140, and the registration fee is Rs 12,040, totaling Rs 54,180.

Where can I find the Sub Registrar Office for Maasumsha High Way Mega City?

The Sub Registrar Office for Maasumsha High Way Mega City is the Madurandakam SRO, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.