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Guideline Value

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Guideline Value for MASOOTHI ST, (RAILWAY LINE NORTHERN SIDE)

₹1980/sq.ft.

The guideline value for Masoothi St, (railway Line Northern Side) in Thandurai village (Avadi SRO, Chennai zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thandurai

Village

Avadi

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Masoothi St, (railway Line Northern Side)

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Masoothi St, (Railway Line Northern Side) guideline value

The current guideline value of Masoothi St, (Railway Line Northern Side) is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village under the Avadi Sub Registrar Office (SRO) and is classified as Commercial Class I Type - II.

How the guideline value of Masoothi St, (Railway Line Northern Side) has changed

In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. This figure decreased significantly in the 2017 revision to Rs 804 per sq.ft, marking a decline of 33%. Following this, the value saw a substantial increase to Rs 1,800 per sq.ft in the 2023 revision, which represented a 124% rise. The current figure of Rs 1,980 per sq.ft in the 2024 revision reflects a further increase of 10% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 65%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thandurai

Thandurai village has a total of 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, placing Masoothi St, (Railway Line Northern Side) above this median.

Stamp duty and registration fee for property in Masoothi St, (Railway Line Northern Side)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total charges 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 on fees.

Which Sub Registrar Office covers Masoothi St, (Railway Line Northern Side)?

The Sub Registrar Office that covers Masoothi St, (Railway Line Northern Side) is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that all transactions are fairly assessed according to the established values in the area.

Frequently asked questions

What is the current guideline value of Masoothi St, (Railway Line Northern Side)?

The current guideline value of Masoothi St, (Railway Line Northern Side) 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 seen significant changes, increasing from Rs 1,200 per sq.ft in 2012 to Rs 1,980 per sq.ft in 2024. The most notable increase occurred between 2017 and 2023, where it rose from Rs 804 per sq.ft to Rs 1,800 per sq.ft.

What is the land classification of Masoothi St, (Railway Line Northern Side)?

Masoothi St, (Railway Line Northern Side) is classified as Commercial Class I Type - II. This classification can affect the types of developments and activities permitted on the property.

What are the registration fees for properties in Masoothi St, (Railway Line Northern Side)?

The registration fees for properties are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total charge of Rs 1,78,200, including stamp duty and registration fees.

Which office handles property registrations in Thandurai?

The Avadi Sub Registrar Office handles property registrations in Thandurai. It is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.