Guideline Value for MASOOTHI ST

Masoothi St guideline value

The current guideline value of Masoothi St in Walajabad village is Rs 750 per sq.ft, effective from 1 July 2024. This street falls under the Walajabad Sub Registrar Office (SRO) and is classified as Residential Class IV Type - I.

How the guideline value of Masoothi St has changed

The guideline value for Masoothi St has undergone several revisions over the years. In the 2003 revision, the value was Rs 40 per sq.ft, which saw a significant increase to Rs 750 per sq.ft in the 2012 revision. However, it then decreased to Rs 502 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 750 per sq.ft, which remains unchanged in the 2024 revision.

From 2003 to 2012, there was a remarkable increase of 1775%, but this was followed by a decrease of 33% from 2012 to 2017. The value increased by 49% from 2017 to 2023, and overall, from 2003 to 2024, the guideline value has increased by 1775%. The register has no figures for the years 2002 and 2007 for this street.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a guideline value for 2024, ranging from Rs 400 to Rs 2,000 per sq.ft. The median value is Rs 750 per sq.ft, making Masoothi St's current value equal to this median.

• Masthan Hajith Dharkar Street: Rs 750 per sq.ft (2024)
• Marvel Residency: Rs 1,000 per sq.ft (2024)
• Masthan Vali Darga St: Rs 750 per sq.ft (2024)
• M.D.Nagar: Rs 500 per sq.ft (2024)
• Mariyamman Kovil St: Rs 750 per sq.ft (2024)
• Meevar Colony Kamarajar Srteet: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Masoothi St

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total fees to Rs 67,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Masoothi St?

The Sub Registrar Office that covers Masoothi St is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor during the registration of property transactions in Walajabad. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

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 and fees. This ensures that the government collects the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Masoothi St?

The current guideline value of Masoothi St is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 40 per sq.ft in 2003 to Rs 750 per sq.ft in 2012, then decreasing to Rs 502 per sq.ft in 2017. It has remained at Rs 750 per sq.ft since the 2023 revision.

What is the land classification for Masoothi St?

Masoothi St is classified as Residential Class IV Type - I under the Walajabad SRO.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located on Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated for properties on Masoothi St?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 7,50,000, the stamp duty at 7% would be Rs 52,500.