Guideline Value for MASOOTHI ST

Masoothi St guideline value

The current guideline value for Masoothi St in Mukthapudupattu village is Rs 802 per sq.ft, effective from 1 July 2024. This area falls under the Avadi SRO and is classified as Residential Class II Type - II.

How the guideline value of Masoothi St has changed

The guideline value for Masoothi St has seen several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 600 per sq.ft. This was followed by a decrease in 2017 to Rs 402 per sq.ft, and it remained unchanged in the 2023 revision at Rs 400 per sq.ft. The most recent revision in 2024 saw a significant increase to Rs 802 per sq.ft, marking a 101% rise from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 34%. It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mukthapudupattu

Mukthapudupattu village has a total of 37 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 804 per sq.ft. The median value for these streets is Rs 802 per sq.ft, which is the same as the guideline value for Masoothi St.

• Maruthi Nagar: Rs 804 per sq.ft (2024)
• M.E.S.Salai: Rs 802 per sq.ft (2024)
• M.E.S.Salai 1st Street: Rs 802 per sq.ft (2024)
• M.E.S.Salai 2nd Street: Rs 802 per sq.ft (2024)
• Main Road: Rs 802 per sq.ft (2024)
• Nadu Street(Center St): Rs 804 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 802 per sq.ft, the total guideline value amounts to Rs 8,02,000. The stamp duty, charged at 7%, would be Rs 56,140, while the registration fee at 2% would be Rs 16,040, bringing the total fees to Rs 72,180. Please note that the duty is charged on the higher of the guideline value and the sale price. 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 Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when buying or selling property in Mukthapudupattu. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers should be aware that the guideline value may influence the overall transaction cost, including stamp duty and registration fees.

When a property is sold, the guideline value is used to calculate the applicable taxes and fees. It ensures that the government receives the appropriate revenue from property transactions, reflecting the value of real estate in the area.

Frequently asked questions

What is the current guideline value of Masoothi St?

The current guideline value of Masoothi St is Rs 802 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 802 per sq.ft in 2024, with various revisions in between, including a significant increase of 101% from 2023 to 2024.

What is the classification of land in Masoothi St?

Masoothi St is classified as Residential Class II Type - II under the guideline value register.

Where can I find the Sub Registrar Office for Masoothi St?

The Avadi Sub Registrar Office covers Masoothi St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, the total fees for a 1,000 sq.ft plot at the current rate would be Rs 72,180.