Guideline Value for MASOOTHY COLONY KAVERI STREET

Masoothy Colony Kaveri Street guideline value

The current guideline value of Masoothy Colony Kaveri Street is Rs 2,150 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village, under the Selaiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Masoothy Colony Kaveri Street has changed

Over the years, the guideline value of Masoothy Colony Kaveri Street has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value back to Rs 2,000 per sq.ft, and the latest 2024 revision has raised it to Rs 2,150 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, while the value increased by 49% from 2017 to 2023. The overall change from the 2012 revision to the 2024 revision shows an increase of 8%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft, with a median value of Rs 2,150 per sq.ft. Masoothy Colony Kaveri Street's 2024 guideline value matches this median.

• Masoothy Colony 5th Street: Rs 2,150 per sq.ft (2024)
• Masoothy Colony Main Road: Rs 2,150 per sq.ft (2024)
• Masoothy Colony 4th Street: Rs 2,150 per sq.ft (2024)
• Masoothy Colony 3rd Street: Rs 2,150 per sq.ft (2024)
• Masoothy Colony 1st Street: Rs 2,150 per sq.ft (2024)
• Masoothi Colony 2nd Street: Rs 2,150 per sq.ft (2024)

Stamp duty and registration fee for property in Masoothy Colony Kaveri Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,150 per sq.ft, the total guideline value would be Rs 21,50,000. The stamp duty at 7% would amount to Rs 1,50,500, and the registration fee at 2% would be Rs 43,000, bringing the total cost to Rs 1,93,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Masoothy Colony Kaveri Street?

The Sub Registrar Office that covers Masoothy Colony Kaveri Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value serves as a reference point for property transactions in Rajakilpakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Masoothy Colony Kaveri Street?

The current guideline value of Masoothy Colony Kaveri Street is Rs 2,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,150 per sq.ft in 2024.

What is the land classification of Masoothy Colony Kaveri Street?

Masoothy Colony Kaveri Street is classified as Residential Class I Type - I.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in Masoothy Colony Kaveri Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 1,50,500.