Guideline Value for MASQUE ST

Masque St guideline value

The current guideline value of Masque St in Ponneri village, under the Ponneri SRO, is Rs 700 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Masque St has changed

The guideline value for Masque St has undergone several revisions over the years. The earliest available figure is from 2012, which was Rs 500 per sq.ft. This increased to Rs 469 per sq.ft in 2017, before rising significantly to Rs 700 per sq.ft in both the 2023 and 2024 revisions. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 6%. However, from 2017 to 2023, it saw a substantial increase of 49%. The overall change from 2012 to 2024 is an increase of 40%, with the current rate remaining the same from 2023 to 2024.

Guideline values in Ponneri

Ponneri village has a range of guideline values across its 120 streets under the Ponneri SRO, with figures ranging from Rs 201 to Rs 1,200 per sq.ft. The median value is Rs 700 per sq.ft, which is the same as the current guideline value for Masque St.

• Maruthi Nagar: Rs 700 per sq.ft (2024)
• M.G.R. Nagar: Rs 700 per sq.ft (2024)
• Madhina Palli Vasal: Rs 1,200 per sq.ft (2024)
• Mugambigai Extension: Rs 700 per sq.ft (2024)
• Mugambigai Nagar Layout: Rs 700 per sq.ft (2024)
• Lakshmi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Masque St

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Masque St?

The Sub Registrar Office that covers Masque St is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ponneri. It serves as a reference point for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

When a property is registered, the guideline value helps determine the legal and financial obligations of both the buyer and seller. It is essential to be aware of the current guideline value to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Masque St?

The current guideline value of Masque St is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Masque St has changed from Rs 500 per sq.ft in 2012 to Rs 700 per sq.ft in 2024, with a significant increase of 49% from 2017 to 2023.

What is the land classification for Masque St?

The land classification for Masque St is Residential Class II Type - I, indicating its suitability for residential purposes.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for property in Masque St?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at a rate of 7%.