Guideline Value for MASQUE ST

Masque St guideline value

The current guideline value of Masque St in Ponneri_2 village, under the Ponneri SRO, is Rs 700 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Masque St has changed

The guideline value for Masque St has undergone several revisions over the years. The register shows no figures for the years 2002, 2003, 2007, and 2012. In the 2017 revision, the guideline value was set at Rs 469 per sq.ft. This figure increased to Rs 700 per sq.ft in the 2023 revision, marking a 49% increase from 2017. The 2024 revision maintained the value at Rs 700 per sq.ft, resulting in no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%. The consistency in the guideline value between 2023 and 2024 indicates stability at the current rate.

Guideline values in Ponneri_2

In Ponneri_2, there are 75 streets under the Ponneri SRO that have a 2024 guideline value ranging from Rs 700 to Rs 1,300 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Masque St's 2024 figure at the median.

• Madhina Palli Vasal: Rs 1,200 per sq.ft (2024)
• Madhavan Road / Nagar: Rs 702 per sq.ft (2024)
• Lucky Star City: Rs 700 per sq.ft (2024)
• Lakshmi Nagar: Rs 700 per sq.ft (2024)
• Lakshmi Amman Kovil Street: Rs 700 per sq.ft (2024)
• Kulakkarai Street: 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 rate of Rs 700 per sq.ft, the 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, totaling Rs 63,000. It's important 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 further calculations.

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. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value is a crucial factor during the registration of property transactions in Ponneri_2. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This ensures transparency and consistency in property transactions within the region.

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 was Rs 469 per sq.ft in 2017, increased to Rs 700 per sq.ft in 2023, and remains the same in 2024. There are no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification for Masque St?

Masque St is classified as Residential Class II Type - I. This classification indicates the type of development and usage permitted in the area.

What are the stamp duty and registration fees for a property in Masque St?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000, and the registration fee would be Rs 14,000, totaling Rs 63,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Masque St is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information online.