Guideline Value for MASTHAN SAHIB STREET (WARD -8)

Masthan Sahib Street (Ward -8) guideline value

The current guideline value of Masthan Sahib Street (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - III.

How the guideline value of Masthan Sahib Street (Ward -8) has changed

The guideline value for Masthan Sahib Street has undergone several revisions over the years. In 2012, the guideline value was Rs 1,600 per sq.ft, which then decreased to Rs 1,072 per sq.ft in 2017. Following this, there was a significant increase to Rs 1,600 per sq.ft in 2023, and the current value stands at Rs 1,760 per sq.ft as of the 2024 revision. Notably, the register has no figures for the years 2002, 2003, and 2007.

From the 2012 revision to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 reflects a 10% increase, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for the village is Rs 990 per sq.ft, positioning Masthan Sahib Street's 2024 value above this median.

• Maruthupandiya Street (Ward -8): Rs 1,760 per sq.ft (2024)
• Maruthivar Street Rail Nagar (Ward -2): Rs 1,760 per sq.ft (2024)
• Marudhiruvar Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Meenakshi Sundaranar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Maraimalai Adigalar Street (Ward -4): Rs 2,200 per sq.ft (2024)
• Manonmani Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Masthan Sahib Street (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, while the registration fee at 2% would be Rs 35,200, leading to a total of Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Masthan Sahib Street (Ward -8)?

The Chengleput Joint II Sub Registrar Office covers Masthan Sahib Street (Ward -8). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration process of property transactions in Panangottur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction, which is essential for both buyers and sellers. It is important to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Masthan Sahib Street (Ward -8)?

The current guideline value of Masthan Sahib Street (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and is currently Rs 1,760 per sq.ft as of the 2024 revision.

What are the other streets in Panangottur with their guideline values?

Other streets in Panangottur include Maruthupandiya Street and Maruthivar Street Rail Nagar, both at Rs 1,760 per sq.ft, and Marudhiruvar Street, Meenakshi Sundaranar Street, and Manonmani Street at Rs 1,320 per sq.ft. Maraimalai Adigalar Street is at Rs 2,200 per sq.ft.

What is the registration fee for a property in Masthan Sahib Street (Ward -8)?

The registration fee for a property in Masthan Sahib Street is calculated based on the guideline value. For example, for a property valued at Rs 17,60,000, the registration fee would be Rs 35,200 at a rate of 2%.

Where can I find the Sub Registrar Office for Masthan Sahib Street (Ward -8)?

The Sub Registrar Office covering Masthan Sahib Street (Ward -8) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information about your SRO online.