Guideline Value for MASTHAN VALI DARGA ST

Masthan Vali Darga St guideline value

The current guideline value of Masthan Vali Darga St is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village, under the Walajabad SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Masthan Vali Darga St has changed

The guideline value for Masthan Vali Darga St has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 750 per sq.ft, which remains unchanged from the 2023 revision. Prior to that, in 2017, the guideline value was Rs 502 per sq.ft, marking a significant increase of 49% to the 2023 figure. The 2012 revision also set the value at Rs 750 per sq.ft, which indicates a decrease of 33% from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 750 per sq.ft.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft. The median value for these streets is Rs 750 per sq.ft, which aligns with the guideline value of Masthan Vali Darga St.

• Masthan Hajith Dharkar Street: Rs 750 per sq.ft (2024)
• Masoothi St: Rs 750 per sq.ft (2024)
• Marvel Residency: Rs 1,000 per sq.ft (2024)
• M.D.Nagar: Rs 500 per sq.ft (2024)
• Meevar Colony Kamarajar Srteet: Rs 750 per sq.ft (2024)
• Meglinpuram: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Masthan Vali Darga St

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total cost to Rs 67,500. 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 Vali Darga St?

The Sub Registrar Office that covers Masthan Vali Darga St is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Walajabad. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures that both buyers and sellers are aware of the financial obligations involved in the property transfer process.

Frequently asked questions

What is the current guideline value of Masthan Vali Darga St?

The current guideline value of Masthan Vali Darga St is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 750 per sq.ft since the 2023 revision. It increased from Rs 502 per sq.ft in 2017, and there were no figures available for the years 2002, 2003, and 2007.

What is the median guideline value in Walajabad?

The median guideline value in Walajabad is Rs 750 per sq.ft, which is the same as the guideline value for Masthan Vali Darga St.

What are the stamp duty and registration fees for a property in Masthan Vali Darga St?

The total stamp duty for a property valued at Rs 7,50,000 is Rs 52,500, and the registration fee is Rs 15,000, totaling Rs 67,500.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.