Guideline Value for MASUTHI THERU

Masuthi Theru guideline value

The current guideline value of Masuthi Theru is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Mannivakkam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Masuthi Theru has changed

The guideline value for Masuthi Theru has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 603 per sq.ft. This increased to Rs 900 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value to Rs 990 per sq.ft, reflecting a further increase of 10% from the previous year.

It is important to note that there are no recorded figures for Masuthi Theru in the revisions of 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Mannivakkam

In Mannivakkam, there are 118 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 4,300 per sq.ft. The median guideline value for these streets is Rs 1,215 per sq.ft, making the 2024 figure for Masuthi Theru below this median.

• Masuthi Main Road: Rs 990 per sq.ft (2024)
• Manneeshwarar Nagar Extn: Rs 1,320 per sq.ft (2024)
• Manneeshwarar Nagar: Rs 1,320 per sq.ft (2024)
• Manneeshwarar Avenue: Rs 1,650 per sq.ft (2024)
• M.G.R. Street: Rs 990 per sq.ft (2024)
• Minitown Mannivakkam: Rs 3,450 per sq.ft (2024)

Stamp duty and registration fee for property in Masuthi Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, while the registration fee at 2% would be Rs 19,800. Together, the total cost for these fees would be Rs 89,100. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Masuthi Theru?

The Sub Registrar Office that covers Masuthi Theru is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential component in the registration process when buying or selling property in Mannivakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value.

When a property is registered, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Masuthi Theru?

The current guideline value of Masuthi Theru is Rs 990 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 603 per sq.ft to Rs 990 per sq.ft in 2024, marking a total increase of 64% over the seven years.

What are the stamp duty and registration fees for properties in Masuthi Theru?

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100.

Which Sub Registrar Office covers Masuthi Theru?

The Gooduvancheri Sub Registrar Office covers Masuthi Theru, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanjery-603202, Chengalpattu registration zone.

What is the land classification for Masuthi Theru?

Masuthi Theru is classified as Residential Special Type - II, indicating its intended use for residential purposes.