Guideline Value for MAYANA SALAI

Mayana Salai guideline value

The current guideline value of Mayana Salai is Rs 400 per sq.ft, as per the 2023 revision. This street is located in Navaloor village, under the Thiruporur SRO, and falls under the Residential Class V Type - III land classification.

How the guideline value of Mayana Salai has changed

Over the years, the guideline value of Mayana Salai has seen several revisions. The 2007 revision set the value at Rs 150 per sq.ft, which increased significantly to Rs 400 per sq.ft in the 2012 revision, marking a rise of 167%. However, the 2017 revision saw a decrease to Rs 268 per sq.ft, a drop of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 400 per sq.ft, a notable increase of 49% from 2017.

In summary, from 2007 to 2023, the overall change in guideline value is an increase of 167%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Navaloor

Currently, there are no specific village figures available for Navaloor. Mayana Salai is among the streets in this area, and as of now, there are no other streets in Navaloor listed under the Thiruporur SRO.

Stamp duty and registration fee for property in Mayana Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total fees Rs 36,000. It is essential to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mayana Salai?

The Sub Registrar Office that covers Mayana Salai is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Navaloor, including Mayana Salai. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When you buy or sell property, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and fairness in the property registration process.

Frequently asked questions

What is the current guideline value of Mayana Salai?

The current guideline value of Mayana Salai is Rs 400 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

From 2007 to 2023, the guideline value increased from Rs 150 per sq.ft to Rs 400 per sq.ft, reflecting an overall rise of 167%. The value saw fluctuations, including a decrease from Rs 400 in 2012 to Rs 268 in 2017 before rising again to Rs 400 in 2023.

What are the stamp duty and registration fees for property in Mayana Salai?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000. Duty is charged on the higher of the guideline value or the sale price.

Which office handles property registrations for Mayana Salai?

The Thiruporur Sub Registrar Office is responsible for property registrations in Mayana Salai, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Are there other streets in Navaloor with guideline values?

Currently, there are no other streets in Navaloor listed under the Thiruporur SRO with available guideline values. Mayana Salai is the only street mentioned in this context.