Guideline Value for Ma.Po.C. Salai

Ma.Po.C. Salai guideline value

The current guideline value of Ma.Po.C. Salai in Ammayarkuppam village under the Ramakrishna Rajupettai SRO is Rs 260 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Ma.Po.C. Salai has changed

Over the years, the guideline value of Ma.Po.C. Salai has seen several revisions. The 2007 revision set the value at Rs 100 per sq.ft, which increased significantly to Rs 260 per sq.ft in the 2012 revision. However, this value dropped to Rs 174 per sq.ft in the 2017 revision before stabilizing at Rs 260 per sq.ft in both the 2023 and 2024 revisions. The register has no figure for this street in 2002 and 2003.

From the 2017 revision to 2023, there was a notable increase of 49%. The value remained unchanged from 2023 to 2024, marking a 0% change. Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 160% in the guideline value.

Guideline values in Ammayarkuppam

Ammayarkuppam has a total of 43 streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 260 per sq.ft. The median value for these streets is Rs 260 per sq.ft, which is equal to the guideline value of Ma.Po.C. Salai.

• Mangala Kizhar Steet: Rs 260 per sq.ft (2024)
• L.N. Koil Street: Rs 260 per sq.ft (2024)
• Kumaran Street: Rs 260 per sq.ft (2024)
• Kulakarai St: Rs 260 per sq.ft (2024)
• K.P.N. Kandigai Harijana Colony: Rs 150 per sq.ft (2024)
• K.P.N. Kandigai Arunthathi Colony: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Ma.Po.C. Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 260 per sq.ft, the total guideline value would be Rs 2,60,000. The stamp duty at 7% would amount to Rs 18,200, and the registration fee at 2% would be Rs 5,200, bringing the total cost for these fees to Rs 23,400. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Ma.Po.C. Salai?

The Sub Registrar Office that covers Ma.Po.C. Salai is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. To find your specific SRO, you can visit this find your SRO link.

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

The guideline value is a crucial factor when buying or selling property in Ammayarkuppam. It serves as the minimum value at which properties are registered, ensuring that both buyers and sellers are aware of the official valuation set by the government.

When a property is registered, the stamp duty and registration fees are calculated based on this guideline value or the sale price, whichever is higher. This process helps maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ma.Po.C. Salai?

The current guideline value of Ma.Po.C. Salai is Rs 260 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 260 per sq.ft in 2012, then dropped to Rs 174 per sq.ft in 2017, and has remained at Rs 260 per sq.ft in 2023 and 2024.

What is the land classification for Ma.Po.C. Salai?

Ma.Po.C. Salai is classified as Residential Class I Type - I.

What are the other streets in Ammayarkuppam with the same guideline value?

Other streets in Ammayarkuppam with a guideline value of Rs 260 per sq.ft include Mangala Kizhar Steet, L.N. Koil Street, Kumaran Street, and Kulakarai St.

How is the stamp duty calculated for properties in Ma.Po.C. Salai?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 260 per sq.ft would incur a stamp duty of Rs 18,200.