Guideline Value

Corporate

Guideline Value for Masilamani Nagar

₹1300/sq.ft.

The guideline value for Masilamani Nagar in 44.ayanambakkam village (Konnur SRO, Chennai zone) is Rs 1300 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

44.ayanambakkam

Village

Konnur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1300 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Masilamani Nagar

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Masilamani Nagar guideline value

The current guideline value of Masilamani Nagar, located in 44.Ayanambakkam village under the Konnur SRO, is Rs 1,300 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Masilamani Nagar has changed

The guideline value for Masilamani Nagar has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The latest revision in 2024 has further raised this value to Rs 1,300 per sq.ft, marking an increase of 8% from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 62%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The 2024 value of Rs 1,300 per sq.ft is equal to the median value for the 157 streets in 44.Ayanambakkam under the Konnur SRO, which also stands at Rs 1,300 per sq.ft.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, the guideline values vary across different streets. The current guideline value for Masilamani Nagar aligns with the median of Rs 1,300 per sq.ft. The following are the guideline values for other streets in 44.Ayanambakkam:

Stamp duty and registration fee for property in Masilamani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Masilamani Nagar?

The Sub Registrar Office that covers Masilamani Nagar is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value plays a crucial role in property transactions in 44.Ayanambakkam, as it is used to determine the stamp duty and registration fees payable during the registration process. Buyers and sellers should be aware that the guideline value is a benchmark set by the government and is used to ensure transparency in property transactions.

When a property is sold, the registration office will assess the guideline value to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and reflects the value of the property as recognized by the authorities.

Frequently asked questions

What is the current guideline value of Masilamani Nagar?

The current guideline value of Masilamani Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2024, marking a total increase of 62% over this period.

What are the other streets with guideline values in 44.Ayanambakkam?

Other streets in 44.Ayanambakkam include Manthoppu Salai at Rs 1,700 per sq.ft, Mel Ayanambakkam Road at Rs 1,300 per sq.ft, and Mel Ayanampakkam Perumal Koil Main Street at Rs 1,100 per sq.ft, among others.

What is the stamp duty rate in Masilamani Nagar?

The stamp duty rate applicable in Masilamani Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Masilamani Nagar?

The Sub Registrar Office for Masilamani Nagar is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.