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Guideline Value

Corporate

Guideline Value for Masilamani Road & Street

₹7700/sq.ft.

The guideline value for Masilamani Road & Street in Mylapore Part 2 village (Chennai Central Joint I SRO, Chennai zone) is Rs 7700 per sq.ft, effective 1 July 2024. It was Rs 7000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mylapore Part 2

Village

Chennai Central Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹7700 /sq.ft.
From 1-4-2023 ₹7000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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)

No.182 Bharati Salai(pycrafts Road) Royapettah, Chennai-600014
044-28613608
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Road & Street

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Masilamani Road & Street guideline value

The current guideline value of Masilamani Road & Street is Rs 7,700 per sq.ft. This street is located in Mylapore Part 2 village, under the Chennai Central Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Masilamani Road & Street has changed

According to the register, there are no figures for Masilamani Road & Street for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that the guideline value increased from Rs 7,000 per sq.ft in 2023 to Rs 7,700 per sq.ft in 2024, marking a change of +10%.

The 2024 revision reflects the current guideline value. The previous revision in 2023 was Rs 7,000 per sq.ft. This increase indicates a notable adjustment in the valuation of properties along this street.

Guideline values in Mylapore Part 2

Mylapore Part 2 contains 332 streets under the Chennai Central Joint I SRO, with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value for this area is Rs 8,800 per sq.ft, making the 2024 figure for Masilamani Road & Street below that median.

Stamp duty and registration fee for property in Masilamani Road & Street

For a 1,000 sq.ft plot at the current rate of Rs 7,700 per sq.ft, the guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, totaling Rs 6,93,000. 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 Road & Street?

The Sub Registrar Office that covers Masilamani Road & Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value is a crucial factor in the registration process when buying or selling property in Mylapore Part 2. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the sale price is aligned with the prevailing market conditions. This value is used by the registration department to calculate the applicable charges, ensuring a standardized approach to property transactions.

Frequently asked questions

What is the current guideline value of Masilamani Road & Street?

The current guideline value of Masilamani Road & Street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 7,000 per sq.ft in 2023 to Rs 7,700 per sq.ft in 2024, which is a change of +10%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Masilamani Road & Street?

The land classification for Masilamani Road & Street is Residential Class II Type - I, indicating its suitability for residential purposes.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It serves as a benchmark for ensuring that the sale price aligns with the prevailing market conditions.

Where can I find more information about the registration office?

The Chennai Central Joint I Sub Registrar Office covers Masilamani Road & Street. It is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find more details by visiting the appropriate links.