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Guideline Value

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Guideline Value for Masilamani Street (Devi Nagar)

₹2400/sq.ft.

The guideline value for Masilamani Street (devi Nagar) in Thirumullaivoyal village (Ambattur SRO, Chennai zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumullaivoyal

Village

Ambattur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /sq.ft.
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)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[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 Street (devi Nagar)

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Masilamani Street (Devi Nagar) guideline value

The current guideline value of Masilamani Street (Devi Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Masilamani Street (Devi Nagar) has changed

The guideline value for Masilamani Street (Devi Nagar) has seen several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which was followed by a decrease to Rs 1,474 per sq.ft in 2017. The 2023 revision increased the value to Rs 2,200 per sq.ft, and the most recent revision in 2024 raised it further to Rs 2,400 per sq.ft, marking a 9% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a net increase of 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, which is equal to the 2024 figure for Masilamani Street (Devi Nagar).

Stamp duty and registration fee for property in Masilamani Street (Devi Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees to Rs 2,16,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Masilamani Street (Devi Nagar)?

The Sub Registrar Office that covers Masilamani Street (Devi Nagar) is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which property can be sold and is used to calculate stamp duty and registration fees during the registration process.

When buyers and sellers engage in property transactions, the guideline value ensures that the property is not undervalued for registration purposes. This helps maintain transparency and fairness in the property market, ensuring that all transactions are conducted based on a standardized valuation.

Frequently asked questions

What is the current guideline value of Masilamani Street (Devi Nagar)?

The current guideline value of Masilamani Street (Devi Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification of Masilamani Street (Devi Nagar)?

Masilamani Street (Devi Nagar) is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Masilamani Street (Devi Nagar)?

The Sub Registrar Office for Masilamani Street (Devi Nagar) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

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

Other streets in Thirumullaivoyal with a guideline value of Rs 2,400 per sq.ft include Masilamanieswarar Nagar Golden 1st, 2nd, 3rd, 4th, 5th, and 6th Cross Streets.