Guideline Value for Masilamanieswarar Nagar 9th Street

Masilamanieswarar Nagar 9th Street guideline value

The current guideline value of Masilamanieswarar Nagar 9th Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Masilamanieswarar Nagar 9th Street has changed

The guideline value for Masilamanieswarar Nagar 9th Street has undergone several revisions over the years. In 2012, the guideline value was Rs 2,200 per sq.ft. This figure decreased to Rs 1,474 per sq.ft in the 2017 revision, marking a decline of 33%. However, the guideline value saw a significant increase in the 2024 revision, rising to Rs 2,400 per sq.ft, which is an increase of 63% from the 2017 figure.

Overall, from 2012 to 2024, the guideline value has increased by 9%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2023 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with 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 the same as the current value for Masilamanieswarar Nagar 9th Street.

• Masilamanieswarar Nagar 8th Street: Rs 2,400 per sq.ft (2024)
• Masilamanieswarar Nagar Golden 1st Cross Street: Rs 2,400 per sq.ft (2024)
• Masilamanieswarar Nagar 7th Street: Rs 2,400 per sq.ft (2024)
• Masilamanieswarar Nagar Golden 2nd Cross Street: Rs 2,400 per sq.ft (2024)
• Masilamanieswarar Nagar 6th Street: Rs 2,400 per sq.ft (2024)
• Masilamanieswarar Nagar Golden 3rd Cross Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Masilamanieswarar Nagar 9th Street

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, totaling 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Masilamanieswarar Nagar 9th Street?

The Sub Registrar Office that covers Masilamanieswarar Nagar 9th Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Thirumullaivoyal, the guideline value plays a critical role in determining the registration fees and stamp duty. The guideline value is used to calculate the applicable charges, ensuring that both parties are aware of the financial implications involved in the transaction.

It is essential for buyers and sellers to be informed about the guideline value, as it reflects the official valuation set by the government. This value helps in maintaining transparency in property transactions and ensures that all legal requirements are met during the registration process.

Frequently asked questions

What is the current guideline value of Masilamanieswarar Nagar 9th Street?

The current guideline value of Masilamanieswarar Nagar 9th Street 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, and then increased to Rs 2,400 per sq.ft in 2024. This represents a decrease of 33% from 2012 to 2017 and an increase of 63% from 2017 to 2024.

What is the land classification for Masilamanieswarar Nagar 9th Street?

Masilamanieswarar Nagar 9th Street is classified under Residential Class I Type - I land classification.

Which office handles the registration for this street?

The registration for Masilamanieswarar Nagar 9th Street is handled by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000, leading to a stamp duty of Rs 1,68,000 at 7%.