Guideline Value for Masooran Street, Moovendhar Nagar

Masooran Street, Moovendhar Nagar guideline value

The current guideline value of Masooran Street, Moovendhar Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Masooran Street, Moovendhar Nagar has changed

The guideline value for Masooran Street has seen significant changes over the years. In the 2017 revision, the value was Rs 1,206 per sq.ft. This figure increased to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO with a 2024 guideline value range from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Masooran Street's 2024 figure below that median.

• Masthan Sahib Street / Nehru Nagar: Rs 1,980 per sq.ft (2024)
• Masthan Sherif Street / Nehru Nagar: Rs 1,980 per sq.ft (2024)
• Masuran Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Maruthupandiyar Street /Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Maruthi Street /Krishna Nagar: Rs 2,530 per sq.ft (2024)
• Maruthi Street, Anna Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Masooran Street, Moovendhar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Masooran Street, Moovendhar Nagar?

The Sub Registrar Office that covers Masooran Street, Moovendhar Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Masooran Street?

The current guideline value for Masooran Street, Moovendhar Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and then to Rs 1,980 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification for Masooran Street?

Masooran Street is classified as Residential Class II Type - II, indicating its designation for residential purposes within the Pammal area.

Where can I find the Sub Registrar Office for Masooran Street?

The Sub Registrar Office for Masooran Street, Moovendhar Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Pammal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 19,80,000, the stamp duty at 7% would be Rs 1,38,600.