Guideline Value for MasoothiStreet

MasoothiStreet guideline value

The current guideline value of MasoothiStreet is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Nandhivaram village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of MasoothiStreet has changed

The guideline value for MasoothiStreet has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged in the subsequent revisions of 2017 and 2023. The 2017 revision saw an increase to Rs 1,005 per sq.ft, marking a 49% increase from the previous figure. However, the 2024 revision reverted the value back to Rs 1,500 per sq.ft, showing no change from the 2023 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for MasoothiStreet. Overall, from 2012 to 2024, the guideline value has remained the same, indicating a stable valuation over this period.

Guideline values in Nandhivaram

In Nandhivaram, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, which is equal to the current guideline value of MasoothiStreet.

• Maruthi Nagar: Rs 1,500 per sq.ft (2024)
• Meenakshi Avenue: Rs 1,500 per sq.ft (2024)
• Meenakshi Nagar: Rs 1,500 per sq.ft (2024)
• Mettu Street: Rs 1,200 per sq.ft (2024)
• M.G. Nagar Part-IA: Rs 1,500 per sq.ft (2024)
• Manigandapuram: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in MasoothiStreet

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, leading to a combined total of Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers MasoothiStreet?

The Sub Registrar Office that covers MasoothiStreet is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Nandhivaram, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during the registration process. This value helps in assessing the financial obligations associated with the property transfer.

Frequently asked questions

What is the current guideline value of MasoothiStreet?

The current guideline value of MasoothiStreet is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,500 per sq.ft in the revisions of 2012, 2023, and 2024. There was a significant increase of 49% from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023.

What are the other streets in Nandhivaram with similar guideline values?

Other streets in Nandhivaram with a guideline value of Rs 1,500 per sq.ft include Maruthi Nagar, Meenakshi Avenue, Meenakshi Nagar, M.G. Nagar Part-IA, and Manigandapuram.

What is the stamp duty rate for properties in MasoothiStreet?

The stamp duty rate for properties in MasoothiStreet is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for MasoothiStreet located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvanchery-603202, Chengalpattu registration zone.