Guideline Value for Masoothy Colony 1st Street

Masoothy Colony 1st Street guideline value

The current guideline value of Masoothy Colony 1st Street is Rs 2,150 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village under the Selaiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Masoothy Colony 1st Street has changed

The guideline value for Masoothy Colony 1st Street has undergone several revisions over the years. In 2012, the value was set at Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in 2017. The value then increased significantly to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,150 per sq.ft from the 2024 revision.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 reflects an increase of 8%. Overall, the guideline value has increased by 8% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft, with a median value of Rs 2,150 per sq.ft. The guideline value for Masoothy Colony 1st Street is equal to this median.

• Masoothy Colony 3rd Street: Rs 2,150 per sq.ft (2024)
• Masoothy Colony 4th Street: Rs 2,150 per sq.ft (2024)
• Masoothy Colony 5th Street: Rs 2,150 per sq.ft (2024)
• Masoothi Colony 2nd Street: Rs 2,150 per sq.ft (2024)
• Masoothy Colony Kaveri Street: Rs 2,150 per sq.ft (2024)
• Masoothy Colony Main Road: Rs 2,150 per sq.ft (2024)

Stamp duty and registration fee for property in Masoothy Colony 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,150 per sq.ft, the total guideline value amounts to Rs 21,50,000. The stamp duty at 7% would be Rs 1,50,500, and the registration fee at 2% would be Rs 43,000, making the total cost for these fees Rs 1,93,500. Duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Masoothy Colony 1st Street?

The Sub Registrar Office that covers Masoothy Colony 1st Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is an essential factor when registering property in Rajakilpakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property transactions.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded at a fair value as determined by the government.

Frequently asked questions

What is the current guideline value of Masoothy Colony 1st Street?

The current guideline value of Masoothy Colony 1st Street is Rs 2,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,150 per sq.ft in 2024.

What is the median guideline value in Rajakilpakkam?

The median guideline value in Rajakilpakkam for 2024 is Rs 2,150 per sq.ft, which is the same as the guideline value for Masoothy Colony 1st Street.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 21,50,000, the stamp duty would be Rs 1,50,500, and the registration fee would be Rs 43,000, totaling Rs 1,93,500.

Where can I find the Sub Registrar Office for Masoothy Colony 1st Street?

The Sub Registrar Office for Masoothy Colony 1st Street is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.