Guideline Value for Masoothy Colony 4th Street

Masoothy Colony 4th Street guideline value

The current guideline value of Masoothy Colony 4th Street is Rs 2,150 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village under the Selaiyur SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Masoothy Colony 4th Street has changed

The guideline value for Masoothy Colony 4th Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,000 per sq.ft, and the most recent 2024 revision has further raised it to Rs 2,150 per sq.ft, marking an 8% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, when comparing the 2012 revision to the current 2024 value, there has been an overall increase of 8%. It is important to note that there are no figures available 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. The median guideline value is Rs 2,150 per sq.ft, which is equal to the 2024 figure for Masoothy Colony 4th Street.

• Masoothy Colony 3rd Street: Rs 2,150 per sq.ft (2024)
• Masoothy Colony 5th Street: Rs 2,150 per sq.ft (2024)
• Masoothy Colony 1st 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)
• Masoothi Colony 2nd Street: Rs 2,150 per sq.ft (2024)

Stamp duty and registration fee for property in Masoothy Colony 4th 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Masoothy Colony 4th Street?

The Sub Registrar Office that covers Masoothy Colony 4th 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Rajakilpakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When a property is sold, the buyer must pay stamp duty and registration fees based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions, reflecting the true value of the real estate market.

Frequently asked questions

What is the current guideline value of Masoothy Colony 4th Street?

The current guideline value of Masoothy Colony 4th 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 land classification for this street?

Masoothy Colony 4th Street falls under the Residential Class I Type - I land classification.

How does the guideline value compare with other streets in Rajakilpakkam?

The guideline value for Masoothy Colony 4th Street is equal to the median value of Rs 2,150 per sq.ft among the 384 streets in Rajakilpakkam.

Where can I find the Sub Registrar Office for Masoothy Colony 4th Street?

The Selaiyur Sub Registrar Office covers Masoothy Colony 4th Street, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.