Guideline Value for Massudhi Street / Small Massudhi (Mosque Street & Lane))

Massudhi Street / Small Massudhi (Mosque Street & Lane)) guideline value

The current guideline value of Massudhi Street / Small Massudhi (Mosque Street & Lane)) is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO, classified as Residential Class I Type - I.

How the guideline value of Massudhi Street / Small Massudhi (Mosque Street & Lane)) has changed

The guideline value for Massudhi Street / Small Massudhi has seen several revisions over the years. In 2012, the guideline value was Rs 6,000 per sq.ft. This figure remained unchanged until the next revision in 2017, where it dropped to Rs 4,020 per sq.ft, reflecting a decrease of 33%. The value then increased significantly to Rs 6,000 per sq.ft in 2023, followed by a further increase to Rs 6,600 per sq.ft in 2024, marking a 10% rise.

Between 2017 and 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, which is equal to the current guideline value of Massudhi Street / Small Massudhi.

• Maroof Saheb Street: Rs 5,500 per sq.ft (2024)
• Maroof Saheb Lane: Rs 5,500 per sq.ft (2024)
• Md. Abdulla 2nd Street: Rs 5,500 per sq.ft (2024)
• Md. Abdullah 1st Lane & Street: Rs 5,500 per sq.ft (2024)
• Md. Abdulla Street: Rs 5,500 per sq.ft (2024)
• Meeran Saheb Street: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in Massudhi Street / Small Massudhi (Mosque Street & Lane))

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Massudhi Street / Small Massudhi (Mosque Street & Lane))?

The Sub Registrar Office that covers Massudhi Street / Small Massudhi is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Triplicane. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The guideline value is set by the government and is updated periodically to reflect changes in the real estate market.

When registering a property, buyers must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, which is essential for public services and infrastructure development.

Frequently asked questions

What is the current guideline value of Massudhi Street?

The current guideline value of Massudhi Street / Small Massudhi (Mosque Street & Lane)) is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2012 to Rs 4,020 per sq.ft in 2017, then back to Rs 6,000 per sq.ft in 2023, and finally to Rs 6,600 per sq.ft in 2024.

What is the classification of land on Massudhi Street?

Massudhi Street / Small Massudhi is classified as Residential Class I Type - I, indicating its use for residential purposes.

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

The Sub Registrar Office that covers Massudhi Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is stamp duty calculated for properties on Massudhi Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 66,00,000, the stamp duty would be calculated at 7% of this amount.