Guideline Value for Masuran Street, Pasumpon Nagar

Masuran Street, Pasumpon Nagar guideline value

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

How the guideline value of Masuran Street, Pasumpon Nagar has changed

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

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 2,090 per sq.ft, placing the 2024 figure for Masuran Street below this median.

• Masthan Sherif Street / Nehru Nagar: Rs 1,980 per sq.ft (2024)
• Masthan Sahib Street / Nehru Nagar: Rs 1,980 per sq.ft (2024)
• Masooran Street, Moovendhar 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 Masuran Street, Pasumpon Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees to Rs 1,78,200. 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 detailed calculations.

Which Sub Registrar Office covers Masuran Street, Pasumpon Nagar?

The Sub Registrar Office that covers Masuran Street, Pasumpon Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Pammal

The guideline value is a crucial factor during the registration of property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees payable when a property is bought or sold.

Frequently asked questions

What is the current guideline value of Masuran Street, Pasumpon Nagar?

The current guideline value of Masuran Street, Pasumpon Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How 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 reflects an overall increase of 64% from 2017 to 2024.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft, making the guideline value for Masuran Street lower than this median.

What are the stamp duty and registration fees for a property in Masuran Street?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Masuran Street, Pasumpon Nagar?

The Pammal Sub Registrar Office handles registrations for Masuran Street, Pasumpon Nagar. It is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.