Guideline Value for Masuthi Santhu

Masuthi Santhu guideline value

The current guideline value of Masuthi Santhu is Rs 5,500 per sq.ft, effective from 1 July 2024. This village falls under the Kanchipuram Joint IV SRO and is classified as Commercial Class I Type - II.

How the guideline value of Masuthi Santhu has changed

The guideline value for Masuthi Santhu has undergone several revisions over the years. The 2012 revision set the value at Rs 5,000 per sq.ft, which then decreased to Rs 3,350 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 5,000 per sq.ft, and the most recent 2024 revision has raised it to Rs 5,500 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

Between the revisions, significant changes were observed. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in 2nd Division

In the 2nd Division, there are 101 streets under the Kanchipuram Joint IV SRO that have a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value for Masuthi Santhu is significantly above this median.

• Mathankeeswarar Koil Street: Rs 2,200 per sq.ft (2024)
• Mettu Street: Rs 3,300 per sq.ft (2024)
• Manjal Neer Kalvai: Rs 1,650 per sq.ft (2024)
• Mullapalayam Street: Rs 1,100 per sq.ft (2024)
• Munusamy Mudaliar Avenue: Rs 4,400 per sq.ft (2024)
• Munusamy Mudaliar Avenue Backside: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Masuthi Santhu

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, making the total fees Rs 4,95,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Masuthi Santhu?

The Sub Registrar Office covering Masuthi Santhu is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 2nd Division

The guideline value is a critical factor in the registration process when buying or selling property in the 2nd Division. It helps determine the stamp duty and registration fees that need to be paid, ensuring that all transactions are recorded accurately and transparently.

When a property is sold, the guideline value serves as a benchmark for assessing the value of the property. This value is used to calculate the applicable fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Masuthi Santhu?

The current guideline value of Masuthi Santhu is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,000 per sq.ft in 2012 to Rs 3,350 per sq.ft in 2017, then back to Rs 5,000 per sq.ft in 2023, and finally to Rs 5,500 per sq.ft in 2024.

What is the land classification of Masuthi Santhu?

Masuthi Santhu is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for property in Masuthi Santhu?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Where is the Sub Registrar Office located for Masuthi Santhu?

The Kanchipuram Joint IV Sub Registrar Office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.