Guideline Value for Masuthi Street

Masuthi Street guideline value

The current guideline value of Masuthi Street is Rs 1,500 per sq.ft. This street is located in Vandalur village under the Gooduvancheri SRO, and the land classification is Residential Special Type - I.

How the guideline value of Masuthi Street has changed

The guideline value for Masuthi Street has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 1,005 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the value increased to Rs 1,500 per sq.ft again, representing a significant rise of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained the same at Rs 1,500 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific village figures provided for Vandalur. Masuthi Street is classified under the Gooduvancheri SRO. Unfortunately, there are no other streets in Vandalur listed with their respective rates.

Stamp duty and registration fee for property in Masuthi Street

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. 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 details.

Which Sub Registrar Office covers Masuthi Street?

The Sub Registrar Office that covers Masuthi Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Vandalur. It serves as a benchmark for the minimum value at which a property can be sold or bought, ensuring that the transaction is recorded at a fair value.

When you proceed with a property sale or purchase, the guideline value will be used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Masuthi Street?

The current guideline value of Masuthi Street is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, and then back to Rs 1,500 per sq.ft in 2023. This represents a decrease of 33% from 2012 to 2017 and an increase of 49% from 2017 to 2023.

What is the stamp duty rate for properties in Masuthi Street?

The stamp duty rate for properties in Masuthi Street is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Masuthi Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

What is the land classification for Masuthi Street?

The land classification for Masuthi Street is Residential Special Type - I, indicating its designated use for residential purposes.