Guideline Value for Masuthi Street

Masuthi Street guideline value

The current guideline value of Masuthi Street is Rs 805 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Mixed Type - III land.

How the guideline value of Masuthi Street has changed

The guideline value for Masuthi Street has undergone several revisions over the years. The 2017 revision set the value at Rs 536 per sq.ft, which increased significantly to Rs 800 per sq.ft in the 2023 revision. The current 2024 revision shows a further increase to Rs 805 per sq.ft, marking a 1% rise from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 50%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. However, the 2024 value reflects a substantial increase of 49% from the 2017 figure to the 2023 figure, indicating a notable change in the guideline value over the years.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,344 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing Masuthi Street's 2024 figure above this median.

• Mathulankuppam: Rs 400 per sq.ft (2024)
• Mattru Pathai: Rs 1,100 per sq.ft (2024)
• Mariamman Koil Street: Rs 600 per sq.ft (2024)
• Mettu Street: Rs 1,250 per sq.ft (2024)
• Mettu Street D.M.Pet: Rs 600 per sq.ft (2024)
• Manthaiveli Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Masuthi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 805 per sq.ft, the total guideline value amounts to Rs 8,05,000. The stamp duty, charged at 7%, would be Rs 56,350, and the registration fee at 2% would be Rs 16,100. Together, these fees total Rs 72,450. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Masuthi Street?

The Sub Registrar Office that covers Masuthi Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Thirukalukundrem A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher, to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Masuthi Street?

The current guideline value of Masuthi Street is Rs 805 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 536 per sq.ft to Rs 805 per sq.ft in 2024, marking a total increase of 50% over this period.

What are the other streets in Thirukalukundrem A with their guideline values?

Other streets in Thirukalukundrem A include Mathulankuppam at Rs 400 per sq.ft, Mattru Pathai at Rs 1,100 per sq.ft, and Mettu Street at Rs 1,250 per sq.ft, among others.

How is stamp duty calculated for properties in Masuthi Street?

Stamp duty for properties in Masuthi Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 8,05,000 would incur a stamp duty of Rs 56,350.

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

The Sub Registrar Office for Masuthi Street is located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find more information about it through the provided link.