Guideline Value

Corporate

Guideline Value for Masuthi Street

₹2200/sq.ft.

The guideline value for Masuthi Street in Malligaicherry village (Konnur SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Malligaicherry

Village

Konnur

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹415 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹384 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Masuthi Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Masuthi Street guideline value

The current guideline value of Masuthi Street in Malligaicherry village, under the Konnur SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Masuthi Street has changed

The guideline value for Masuthi Street has undergone several revisions over the years. In 2002, the guideline value was Rs 384 per sq.ft. This figure increased to Rs 415 per sq.ft in 2003, marking a rise of 8%. Subsequently, the value saw a significant increase to Rs 700 per sq.ft in 2007, which represented a 69% change. The value further escalated to Rs 2,000 per sq.ft in 2012, reflecting a 186% increase. However, it then decreased to Rs 1,340 per sq.ft in 2017, which was a decline of 33%. The guideline value rose again to Rs 2,000 per sq.ft in 2023, and most recently, it has increased by 10% to the current value of Rs 2,200 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 473%. There are no figures available for the revisions in the years not listed.

Guideline values in Malligaicherry

In Malligaicherry, there are 49 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. Masuthi Street's current guideline value is below this median.

Stamp duty and registration fee for property in Masuthi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Masuthi Street?

The Sub Registrar Office covering Masuthi Street is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the property registration process in Malligaicherry. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees.

During the registration process, the buyer must ensure that the sale price is either equal to or higher than the guideline value. This ensures compliance with local regulations and helps in avoiding any legal issues related to property transactions.

Frequently asked questions

What is the current guideline value of Masuthi Street?

The current guideline value of Masuthi Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 384 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 473% over this period.

What are the other streets in Malligaicherry with their guideline values?

Other streets in Malligaicherry include Masuthi Second Street and Masuthi First Street, both at Rs 2,200 per sq.ft, Moorthi Nagar at Rs 3,800 per sq.ft, Madras Pattai Road @ at Rs 2,750 per sq.ft, Madras Pattai Lane at Rs 2,400 per sq.ft, and M.T.H. Road at Rs 6,000 per sq.ft.

What are the stamp duty and registration fees for properties in Masuthi Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 22,00,000, the total stamp duty and registration fees would be Rs 1,98,000.

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

The Konnur Sub Registrar Office is located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO through the provided link.