Guideline Value for Mayana Street

Mayana Street guideline value

The current guideline value of Mayana Street in Pozhichalur village is Rs 1,100 per sq.ft, effective from the 2024 revision. This street falls under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Mayana Street has changed

The guideline value for Mayana Street has seen several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 670 per sq.ft. This was followed by a significant increase to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 1,100 per sq.ft, representing a 10% increase from the previous year.

There are no recorded figures for Mayana Street in the revisions from 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. Mayana Street's 2024 figure of Rs 1,100 per sq.ft is below this median.

• Meetu Street: Rs 1,100 per sq.ft (2024)
• Masilamani Street: Rs 1,100 per sq.ft (2024)
• Maruthi Street Andal Nagar: Rs 1,320 per sq.ft (2024)
• Maruthi Street (8): Rs 1,100 per sq.ft (2024)
• Maruthi Street (15): Rs 1,100 per sq.ft (2024)
• Marudhu Pandi Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Mayana Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Mayana Street?

The Sub Registrar Office that covers Mayana Street 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 Pozhichalur

The guideline value is a crucial factor when registering property in Pozhichalur. It is used to determine the stamp duty and registration fees that buyers and sellers must pay during the transaction process. This ensures that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the guideline value, as it can significantly impact the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline values to avoid any unexpected fees during the registration process.

Frequently asked questions

What is the current guideline value of Mayana Street?

The current guideline value of Mayana Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 670 per sq.ft to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the other streets in Pozhichalur with similar guideline values?

Other streets in Pozhichalur with a guideline value of Rs 1,100 per sq.ft include Meetu Street, Masilamani Street, Maruthi Street (8), Maruthi Street (15), and Marudhu Pandi Street.

What fees are associated with buying property on Mayana Street?

The fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

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

The Pammal Sub Registrar Office covers Mayana Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.