Guideline Value for Mayanapuram 4th Street

Mayanapuram 4th Street guideline value

The current guideline value of Mayanapuram 4th Street is Rs 2,900 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Mayanapuram 4th Street has changed

The guideline value for Mayanapuram 4th Street has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 200 per sq.ft. This figure increased significantly to Rs 2,700 per sq.ft in 2012, marking a substantial rise of 1,250%. However, the value then decreased to Rs 1,809 per sq.ft in 2017, reflecting a decline of 33%. The 2023 revision set the value at Rs 2,700 per sq.ft, which was a 49% increase from the previous figure. Currently, the 2024 revision has raised it to Rs 2,900 per sq.ft, showing a 7% increase from 2023.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 1,350%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Mayanapuram 4th Street above this median.

• Mayanapuram 3rd Street: Rs 2,900 per sq.ft (2024)
• Mayanapuram 5th Street: Rs 2,900 per sq.ft (2024)
• Mayanapuram 2nd Street: Rs 2,900 per sq.ft (2024)
• Mayanapuram 1st Street: Rs 2,900 per sq.ft (2024)
• Mayanapuram: Rs 2,900 per sq.ft (2024)
• MES Colony: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Mayanapuram 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value would be Rs 29,00,000. The stamp duty at 7% would amount to Rs 2,03,000, while the registration fee at 2% would be Rs 58,000. Together, the total cost for these fees would be Rs 2,61,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mayanapuram 4th Street?

The Sub Registrar Office that covers Mayanapuram 4th Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Selaiyur. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps buyers and sellers make informed decisions. It ensures that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Mayanapuram 4th Street?

The current guideline value of Mayanapuram 4th Street is Rs 2,900 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 200 per sq.ft in 2007 to Rs 2,900 per sq.ft in 2024, reflecting an overall increase of 1,350%.

What is the median guideline value in Selaiyur?

The median guideline value in Selaiyur is Rs 2,200 per sq.ft, and Mayanapuram 4th Street's current value is above this median.

What are the stamp duty and registration fees for a property in Mayanapuram 4th Street?

For a property valued at Rs 29,00,000, the stamp duty would be Rs 2,03,000 and the registration fee would be Rs 58,000, totaling Rs 2,61,000.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.