Guideline Value for Shek Maistry Street

Shek Maistry Street guideline value

The current guideline value of Shek Maistry Street is Rs 2,200 per sq.ft. It is located in Tondaiarpet village under the Royapuram SRO, classified as Residential Class I Type - I.

How the guideline value of Shek Maistry Street has changed

The guideline value for Shek Maistry Street has undergone several revisions over the years. The most recent revision, effective from 1 July 2024, sets the guideline value at Rs 2,200 per sq.ft, which marks a significant increase from the previous figure of Rs 1,340 per sq.ft established in the 2017 revision. This change represents a 64% increase over the seven-year period.

It is important to note that the register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street. Therefore, the only available data for Shek Maistry Street comes from the 2017 and 2024 revisions.

Guideline values in Tondaiarpet

In Tondaiarpet, there are a total of 1,384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft as per the 2024 revision. The median guideline value for these streets is Rs 1,600 per sq.ft, positioning Shek Maistry Street's 2024 figure above this median.

• Shivaji Nagar 10th Street: Rs 1,300 per sq.ft (2024)
• Shivaji Nagar 11th Street: Rs 1,300 per sq.ft (2024)
• Shivaji Nagar 1st Street: Rs 1,300 per sq.ft (2024)
• Shivaji Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Shivaji Nagar 3rd Street: Rs 1,300 per sq.ft (2024)
• Shivaji Nagar 4th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Shek Maistry Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be 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 higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Shek Maistry Street?

Shek Maistry Street falls under the jurisdiction of the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more details.

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

The guideline value is a critical factor during the registration process of property transactions in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the authorities will assess the guideline value to ensure that the correct fees are levied. This process helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Shek Maistry Street?

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

How much has the guideline value changed since the last revision?

Since the last revision in 2017, the guideline value has increased by 64%, from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft.

Are there any years for which the guideline value is not available?

Yes, the register has no figures for Shek Maistry Street for the years 2023, 2012, 2007, 2003, and 2002.

What is the median guideline value for streets in Tondaiarpet?

The median guideline value for streets in Tondaiarpet is Rs 1,600 per sq.ft, with Shek Maistry Street's 2024 figure being above this median.

Where can I find the Sub Registrar Office for Shek Maistry Street?

The Sub Registrar Office covering Shek Maistry Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.