Guideline Value for Adi Parashakthi Street (Moopanar Nagar)

Adi Parashakthi Street (Moopanar Nagar) guideline value

The current guideline value of Adi Parashakthi Street (Moopanar Nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Adi Parashakthi Street (Moopanar Nagar) has changed

The guideline value for Adi Parashakthi Street has undergone several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a 100% increase. However, it saw a decrease to Rs 804 per sq.ft in 2017, which was a 33% drop. The value then rose significantly to Rs 1,200 per sq.ft in 2023, followed by another increase to Rs 1,300 per sq.ft in 2024, reflecting an 8% change.

From the 2017 revision to the 2023 revision, the increase was substantial at 49%. Overall, from 2007 to 2024, the guideline value has increased by 117%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for the area is Rs 1,600 per sq.ft, making the 2024 figure for Adi Parashakthi Street below that median.

• Adi Dravidar Street: Rs 1,300 per sq.ft (2024)
• Adam Shahib Lane: Rs 1,300 per sq.ft (2024)
• Altis Ville L.L.p: Rs 6,000 per sq.ft (2024)
• Amaravathy kuppam: Rs 1,300 per sq.ft (2024)
• Amaravathypuram (North): Rs 1,300 per sq.ft (2024)
• Anandanayagi Nagar 1st Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Adi Parashakthi Street (Moopanar Nagar)

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Adi Parashakthi Street (Moopanar Nagar)?

The Sub Registrar Office that covers Adi Parashakthi Street (Moopanar Nagar) is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for further assistance.

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

The guideline value plays a crucial role when buying or selling property in Tondaiarpet. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price.

When registering a property, the authorities will charge the buyer based on the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Adi Parashakthi Street?

The current guideline value of Adi Parashakthi Street (Moopanar Nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 117% over the years.

What is the stamp duty rate for property in Adi Parashakthi Street?

The stamp duty rate for property transactions in Adi Parashakthi Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for this street?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What other streets have the same guideline value in Tondaiarpet?

Several other streets in Tondaiarpet also have a guideline value of Rs 1,300 per sq.ft in 2024, including Adi Dravidar Street, Adam Shahib Lane, Amaravathy kuppam, Amaravathypuram (North), and Anandanayagi Nagar 1st Street.