Guideline Value for Chandramouleeswarar Nagar

Chandramouleeswarar Nagar guideline value

The current guideline value of Chandramouleeswarar Nagar is Rs 2,450 per sq.ft, effective from 1 July 2024. This area is located in Moulivakkam village under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Chandramouleeswarar Nagar has changed

Over the years, the guideline value of Chandramouleeswarar Nagar has seen several revisions. The 2012 revision set the value at Rs 2,200 per sq.ft, which was then reduced to Rs 1,474 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,200 per sq.ft. The most recent 2024 revision has further increased the value to Rs 2,450 per sq.ft.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, followed by an 11% increase from 2023 to 2024. The overall change from 2012 to 2024 shows an increase of 11%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Moulivakkam

In Moulivakkam, there are 44 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,000 to Rs 3,900 per sq.ft. The median value is Rs 2,450 per sq.ft, which is equal to the guideline value of Chandramouleeswarar Nagar.

• Bharathiyar Nagar: Rs 2,450 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 2,450 per sq.ft (2024)
• Dhanalakshmi Nagar Extension: Rs 2,450 per sq.ft (2024)
• Bajanai koil Street: Rs 2,450 per sq.ft (2024)
• Gangai Amman Koil Street: Rs 2,450 per sq.ft (2024)
• Annamalai Avenue: Rs 3,000 per sq.ft (2024)

Stamp duty and registration fee for property in Chandramouleeswarar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,450 per sq.ft, the total guideline value amounts to Rs 24,50,000. The stamp duty at 7% would be Rs 1,71,500, and the registration fee at 2% would be Rs 49,000, making the total cost Rs 2,20,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chandramouleeswarar Nagar?

The Sub Registrar Office that covers Chandramouleeswarar Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai - 600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Moulivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is essential to consider this value when negotiating the sale price, as the higher of the guideline value or the sale price will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Chandramouleeswarar Nagar?

The current guideline value of Chandramouleeswarar Nagar is Rs 2,450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,450 per sq.ft in 2024.

What is the land classification of Chandramouleeswarar Nagar?

Chandramouleeswarar Nagar is classified as Residential Special Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 24,50,000, the stamp duty would be Rs 1,71,500 and the registration fee would be Rs 49,000, totaling Rs 2,20,500.

Which office handles registrations for Chandramouleeswarar Nagar?

The Kunrathur Sub Registrar Office handles registrations for Chandramouleeswarar Nagar, located at No.59, Road Street, Kundrathur, Chennai - 600 069.