Guideline Value for East Mosque Street

East Mosque Street guideline value

The current guideline value of East Mosque Street in Hastinapuram village is Rs 1,650 per sq.ft, effective from 1 July 2024. This property falls under the Pallavaram SRO and is classified as Residential Class III Type - I.

How the guideline value of East Mosque Street has changed

The guideline value for East Mosque Street has undergone several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease to Rs 1,005 per sq.ft. The value then rose to Rs 1,500 per sq.ft in 2023 and further increased to the current value of Rs 1,650 per sq.ft in 2024.

Overall, the changes between revisions show a substantial increase. The guideline value rose by 275% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then increased by 49% from 2017 to 2023. The most recent revision from 2023 to 2024 reflects a 10% increase. From 2007 to 2024, the overall increase is 313%.

Guideline values in Hastinapuram

In Hastinapuram village, there are 277 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 2,970 per sq.ft, placing East Mosque Street's 2024 figure below that median.

• Erikarai Street: Rs 1,650 per sq.ft (2024)
• Gajalakshmi Nagar: Rs 3,850 per sq.ft (2024)
• Dhamodharan Nagar: Rs 2,970 per sq.ft (2024)
• Gandhi Street: Rs 2,970 per sq.ft (2024)
• Ganesh Nagar: Rs 3,850 per sq.ft (2024)
• Gangaiamman Koil Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in East Mosque Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total cost for these fees Rs 1,48,500. 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers East Mosque Street?

The Sub Registrar Office that covers East Mosque Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value is a critical factor in the registration process for property transactions in Hastinapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of East Mosque Street?

The current guideline value of East Mosque Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 400 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 313% over the years.

What is the land classification for East Mosque Street?

East Mosque Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for East Mosque Street?

The Sub Registrar Office for East Mosque Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000.