Guideline Value for Ethka Mosque street @Kuskan street

Ethka Mosque street @Kuskan street guideline value

The current guideline value of Ethka Mosque street @Kuskan street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Muthialpet village, under the Chennai North Joint I SRO, and is classified as Residential Class I Type - III.

How the guideline value of Ethka Mosque street @Kuskan street has changed

Over the years, the guideline value of Ethka Mosque street has seen several revisions. Starting from the 2002 revision, the guideline value was Rs 1,232 per sq.ft. This increased to Rs 1,401 per sq.ft in 2003, marking a 14% rise. The value continued to grow, reaching Rs 1,500 per sq.ft in 2007, which was a 7% increase. However, in 2012, the value dropped to Rs 4,500 per sq.ft, representing a decrease of 33%. The 2017 revision saw a significant increase to Rs 3,015 per sq.ft, which was a 49% rise. The value further increased to Rs 4,500 per sq.ft in 2023, before reaching the current figure of Rs 4,900 per sq.ft in 2024, which is a 9% increase.

It is important to note that there are no figures available for the years not mentioned in this register. The overall change from the 2002 revision to the current 2024 revision shows an increase of 298%.

Guideline values in Muthialpet

In Muthialpet village, there are 160 streets under the Chennai North Joint I SRO, with guideline values ranging from Rs 3,800 to Rs 18,000 per sq.ft. The median guideline value for these streets is Rs 5,500 per sq.ft, placing Ethka Mosque street's 2024 figure below that median.

• Ethka Mosque lane: Rs 4,900 per sq.ft (2024)
• Errabalu street: Rs 16,500 per sq.ft (2024)
• Francis street (Joseph street): Rs 7,700 per sq.ft (2024)
• Geels lane: Rs 4,900 per sq.ft (2024)
• Geels street: Rs 7,700 per sq.ft (2024)
• Girims street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Ethka Mosque street @Kuskan street

For a property on Ethka Mosque street @Kuskan street, the guideline value for a 1,000 sq.ft plot is Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, while the registration fee at 2% would be Rs 98,000. Together, these fees total Rs 4,41,000. 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 information.

Which Sub Registrar Office covers Ethka Mosque street @Kuskan street?

The Sub Registrar Office that covers Ethka Mosque street @Kuskan street is the Chennai North Joint I Sub Registrar Office, located at Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-105. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Muthialpet. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the authorities.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ethka Mosque street @Kuskan street?

The current guideline value of Ethka Mosque street @Kuskan street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,232 per sq.ft in 2002 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 298% across the years.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 4,41,000, based on the guideline value of Rs 49,00,000.

Which Sub Registrar Office covers Ethka Mosque street @Kuskan street?

The Chennai North Joint I Sub Registrar Office covers Ethka Mosque street @Kuskan street, located at Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-105.

What is the land classification of Ethka Mosque street @Kuskan street?

Ethka Mosque street @Kuskan street is classified as Residential Class I Type - III.