Guideline Value for MOAHANA MUDALI GARDEN

Moahana Mudali Garden guideline value

The current guideline value of Moahana Mudali Garden is Rs 3,200 per sq.ft. This area is located in Perambur village, under the Purasaivakkam SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Moahana Mudali Garden has changed

The guideline value for Moahana Mudali Garden has seen significant changes over the years. In 2002, the guideline value was Rs 420 per sq.ft, which increased to Rs 461 per sq.ft in 2003. Following this, the value rose to Rs 600 per sq.ft in 2007, and then saw a substantial jump to Rs 3,000 per sq.ft in 2012. However, it decreased to Rs 2,010 per sq.ft in 2017, before rising again to Rs 3,000 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 3,200 per sq.ft.

The changes between these revisions are noteworthy. From 2002 to 2003, the increase was +10%. The value then rose by +30% from 2003 to 2007. The jump from 2007 to 2012 was +400%, followed by a decrease of -33% from 2012 to 2017. A significant increase of +49% occurred from 2017 to 2023. Finally, the guideline value increased by +7% from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by +662%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Moahana Mudali Garden's 2024 figure above that median.

• Moahana Mudali Garden All Streets: Rs 3,200 per sq.ft (2024)
• Moahana Mudali Street: Rs 3,200 per sq.ft (2024)
• Mohammed Ismail Street: Rs 2,700 per sq.ft (2024)
• Mkb Nagar West Avenue: Rs 5,400 per sq.ft (2024)
• Mkb Nagar Other Streets: Rs 4,300 per sq.ft (2024)
• Mkb Nagar North Avenue: Rs 5,400 per sq.ft (2024)

Stamp duty and registration fee for property in Moahana Mudali Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 3,200 per sq.ft, the total guideline value would be Rs 32,00,000. The stamp duty at 7% would amount to Rs 2,24,000, and the registration fee at 2% would be Rs 64,000. Together, the total cost for stamp duty and registration fee would be Rs 2,88,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Moahana Mudali Garden?

The Sub Registrar Office that covers Moahana Mudali Garden is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When registering a property, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and legally, protecting the interests of both buyers and sellers.

Frequently asked questions

What is the current guideline value of Moahana Mudali Garden?

The current guideline value of Moahana Mudali Garden is Rs 3,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 420 per sq.ft in 2002 to Rs 3,200 per sq.ft in 2024, reflecting an overall increase of +662% over this period.

What is the land classification for Moahana Mudali Garden?

Moahana Mudali Garden is classified as Residential Class III Type - I.

Where is the Sub Registrar Office located for this area?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

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 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 2,88,000.