Guideline Value for MOCHERRI EAST STREET

Mocherri East Street guideline value

The current guideline value of Mocherri East Street is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Mathuranthagam village and falls under the Madurandakam SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Mocherri East Street has changed

Over the years, the guideline value of Mocherri East Street has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 80 per sq.ft. This value increased significantly to Rs 600 per sq.ft in 2012, marking a 650% rise. However, it then decreased to Rs 402 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 600 per sq.ft in 2023, followed by a further increase to Rs 660 per sq.ft in 2024, reflecting a 10% change from the previous year. The register has no figures for the years 2002 and 2003.

From 2007 to 2024, the overall increase in guideline value is 725%. The 2023 revision set the value at Rs 600 per sq.ft, which was a 49% increase from the 2017 figure. The current value of Rs 660 per sq.ft is indicative of the ongoing adjustments in the guideline values for properties in this area.

Guideline values in Mathuranthagam

In Mathuranthagam, there are 109 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,480 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Mocherri East Street's 2024 figure below this median.

• Mocherri Colony: Rs 660 per sq.ft (2024)
• Mocherri Middle Street: Rs 660 per sq.ft (2024)
• Mocherri South Street: Rs 660 per sq.ft (2024)
• Mocherri West Street: Rs 660 per sq.ft (2024)
• Mocherry Northstreet: Rs 660 per sq.ft (2024)
• Middle Street: Rs 1,110 per sq.ft (2024)

Stamp duty and registration fee for property in Mocherri East Street

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mocherri East Street?

The Sub Registrar Office that covers Mocherri East Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Mathuranthagam. It serves as a benchmark for calculating stamp duty and registration fees during the property registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to determine the applicable duties. This ensures that the transaction is recorded accurately and that the appropriate fees are paid to the government. Understanding the guideline value is essential for anyone looking to navigate the real estate market in this area.

Frequently asked questions

What is the current guideline value of Mocherri East Street?

The current guideline value of Mocherri East Street is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Mocherri East Street has changed from Rs 80 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, marking an overall increase of 725% over the years.

What is the land classification for Mocherri East Street?

The land classification for Mocherri East Street is Residential Special Type - III.

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

The Sub Registrar Office for Mocherri East Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,60,000, the stamp duty would be 7% of this amount.