Guideline Value for MOCHERRI MIDDLE STREET

Mocherri Middle Street guideline value

The current guideline value of Mocherri Middle 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 Middle Street has changed

The guideline value for Mocherri Middle Street has undergone several revisions over the years. In 2007, the value was set at Rs 80 per sq.ft, which saw a significant increase to Rs 600 per sq.ft in 2012. However, this was followed by a decrease to Rs 402 per sq.ft in 2017. The value then rose to Rs 600 per sq.ft in 2023, and most recently, it has been revised to Rs 660 per sq.ft in 2024. The register has no figures for the years 2002 and 2003.

Between these revisions, the changes were notable. From 2007 to 2012, there was a remarkable increase of 650%. However, from 2012 to 2017, the value decreased by 33%. The guideline value then increased by 49% from 2017 to 2023, followed by a 10% rise from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 725%.

Guideline values in Mathuranthagam

In Mathuranthagam village, 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, with a median value of Rs 1,100 per sq.ft. Mocherri Middle Street's 2024 figure of Rs 660 per sq.ft is below this median.

• Mocherri East Street: Rs 660 per sq.ft (2024)
• Mocherri South Street: Rs 660 per sq.ft (2024)
• Mocherri Colony: 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 Middle Street

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200, leading to a total of Rs 59,400. 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 accurate calculations.

Which Sub Registrar Office covers Mocherri Middle Street?

The Sub Registrar Office that covers Mocherri Middle Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

When buying or selling property in Mathuranthagam, the guideline value plays a crucial role during the registration process. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers are aware of the financial implications of their transactions.

Additionally, the guideline value serves as a reference point for property transactions in the area. It helps maintain transparency and consistency in property dealings, making it essential for both parties involved in the transaction to understand the current guideline value.

Frequently asked questions

What is the current guideline value of Mocherri Middle Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 80 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, reflecting a significant overall increase of 725% over the years.

What are the stamp duty and registration fees for property in Mocherri Middle Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 46,200 and the registration fee is Rs 13,200, leading to a total of Rs 59,400.

Which Sub Registrar Office covers Mocherri Middle Street?

The Madurandakam Sub Registrar Office covers Mocherri Middle Street, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What is the land classification for Mocherri Middle Street?

The land classification for Mocherri Middle Street is Residential Special Type - III, indicating its designated use for residential purposes.