Guideline Value for MOCHERRI WEST STREET

Mocherri West Street guideline value

The current guideline value of Mocherri West Street is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Mathuranthagam village, under the Madurandakam SRO, and is classified as Residential Special Type - III.

How the guideline value of Mocherri West Street has changed

The guideline value for Mocherri West Street has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 80 per sq.ft. This value increased significantly to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017. The 2023 revision set the value at Rs 600 per sq.ft, which then increased by 10% to Rs 660 per sq.ft in 2024.

From 2007 to 2024, the overall increase in guideline value is 725%. The changes between revisions include a 650% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, and a 49% increase from 2017 to 2023. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Mathuranthagam

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

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

Stamp duty and registration fee for property in Mocherri West 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. Duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mocherri West Street?

The Sub Registrar Office that covers Mocherri West 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 in the registration process when buying or selling property in Mathuranthagam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the government registers.

When a property is sold, the guideline value is considered for the transaction if it is higher than the sale price. This ensures that the government collects appropriate fees based on the value of the property as determined by the guideline values set for the area.

Frequently asked questions

What is the current guideline value of Mocherri West Street?

The current guideline value of Mocherri West 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, showing an overall increase of 725% over the years.

What is the land classification for Mocherri West Street?

Mocherri West Street is classified as Residential Special Type - III, which influences its guideline value and usage.

Where is the Sub Registrar Office for Mocherri West Street located?

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

How is stamp duty calculated for properties in Mocherri West Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 660 per sq.ft, the total stamp duty would be Rs 46,200.