Guideline Value for MOOPAN MAISTRY 1 ST STREET

Moopan Maistry 1 St Street guideline value

The current guideline value of Moopan Maistry 1 St Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class IV Type - II.

How the guideline value of Moopan Maistry 1 St Street has changed

Over the years, the guideline value of Moopan Maistry 1 St Street has seen several revisions. The 2007 revision recorded a guideline value of Rs 1,050 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in the 2012 revision. However, it then decreased to Rs 2,680 per sq.ft in the 2017 revision. The value rose again to Rs 4,000 per sq.ft in the 2023 revision and has now reached Rs 4,400 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In summary, from the 2017 revision to 2023, there was a notable increase of 49%. The overall change from the 2007 revision to the 2024 revision shows a substantial increase of 319%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft, with a median value of Rs 5,800 per sq.ft. Moopan Maistry 1 St Street's 2024 figure is below this median.

• Moopan Maistry 2 Nd Street: Rs 4,400 per sq.ft (2024)
• Mooppan Maistry Street: Rs 4,400 per sq.ft (2024)
• Mullai Street: Rs 3,800 per sq.ft (2024)
• Minor Trustpuram Main Road: Rs 6,300 per sq.ft (2024)
• Minor Trustpuram 3rd Cross Street: Rs 6,300 per sq.ft (2024)
• Minor Trustpuram 2nd Cross Street: Rs 6,300 per sq.ft (2024)

Stamp duty and registration fee for property in Moopan Maistry 1 St Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Moopan Maistry 1 St Street?

The Sub Registrar Office that covers Moopan Maistry 1 St Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Puliyur. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the officially recognized value of the property.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and fairness in property transactions, aligning the sale price with government assessments.

Frequently asked questions

What is the current guideline value of Moopan Maistry 1 St Street?

The current guideline value of Moopan Maistry 1 St Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,050 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 319% over the years.

What is the land classification for Moopan Maistry 1 St Street?

Moopan Maistry 1 St Street is classified as Residential Class IV Type - II.

Where can I find the Kodambakkam Sub Registrar Office?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in Moopan Maistry 1 St Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at 7%.