Guideline Value for MOOPAN MAISTRY 2 ND STREET

Moopan Maistry 2 Nd Street guideline value

The current guideline value of Moopan Maistry 2 Nd Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Moopan Maistry 2 Nd Street has changed

The guideline value for Moopan Maistry 2 Nd Street has seen several revisions over the years. The earliest recorded value was Rs 1,050 per sq.ft in 2007, which increased significantly to Rs 4,000 per sq.ft in 2012. However, this value dropped to Rs 2,680 per sq.ft in 2017, before rising again to Rs 4,000 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 319%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for the area is Rs 5,800 per sq.ft, placing Moopan Maistry 2 Nd Street's 2024 figure below that median.

• Moopan Maistry 1 St 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 2 Nd 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, while the registration fee at 2% would be Rs 88,000. Together, these fees would total 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 2 Nd Street?

The Sub Registrar Office that covers Moopan Maistry 2 Nd 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 crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Puliyur, the guideline value helps in calculating the stamp duty and registration fees that need to be paid during the registration process.

Frequently asked questions

What is the current guideline value of Moopan Maistry 2 Nd Street?

The current guideline value of Moopan Maistry 2 Nd 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, with various revisions in between, including a significant drop in 2017 and a rise in 2024.

What is the median guideline value in Puliyur?

The median guideline value for Puliyur is Rs 5,800 per sq.ft, which is higher than the current value of Moopan Maistry 2 Nd Street.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, while the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 4,400 per sq.ft would incur a total of Rs 3,96,000 in fees.

Where is the Kodambakkam Sub Registrar Office located?

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