Guideline Value for MOOPPAN MAISTRY STREET

Mooppan Maistry Street guideline value

The current guideline value of Mooppan Maistry 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 Mooppan Maistry Street has changed

The guideline value for Mooppan Maistry Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,200 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 233%. However, it then decreased to Rs 2,680 per sq.ft in 2017, a decline of 33%. The value further increased to Rs 4,000 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for Mooppan Maistry Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry 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. Mooppan Maistry Street's 2024 figure is below this median.

• Moopan Maistry 2 Nd Street: Rs 4,400 per sq.ft (2024)
• Moopan Maistry 1 St 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 Mooppan Maistry Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total Rs 3,96,000. It is essential 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 Mooppan Maistry Street?

The Sub Registrar Office that covers Mooppan Maistry 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 plays a critical role when buying or selling property in Puliyur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure they are compliant with local regulations.

At the time of registration, the guideline value is compared with the sale price of the property. The higher value between the two is used to calculate the applicable duties and fees, ensuring that the government receives the correct amount based on the property's worth.

Frequently asked questions

What is the current guideline value of Mooppan Maistry Street?

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

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,200 per sq.ft to Rs 4,400 per sq.ft in 2024, marking an overall increase of 267%.

What are the stamp duty rates for properties in Mooppan Maistry Street?

The stamp duty for properties in Mooppan Maistry Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Mooppan Maistry Street?

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

What is the land classification for Mooppan Maistry Street?

Mooppan Maistry Street is classified as Residential Class IV Type - II under the Kodambakkam SRO.