Guideline Value for MOOPPANAR STREET (WARD-20)

Mooppanar Street (Ward-20) guideline value

The current guideline value of Mooppanar Street (Ward-20) is Rs 881 per sq.ft, effective from 1 July 2024. This street is located in Thailavaram village under the Chengleput Joint II SRO, and it falls under the Residential Class I Type - II land classification.

How the guideline value of Mooppanar Street (Ward-20) has changed

The guideline value for Mooppanar Street has seen several revisions over the years. In 2012, the value was Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. Following this, the value increased significantly to Rs 800 per sq.ft in 2023, and then further rose to Rs 881 per sq.ft in 2024, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 49%. Overall, comparing the figures from 2012 to 2024, there has been a 10% increase in the guideline value per sq.ft.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing Mooppanar Street's 2024 figure above this median.

• Moogambigai Nagar (Ward-21): Rs 660 per sq.ft (2024)
• Mgr Street (Ward-21): Rs 660 per sq.ft (2024)
• Muthulinga Devar Street (Ward-21): Rs 660 per sq.ft (2024)
• Nandhakumar Street, Thailavaram (Ward-21): Rs 660 per sq.ft (2024)
• Narasimman Nagar (Ward-21): Rs 1,980 per sq.ft (2024)
• Narasimman Street (Ward-21): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Mooppanar Street (Ward-20)

For a 1,000 sq.ft plot at the current guideline value of Rs 881 per sq.ft, the total guideline value amounts to Rs 8,81,000. The stamp duty at 7% would be Rs 61,670, and the registration fee at 2% would be Rs 17,620, bringing the total to Rs 79,290. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mooppanar Street (Ward-20)?

The Sub Registrar Office that covers Mooppanar Street (Ward-20) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Thailavaram. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps in establishing a baseline for the property's worth. Buyers and sellers should be aware of the guideline value to understand the potential costs associated with the registration process.

Frequently asked questions

What is the current guideline value of Mooppanar Street (Ward-20)?

The current guideline value of Mooppanar Street (Ward-20) is Rs 881 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 881 per sq.ft in 2024.

What is the land classification for Mooppanar Street?

Mooppanar Street falls under the Residential Class I Type - II land classification.

What is the median guideline value for streets in Thailavaram?

The median guideline value for the 132 streets in Thailavaram under the Chengleput Joint II SRO is Rs 770 per sq.ft.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.