Guideline Value for MOOPPANAR STREET (WARD-20)

Mooppanar Street (Ward-20) guideline value

The current guideline value of Mooppanar Street (Ward-20) is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Vallancheri village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - II.

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

The guideline value for Mooppanar Street has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 880 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 800 per sq.ft. Prior to that, in 2017, the value was Rs 536 per sq.ft, showing a significant increase of 49% over the six-year period. The 2012 revision also recorded a value of Rs 800 per sq.ft, indicating a decrease of 33% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that the register has no figures for Mooppanar Street for the years 2002, 2003, and 2007. This lack of data means that the changes in guideline value during those years are not available for review.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 825 per sq.ft. Mooppanar Street's 2024 guideline value of Rs 880 per sq.ft is 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 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees together to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Vallancheri. It is used to determine the applicable stamp duty and registration fees during the registration process. Buyers and sellers must refer to the guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value serves as a benchmark for calculating the costs associated with the transaction. This ensures that all parties are aware of the financial obligations involved in the sale or purchase of property in the area.

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 880 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 2023 to Rs 880 per sq.ft in 2024. It was Rs 536 per sq.ft in 2017 and Rs 800 per sq.ft in 2012.

What is the land classification for Mooppanar Street?

Mooppanar Street is classified as Residential Class I Type - II.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Mooppanar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at 7%.