Guideline Value for MOOPPARAPPAN STREET

Moopparappan Street guideline value

The current guideline value of Moopparappan Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village, under the Thiyagaraya nagar SRO, and is classified as Residential Class II Type - II.

How the guideline value of Moopparappan Street has changed

Over the years, the guideline value of Moopparappan Street has seen significant changes. The guideline value was Rs 759 per sq.ft in 2002, which increased to Rs 843 per sq.ft in 2003, marking an increase of 11%. By 2007, the value rose dramatically to Rs 2,000 per sq.ft, reflecting a 137% increase. The 2012 revision saw a slight increase to Rs 7,000 per sq.ft, but this was followed by a decrease to Rs 4,690 per sq.ft in 2017, which represented a drop of 33%. The guideline value then increased to Rs 7,000 per sq.ft in 2023, and finally to Rs 7,700 per sq.ft in 2024, showing a 10% increase from the previous year.

In summary, from 2002 to 2024, the guideline value has increased by 914%. There are no revisions with figures missing for Moopparappan Street in the register.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median value for these streets is Rs 11,000 per sq.ft, which means Moopparappan Street's 2024 figure is below that median.

• Moosa Sait Street: Rs 11,000 per sq.ft (2024)
• Motilal Street: Rs 14,300 per sq.ft (2024)
• Model House Road: Rs 5,500 per sq.ft (2024)
• Murugan Street: Rs 13,200 per sq.ft (2024)
• Murugesan Street: Rs 11,000 per sq.ft (2024)
• Muthukrishnan Street: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Moopparappan Street

For a 1,000 sq.ft plot at the current rate of Rs 7,700 per sq.ft, the guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total to Rs 6,93,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Moopparappan Street?

The Sub Registrar Office that covers Moopparappan Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Tnagar. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be considered for calculating the applicable fees.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for both buyers and sellers to understand the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Moopparappan Street?

The current guideline value of Moopparappan Street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 759 per sq.ft in 2002 to Rs 7,700 per sq.ft in 2024, representing an overall increase of 914%.

What is the stamp duty rate for properties in Moopparappan Street?

The stamp duty rate for properties in Moopparappan Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Moopparappan Street?

The Thiyagaraya nagar Sub Registrar Office handles property registrations for Moopparappan Street, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

Where can I find more information on stamp duty and registration fees?

You can find more information on stamp duty and registration fees using our stamp duty and registration fee calculator.