Guideline Value for MOSQUE 2 STREET

Mosque 2 Street guideline value

The current guideline value of Mosque 2 Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Mambalam village under the Thiyagaraya nagar SRO, classified as Residential Class III Type - III.

How the guideline value of Mosque 2 Street has changed

The guideline value for Mosque 2 Street has seen several revisions since 2002. In 2002, the value was Rs 511 per sq.ft, which increased to Rs 567 per sq.ft in 2003. The following revisions were significant, with the value rising to Rs 1,000 per sq.ft in 2007, then to Rs 4,000 per sq.ft in 2012. However, it dropped to Rs 2,680 per sq.ft in 2017, before increasing to Rs 4,000 per sq.ft in 2023, and finally reaching Rs 4,400 per sq.ft in the 2024 revision. The changes between these revisions were +11% from 2002 to 2003, +76% from 2003 to 2007, +300% from 2007 to 2012, -33% from 2012 to 2017, +49% from 2017 to 2023, and +10% from 2023 to 2024.

There are no figures available for the revisions of the years not listed in the register for this street.

Guideline values in Mambalam

In Mambalam, there are 163 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, placing Mosque 2 Street's 2024 figure below the median.

• Mosque 1 Street: Rs 4,400 per sq.ft (2024)
• Mosque 3 Street: Rs 4,400 per sq.ft (2024)
• Mosque 4th Street: Rs 4,400 per sq.ft (2024)
• Model Hutmunt Road: Rs 7,700 per sq.ft (2024)
• Nandhi Loop Road: Rs 7,700 per sq.ft (2024)
• Narasimhan Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Mosque 2 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, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mosque 2 Street?

The Sub Registrar Office that covers Mosque 2 Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Mambalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs associated with the transaction. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Mosque 2 Street?

The current guideline value of Mosque 2 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 increased from Rs 511 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, with various revisions in between showing significant changes.

What is the land classification for Mosque 2 Street?

Mosque 2 Street is classified as Residential Class III Type - III under the Thiyagaraya nagar SRO.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 44,00,000, the total fees would amount to Rs 3,96,000.

Where can I find the Sub Registrar Office for Mosque 2 Street?

The Thiyagaraya nagar Sub Registrar Office is located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35, and it covers Mosque 2 Street.