Guideline Value for MOSQUE 3 STREET

Mosque 3 Street guideline value

The current guideline value of Mosque 3 Street in Mambalam village, under the Thiyagaraya nagar SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class III Type - III.

How the guideline value of Mosque 3 Street has changed

The guideline value for Mosque 3 Street has seen several revisions over the years. In 2002, the value was Rs 511 per sq.ft, which increased to Rs 567 per sq.ft in 2003. Following this, the value rose significantly to Rs 1,000 per sq.ft in 2007, and then to Rs 4,000 per sq.ft in 2012. However, it dropped to Rs 2,680 per sq.ft in 2017 before increasing again to Rs 4,000 per sq.ft in 2023. The latest revision in 2024 has set the guideline value at Rs 4,400 per sq.ft.

In terms of percentage changes, from 2002 to 2003, there was an increase of 11%. From 2003 to 2007, the value rose by 76%. The jump from 2007 to 2012 was an increase of 300%. However, from 2012 to 2017, there was a decrease of 33%. The value then increased by 49% from 2017 to 2023 and finally saw a 10% rise from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 761%.

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 3 Street's 2024 figure below this median.

• Mosque 2 Street: Rs 4,400 per sq.ft (2024)
• Mosque 4th Street: Rs 4,400 per sq.ft (2024)
• Mosque 1 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 3 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, making the total cost Rs 3,96,000. It is important 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 Mosque 3 Street?

The Sub Registrar Office that covers Mosque 3 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mambalam. It is used to calculate the stamp duty and registration fees, which are mandatory for property transactions.

When a property is registered, the guideline value serves as a benchmark to determine the minimum value at which the property can be sold. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Mosque 3 Street?

The current guideline value of Mosque 3 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 undergone several revisions, increasing from Rs 511 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 761% over the years.

What is the land classification for Mosque 3 Street?

The land classification for Mosque 3 Street is Residential Class III Type - III.

What is the median guideline value in Mambalam?

The median guideline value for streets in Mambalam is Rs 6,600 per sq.ft, which is higher than the current value of Mosque 3 Street.

Where is the Sub Registrar Office for Mosque 3 Street located?

The Sub Registrar Office for Mosque 3 Street is located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.