Guideline Value for MOSQUE 4TH STREET

Mosque 4th Street guideline value

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

How the guideline value of Mosque 4th Street has changed

The guideline value for Mosque 4th Street has undergone several revisions since 2002. In 2002, the guideline value was Rs 511 per sq.ft, which saw a significant increase to Rs 567 per sq.ft in 2003. The value continued to rise, reaching Rs 1,000 per sq.ft in 2007, and then jumped to Rs 4,000 per sq.ft in 2012. However, it decreased to Rs 2,680 per sq.ft in 2017. The most recent revisions saw the value increase to Rs 4,000 per sq.ft in 2023 and further to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The jump from 2007 to 2012 was a remarkable 300%, while the increase from 2003 to 2007 was 76%. Overall, from 2002 to 2024, the guideline value has increased by 761%. There are no figures available for revisions in years other than those specified.

Guideline values in Mambalam

Mambalam village has a total of 163 streets under the Thiyagaraya nagar SRO, with guideline values ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, placing the 2024 figure for Mosque 4th Street below this median.

• Mosque 3 Street: Rs 4,400 per sq.ft (2024)
• Mosque 2 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 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees 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.

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

Which Sub Registrar Office covers Mosque 4th Street?

The Sub Registrar Office that covers Mosque 4th 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 when registering a property in Mambalam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the guideline value, as it influences the overall cost of the transaction. Buyers should ensure they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Mosque 4th Street?

The current guideline value of Mosque 4th 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 changed from Rs 511 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 761% over this period.

What is the median guideline value in Mambalam?

The median guideline value for streets in Mambalam is Rs 6,600 per sq.ft, with Mosque 4th Street's 2024 figure being below this median.

What are the stamp duty and registration fees for property in Mosque 4th Street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations for Mosque 4th Street?

The Thiyagaraya nagar Sub Registrar Office handles property registrations for Mosque 4th Street, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.