Guideline Value for MOSQUE LANE (PLOT NO.3A PLOT NO.17)

Mosque Lane (Plot No.3a Plot No.17) guideline value

The current guideline value for Mosque Lane (Plot No.3a Plot No.17) is Rs 4,400 per sq.ft, effective from 1 July 2024. This property is located in Saidapet village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Mosque Lane (Plot No.3a Plot No.17) has changed

The guideline value for Mosque Lane has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 482 per sq.ft. This value increased to Rs 731 per sq.ft in 2003, marking a 52% rise. The next revision in 2007 set the value at Rs 1,300 per sq.ft, which was a significant increase of 78%. In 2012, the guideline value was Rs 4,000 per sq.ft, reflecting a substantial jump of 208% from the previous figure. However, it decreased by 33% to Rs 2,680 per sq.ft in 2017. The value then rose to Rs 4,000 per sq.ft in 2023, and the most recent revision in 2024 has set the value at Rs 4,400 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 813%. It is important to note that there are no figures available in the register for the years not mentioned.

Guideline values in Saidapet

Saidapet village has a total of 106 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, which is equal to the guideline value for Mosque Lane (Plot No.3a Plot No.17).

• Mosque Pallam: Rs 4,400 per sq.ft (2024)
• Mosque Street: Rs 4,400 per sq.ft (2024)
• Murahari Road: Rs 3,300 per sq.ft (2024)
• Nagalingam Street: Rs 3,300 per sq.ft (2024)
• Nara Lane: Rs 3,300 per sq.ft (2024)
• Narayanasamy 1st Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Mosque Lane (Plot No.3a Plot No.17)

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 to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mosque Lane (Plot No.3a Plot No.17)?

The Sub Registrar Office that covers Mosque Lane (Plot No.3a Plot No.17) is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Saidapet. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When the property is registered, the guideline value is used to calculate the applicable duties, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Mosque Lane (Plot No.3a Plot No.17)?

The current guideline value of Mosque Lane (Plot No.3a Plot No.17) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 482 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 813% over the years.

What is the median guideline value for streets in Saidapet?

The median guideline value for streets in Saidapet under the Chennai South Joint II SRO is Rs 4,400 per sq.ft, which is the same as the guideline value for Mosque Lane (Plot No.3a Plot No.17).

What are the stamp duty and registration fees for a property in Mosque Lane?

For a 1,000 sq.ft plot at the current guideline value, the total 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 the registration for Mosque Lane (Plot No.3a Plot No.17)?

The registration for Mosque Lane (Plot No.3a Plot No.17) is handled by the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.