Guideline Value for MOSQURE STREET (WARD -17)

Mosqure Street (Ward -17) guideline value

The current guideline value of Mosqure Street (Ward -17) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Mosqure Street (Ward -17) has changed

The guideline value for Mosqure Street has undergone several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2017 revision when it decreased to Rs 335 per sq.ft. Following this, the 2023 revision increased the value to Rs 500 per sq.ft, and the most recent 2024 revision has raised it to Rs 550 per sq.ft, marking a 10% increase from the previous year.

In terms of overall changes, from 2012 to 2024, the guideline value has increased by 10%. The most significant change occurred between 2017 and 2023, where the value jumped by 49%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value for the village is Rs 1,100 per sq.ft, indicating that the 2024 figure for Mosqure Street is below this median.

• M.T.C. Nagar (Pa): Rs 990 per sq.ft (2024)
• Mullai Nagar (Kr): Rs 660 per sq.ft (2024)
• Mgr Salai (Ward -6): Rs 2,200 per sq.ft (2024)
• Murugan Sintigate (Sa): Rs 440 per sq.ft (2024)
• Muthumariamman Koil Street (Ward -15): Rs 440 per sq.ft (2024)
• Muthumariamman Koil Street (Ward -17): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Mosqure Street (Ward -17)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees together to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Mosqure Street (Ward -17)?

The Sub Registrar Office that covers Mosqure Street (Ward -17) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kattankollatur. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring that transactions are conducted fairly and transparently.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees, which are mandatory costs associated with property transfers. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Mosqure Street (Ward -17)?

The current guideline value of Mosqure Street (Ward -17) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the stamp duty for property on Mosqure Street?

The stamp duty for property on Mosqure Street is calculated at 7% of the guideline value. For a plot of 1,000 sq.ft, the stamp duty would amount to Rs 38,500.

What is the registration fee for property in this area?

The registration fee for property in Mosqure Street is charged at 2% of the guideline value. For a 1,000 sq.ft plot, this would be Rs 11,000.

Which office handles property registrations for Mosqure Street?

The Chengleput Joint II Sub Registrar Office handles property registrations for Mosqure Street (Ward -17), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.