Guideline Value for MOSQURE STREET (WARD -17)

Mosqure Street (Ward -17) guideline value

The current guideline value of Mosqure Street (Ward -17) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO, classified as Residential Class II Type - I.

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

Over the years, the guideline value for Mosqure Street has seen several revisions. The most recent revision in 2024 set the value at Rs 660 per sq.ft, which is an increase from Rs 600 per sq.ft in the 2023 revision, reflecting a 10% rise. Prior to that, the 2017 revision recorded a guideline value of Rs 402 per sq.ft, marking a significant increase of 49% to the 2023 figure. The 2012 revision also showed a value of Rs 600 per sq.ft, which was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

The register has no figures for Mosqure Street for the years 2002, 2003, and 2007. This means that the historical data for these years is unavailable.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Mosqure Street is below this median.

• M.T.C.Nagar Extnsion-I: Rs 990 per sq.ft (2024)
• M.T.C. Nagar (Pa): Rs 990 per sq.ft (2024)
• Mullai Nagar (Kr): Rs 550 per sq.ft (2024)
• Mgr Salai (Ward -6): Rs 2,200 per sq.ft (2024)
• Murugan Sintigate (Sa): Rs 550 per sq.ft (2024)
• Muthumariamman Koil Street (Ward -15): 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 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. It's important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

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 Peramanoor

The guideline value is a critical factor in the registration process when buying or selling property in Peramanoor. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory for property transactions.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable duties and fees. This ensures that the registration reflects the accurate valuation of the property being transacted.

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 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years for Mosqure Street?

The guideline value has changed from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, an increase of 10%. It rose from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2012, showing a significant change over the years.

What is the land classification for Mosqure Street?

Mosqure Street is classified as Residential Class II Type - I. This classification indicates the type of development and usage permitted in the area.

Where can I find the registration office for Mosqure Street?

The registration office for Mosqure Street (Ward -17) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How are stamp duty and registration fees calculated for properties?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. The current rates are 7% for stamp duty and 2% for registration fees.