Guideline Value for Mawlieswarar Nagar

Mawlieswarar Nagar guideline value

The current guideline value of Mawlieswarar Nagar is Rs 2,650 per sq.ft, effective from 1 July 2024. This area is located in Moulivakkam village, under the Kunrathur SRO, and is classified as Mixed Special Type - I.

How the guideline value of Mawlieswarar Nagar has changed

The guideline value for Mawlieswarar Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 155 per sq.ft, which increased dramatically to Rs 2,400 per sq.ft in 2012, marking a rise of 1448%. However, it dropped to Rs 1,608 per sq.ft in 2017, a decrease of 33%. The value then rose again to Rs 2,400 per sq.ft in 2023, and finally, it reached the current figure of Rs 2,650 per sq.ft in 2024, reflecting an increase of 10% from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, the guideline value has risen from Rs 155 per sq.ft in 2003 to Rs 2,650 per sq.ft in 2024, which is an increase of 1610%. The register has no figures for the years 2002 and 2007 for this street.

Guideline values in Moulivakkam

In Moulivakkam, there are 44 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 2,000 to Rs 3,900 per sq.ft. The median guideline value for these streets is Rs 2,450 per sq.ft, placing Mawlieswarar Nagar's 2024 figure above this median.

• Mettu Street: Rs 2,450 per sq.ft (2024)
• Mangadu Road: Rs 2,650 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 2,450 per sq.ft (2024)
• Madha Nagar: Rs 2,650 per sq.ft (2024)
• L.T. Avenue: Rs 2,650 per sq.ft (2024)
• Lakshmi Nagar: Rs 2,650 per sq.ft (2024)

Stamp duty and registration fee for property in Mawlieswarar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,650 per sq.ft, the total guideline value would be Rs 26,50,000. The stamp duty at 7% would be Rs 1,85,500, and the registration fee at 2% would be Rs 53,000, making the total cost Rs 2,38,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mawlieswarar Nagar?

The Mawlieswarar Nagar area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Moulivakkam. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions are conducted at a fair price as per government regulations.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the state receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Mawlieswarar Nagar?

The current guideline value of Mawlieswarar Nagar is Rs 2,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 155 per sq.ft in 2003 to Rs 2,650 per sq.ft in 2024, marking an overall increase of 1610%.

What is the land classification for Mawlieswarar Nagar?

Mawlieswarar Nagar is classified as Mixed Special Type - I, which affects its guideline value and usage.

Where can I find the registration office for Mawlieswarar Nagar?

The registration office for Mawlieswarar Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Mawlieswarar Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.