Guideline Value for Moolai Theru

Moolai Theru guideline value

The current guideline value of Moolai Theru is Rs 2,310 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village under the Padappai SRO and is classified as Residential Class II Type - I.

How the guideline value of Moolai Theru has changed

The guideline value for Moolai Theru has seen several revisions over the years. The 2012 revision set the value at Rs 2,100 per sq.ft, which was then reduced to Rs 1,407 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,100 per sq.ft in 2023, and the most recent revision in 2024 has set it at Rs 2,310 per sq.ft. The register has no figure for this street in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The latest change from 2023 to 2024 reflects a 10% increase, resulting in an overall increase of 10% from the 2012 revision to the current value in 2024.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,310 per sq.ft, which is equal to the current value of Moolai Theru.

• Moonstone Villas: Rs 2,640 per sq.ft (2024)
• Moovendhar Nagar Extn: Rs 2,970 per sq.ft (2024)
• MOOVENDHAR NAGAR EXTN 9th and 11th Street: Rs 3,960 per sq.ft (2024)
• Mooventhar Nagar: Rs 2,970 per sq.ft (2024)
• Mothilal Street: Rs 2,640 per sq.ft (2024)
• MRK Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Moolai Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value would be Rs 23,10,000. The stamp duty at 7% would amount to Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, bringing the total cost for stamp duty and registration fees to Rs 2,07,900. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Moolai Theru?

The Sub Registrar Office that covers Moolai Theru is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Perungalathur. It is used as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider the guideline value when negotiating the sale price to ensure compliance with registration requirements.

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

Frequently asked questions

What is the current guideline value of Moolai Theru?

The current guideline value of Moolai Theru is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,100 per sq.ft in 2012 to Rs 1,407 per sq.ft in 2017, then to Rs 2,100 per sq.ft in 2023, and finally to Rs 2,310 per sq.ft in 2024.

What is the stamp duty rate for properties in Moolai Theru?

The stamp duty rate for properties in Moolai Theru is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Moolai Theru located?

The Sub Registrar Office for Moolai Theru is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What are the guideline values of other streets in Perungalathur?

Other streets in Perungalathur have varying guideline values, with rates ranging from Rs 1,320 to Rs 5,500 per sq.ft. For example, Moonstone Villas is Rs 2,640 per sq.ft, while Moovendhar Nagar Extn is Rs 2,970 per sq.ft.