Guideline Value for Moondramkattalai Main Road

Moondramkattalai Main Road guideline value

The current guideline value of Moondramkattalai Main Road is Rs 1,350 per sq.ft, effective from 1 July 2024. This street is located in Moonramkattalai village, under the jurisdiction of the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Moondramkattalai Main Road has changed

The guideline value for Moondramkattalai Main Road has seen several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012. However, it dropped to Rs 804 per sq.ft in 2017, before rising again to Rs 1,200 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 1,350 per sq.ft, marking a 13% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 440%. The changes between revisions include a 380% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, and a 49% increase from 2017 to 2023. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Moonramkattalai

In Moonramkattalai, there are 43 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 650 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 650 per sq.ft, placing the guideline value of Moondramkattalai Main Road above this median.

• Moogambikai Nagar: Rs 1,350 per sq.ft (2024)
• Maruthi Nagar: Rs 650 per sq.ft (2024)
• Mariamman Koil Street: Rs 650 per sq.ft (2024)
• Manickapuram: Rs 650 per sq.ft (2024)
• Ondicherry (Ondi Colony): Rs 1,000 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Moondramkattalai Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,350 per sq.ft, the total guideline value would be Rs 13,50,000. The stamp duty at 7% would amount to Rs 94,500, while the registration fee at 2% would be Rs 27,000, bringing the total cost together to Rs 1,21,500. It is important to note that stamp 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 detailed calculations.

Which Sub Registrar Office covers Moondramkattalai Main Road?

The Moondramkattalai Main Road falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is a critical factor in property transactions in Moonramkattalai, as it determines the amount of stamp duty and registration fees payable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations when transferring property ownership.

When a property is sold, the guideline value serves as a benchmark for calculating the associated costs. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the transaction process.

Frequently asked questions

What is the current guideline value of Moondramkattalai Main Road?

The current guideline value of Moondramkattalai Main Road is Rs 1,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,350 per sq.ft in 2024, with notable fluctuations in between, including a peak of Rs 1,200 per sq.ft in 2012 and a drop to Rs 804 per sq.ft in 2017.

What is the land classification for Moondramkattalai Main Road?

Moondramkattalai Main Road is classified as Residential Special Type - I, indicating its designated use for residential purposes.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles registrations for properties in the area.

How is stamp duty calculated for properties in Moondramkattalai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,50,000, the stamp duty at 7% would be Rs 94,500.