Guideline Value for Moonu Aadhi Street

Moonu Aadhi Street guideline value

The current guideline value of Moonu Aadhi Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Moonu Aadhi Street has changed

The guideline value for Moonu Aadhi Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,320 per sq.ft as per the 2024 revision.

From the 2017 to 2023 revision, there was a notable increase of 49%. The value then rose by 10% from 2023 to 2024. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

In Peerklankaranai village, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value. These values range from Rs 880 to Rs 4,400 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of Moonu Aadhi Street is below this median.

• Mullai Malli Crosst st: Rs 1,320 per sq.ft (2024)
• Mullai Nagar 1ST: Rs 1,100 per sq.ft (2024)
• Mullai Nagar 2ST: Rs 1,100 per sq.ft (2024)
• Mullai Nagar 3ST: Rs 1,100 per sq.ft (2024)
• Mullai Street: Rs 1,320 per sq.ft (2024)
• M.G.R. Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Moonu Aadhi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total charges Rs 1,18,800. 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 Moonu Aadhi Street?

The Sub Registrar Office that covers Moonu Aadhi Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Peerklankaranai

The guideline value is a crucial factor during the registration of property transactions in Peerklankaranai. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is essential for calculating the applicable stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value for Moonu Aadhi Street?

The current guideline value for Moonu Aadhi Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and is now Rs 1,320 per sq.ft in 2024.

What is the land classification for Moonu Aadhi Street?

The land classification for Moonu Aadhi Street is Residential Class I Type - III.

Where can I find the Sub Registrar Office for Moonu Aadhi Street?

The Sub Registrar Office for Moonu Aadhi Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Moonu Aadhi Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 13,20,000, the stamp duty would be Rs 92,400.