Guideline Value for Moorthi Street

Moorthi Street guideline value

The current guideline value of Moorthi Street in Pozhichalur village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Pammal SRO and is classified as Residential Class I Type - II.

How the guideline value of Moorthi Street has changed

The guideline value for Moorthi Street has seen several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. The most recent 2024 revision raised the guideline value to Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, highlighting significant changes in the guideline value over these years.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value is Rs 1,320 per sq.ft, which is the same as the current value for Moorthi Street.

• Moovar Nagar: Rs 1,320 per sq.ft (2024)
• Moobika Nagar: Rs 1,320 per sq.ft (2024)
• M.K.Stalin Street: Rs 1,320 per sq.ft (2024)
• Millima Nagar: Rs 1,320 per sq.ft (2024)
• M.G.R. Street: Rs 1,320 per sq.ft (2024)
• Murugan Street (4): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Moorthi Street

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total fees Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Moorthi Street?

The Sub Registrar Office that covers Moorthi Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Pozhichalur

The guideline value is a critical factor when registering property transactions in Pozhichalur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value serves as a reference point for both parties. It ensures transparency in property transactions and helps avoid disputes regarding property valuations.

Frequently asked questions

What is the current guideline value of Moorthi Street?

The current guideline value of Moorthi Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the other streets in Pozhichalur with similar guideline values?

Other streets in Pozhichalur with a guideline value of Rs 1,320 per sq.ft include Moovar Nagar, Moobika Nagar, M.K.Stalin Street, Millima Nagar, and M.G.R. Street.

What is the stamp duty rate for properties in Moorthi Street?

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

Where can I find the Sub Registrar Office for Moorthi Street?

The Sub Registrar Office for Moorthi Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.