Guideline Value for Moses Street, Easwaran Nagar

Moses Street, Easwaran Nagar guideline value

The current guideline value of Moses Street, Easwaran Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal Sub Registrar Office (SRO). The land classification for this area is Commercial Class I Type - II.

How the guideline value of Moses Street, Easwaran Nagar has changed

The guideline value for Moses Street, Easwaran Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 1,675 per sq.ft. This was followed by a significant increase in the 2023 revision, where the value rose to Rs 2,500 per sq.ft, marking a 49% increase. The most recent revision in 2024 has further increased the guideline value to Rs 2,750 per sq.ft, reflecting a 10% rise from the previous year. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This substantial rise indicates the changing landscape of property values in the area.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Moses Street, Easwaran Nagar above this median value.

• Moses Street, Gandhi Nagar: Rs 1,980 per sq.ft (2024)
• Moovendhar Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Mosque Street, Dr.Ambedhar Nagar: Rs 1,980 per sq.ft (2024)
• Mosque Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Mosses Salai: Rs 2,530 per sq.ft (2024)
• Mosses Street / VOC Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Moses Street, Easwaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total charges to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Moses Street, Easwaran Nagar?

The Sub Registrar Office that covers Moses Street, Easwaran Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. This ensures that the fees are calculated fairly based on the official valuation of the property.

When engaging in a property transaction, it is essential to refer to the guideline value to understand the financial implications. Buyers and sellers should be aware that this value can fluctuate based on revisions, and it is advisable to check the latest figures before proceeding.

Frequently asked questions

What is the current guideline value of Moses Street, Easwaran Nagar?

The current guideline value of Moses Street, Easwaran Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles property registrations for Moses Street?

The Pammal Sub Registrar Office handles property registrations for Moses Street, Easwaran Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the guideline value determined?

The guideline value is determined by the Registration Department's guideline value register and is subject to revisions based on market conditions and other factors. It serves as a reference point for property transactions in the area.