Guideline Value for Moses Street, Gandhi Nagar

Moses Street, Gandhi Nagar guideline value

The current guideline value of Moses Street, Gandhi Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

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

The guideline value for Moses Street, Gandhi Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, which is an increase from Rs 1,800 per sq.ft in the 2023 revision, marking a 10% rise. Prior to that, the 2017 revision recorded a guideline value of Rs 1,206 per sq.ft, indicating a significant increase of 49% from 2017 to 2023. The register has no figures for this street in the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This reflects the changes in the local real estate landscape over the past few years.

Guideline values in Pammal

In Pammal village, there are 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 value for these streets is Rs 2,090 per sq.ft, placing the 2024 guideline value of Moses Street, Gandhi Nagar below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, leading to a total of Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Moses Street, Gandhi Nagar?

The Sub Registrar Office that covers Moses Street, Gandhi Nagar 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 Pammal

The guideline value is a critical factor in the registration of property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling a property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Moses Street, Gandhi Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, showing an overall increase of 64%.

What is the land classification for Moses Street, Gandhi Nagar?

Moses Street, Gandhi Nagar is classified as Residential Class II Type - II under the current guidelines.

Where can I find the Pammal Sub Registrar Office?

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

How do I calculate stamp duty and registration fees?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. You can use the stamp duty and registration fee calculator for precise calculations.