Guideline Value for Mosque Lane

Mosque Lane guideline value

The current guideline value of Mosque Lane is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Aminjikarai village under the AnnaNagar SRO and is classified as Residential Class I Type - III.

How the guideline value of Mosque Lane has changed

The guideline value for Mosque Lane has seen several revisions over the years. In 2002, the value was Rs 627 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2007, marking a rise of 219%. The value then jumped to Rs 6,000 per sq.ft in 2012, reflecting a 200% increase. However, it decreased to Rs 4,020 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 6,000 per sq.ft in 2023, before reaching the current value of Rs 6,600 per sq.ft in 2024, which is a 10% increase from the previous year.

There is no figure available for the year 2003 for Mosque Lane in the register. Overall, from 2002 to 2024, the guideline value has increased by 953%.

Guideline values in Aminjikarai

Aminjikarai village has 99 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing Mosque Lane's 2024 figure above this median.

• Nadhamuni Naidu Street: Rs 5,500 per sq.ft (2024)
• Manjakollai Street: Rs 6,600 per sq.ft (2024)
• Lime Kiln Street: Rs 6,600 per sq.ft (2024)
• North Kasarath Thottam: Rs 3,800 per sq.ft (2024)
• Lakshmi Talkies Road: Rs 14,300 per sq.ft (2024)
• Orphan School Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Mosque Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees together to Rs 5,94,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mosque Lane?

The Sub Registrar Office that covers Mosque Lane is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Aminjikarai. It is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the higher value between the guideline value and the sale price is considered for calculating the applicable duties and fees. This ensures that the government receives the correct amount based on the property's worth as determined by the guideline value.

Frequently asked questions

What is the current guideline value of Mosque Lane?

The current guideline value of Mosque Lane is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 627 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 953% over the years.

What is the registration office for Mosque Lane?

The registration office for Mosque Lane is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty and registration fees for a property in Mosque Lane?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

What is the land classification for Mosque Lane?

Mosque Lane is classified as Residential Class I Type - III under the land classification system in Tamil Nadu.