Guideline Value for Mosque Street, Dr.Ambedhar Nagar

Mosque Street, Dr.Ambedhar Nagar guideline value

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

How the guideline value of Mosque Street, Dr.Ambedhar Nagar has changed

The guideline value for Mosque Street has undergone several revisions over the years. The 2017 revision set the value at Rs 1,206 per sq.ft, which increased to Rs 1,800 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 1,980 per sq.ft, marking a 10% increase from the 2023 figure. 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 significant changes between the revisions indicate a steady increase in the guideline value, with a 49% rise from 2017 to 2023.

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 Mosque Street's 2024 figure below this median.

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

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

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

Which Sub Registrar Office covers Mosque Street, Dr.Ambedhar Nagar?

The Sub Registrar Office that covers Mosque Street, Dr.Ambedhar 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 for property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value for Mosque Street, Dr.Ambedhar Nagar?

The current guideline value for Mosque Street, Dr.Ambedhar 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 changed significantly, increasing from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024. This represents an overall increase of 64% over this period.

What is the registration fee for properties in this area?

The registration fee is typically calculated at 2% of the guideline value. For example, for a property valued at Rs 19,80,000, the registration fee would be Rs 39,600.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Mosque Street, Dr.Ambedhar Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more details through the provided link.

What is the range of guideline values for other streets in Pammal?

The guideline values for other streets in Pammal range from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 2,090 per sq.ft. Mosque Street's guideline value is below this median.