Guideline Value for Mosque Street, Nagelkeni

Mosque Street, Nagelkeni guideline value

The current guideline value of Mosque Street, Nagelkeni is Rs 1,980 per sq.ft, effective from 1 July 2024. This street falls within Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Mosque Street, Nagelkeni has changed

In the 2017 revision, the guideline value was Rs 1,206 per sq.ft. This increased significantly to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, there has been a substantial increase of 64% in the guideline value.

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, with a median value of Rs 2,090 per sq.ft. The guideline value of Mosque Street, Nagelkeni is below this median.

• Mosque Street, Dr.Ambedhar Nagar: 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, Nagelkeni

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, while the registration fee at 2% would be Rs 39,600, bringing the total to 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 use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mosque Street, Nagelkeni?

The Sub Registrar Office that covers Mosque Street, Nagelkeni 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 crucial factor when buying or selling property in Pammal, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay during the property transaction.

When a property is sold, the guideline value ensures that the transaction is recorded accurately and fairly, reflecting the property's value as determined by the local authorities. Buyers should be aware that the guideline value can vary significantly between different streets and areas within Pammal.

Frequently asked questions

What is the current guideline value of Mosque Street, Nagelkeni?

The current guideline value of Mosque Street, Nagelkeni is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the median guideline value in Pammal?

The median guideline value in Pammal for 2024 is Rs 2,090 per sq.ft, while Mosque Street, Nagelkeni's value is below this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles property registrations for Mosque Street, Nagelkeni?

The Pammal Sub Registrar Office is responsible for handling property registrations for Mosque Street, Nagelkeni, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.