Guideline Value for Mosque Street

Mosque Street guideline value

The current guideline value of Mosque Street in Gooduvancheri village is Rs 1,200 per sq.ft, effective from 1 July 2024. This street falls under the Gooduvancheri SRO and is classified as Residential Class I Type - I.

How the guideline value of Mosque Street has changed

The guideline value for Mosque Street has seen several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which remained unchanged at Rs 1,200 per sq.ft in the 2023 revision. The 2024 revision also maintains the value at Rs 1,200 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, placing Mosque Street's 2024 figure below that median.

• Mohanapriya Nagar Extn: Rs 1,500 per sq.ft (2024)
• Moganapriya Nagar: Rs 1,500 per sq.ft (2024)
• M.K. Nagar: Rs 1,500 per sq.ft (2024)
• M.G.R. Nagar: Rs 1,200 per sq.ft (2024)
• Muthamizhil street: Rs 1,100 per sq.ft (2024)
• Meenakshi Nagar (S.No. 174/1 -6): Rs 2,001 per sq.ft (2024)

Stamp duty and registration fee for property in Mosque Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, while the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mosque Street?

Mosque Street is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Gooduvancheri. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements.

When purchasing or selling property, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This helps in maintaining transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Mosque Street?

The current guideline value of Mosque Street is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in both 2023 and 2024, marking a 49% increase overall during this period.

What is the land classification of Mosque Street?

Mosque Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for Mosque Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Which office handles the registration for Mosque Street?

The Gooduvancheri Sub Registrar Office handles the registration for Mosque Street, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.