Guideline Value for Mosque Street

Mosque Street guideline value

The current guideline value of Mosque Street in Nallur_2 village, under the Redhills SRO, is Rs 500 per sq.ft. The land classification for this street is Residential Class II Type - I.

How the guideline value of Mosque Street has changed

The guideline value for Mosque Street has undergone several revisions over the years. The most recent revision in 2023 set the value at Rs 500 per sq.ft, an increase from Rs 335 per sq.ft in the 2017 revision, marking a change of +49%. Notably, the register has no figures for the years 2024, 2012, 2007, 2003, and 2002 for this street.

In 2017, the value was Rs 335 per sq.ft, which was a previous benchmark before the significant increase in 2023. The absence of figures for the earlier years indicates that the guideline value for Mosque Street has not been recorded in those revisions.

Guideline values in Nallur_2

Currently, there are no specific village figures available for Nallur_2. Mosque Street is the only street under the Redhills SRO with a guideline value recorded. There are no other streets in Nallur_2 listed.

Stamp duty and registration fee for property in Mosque Street

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. 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?

The Sub Registrar Office that covers Mosque Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO using this find your SRO link.

How the guideline value is used when you buy or sell in Nallur_2

The guideline value is a crucial factor during the registration of property transactions in Nallur_2. It serves as a basis for calculating the stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

When buying or selling property, the guideline value helps determine the official value of the property, which can influence the overall costs involved in the transaction. Buyers and sellers should consider this value when negotiating sale prices and preparing for registration.

Frequently asked questions

What is the current guideline value of Mosque Street?

The current guideline value of Mosque Street is Rs 500 per sq.ft as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 335 per sq.ft to Rs 500 per sq.ft, which is a change of +49%.

Are there any guideline values available for the years before 2017?

The register has no figures for the years 2024, 2012, 2007, 2003, and 2002 for Mosque Street.

What is the stamp duty rate for properties in Mosque Street?

The stamp duty rate for properties in Mosque Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Mosque Street located?

The Sub Registrar Office for Mosque Street is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.