Guideline Value for Mosses Salai

Mosses Salai guideline value

The current guideline value of Mosses Salai is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Mosses Salai has changed

The guideline value for Mosses Salai has seen significant changes over the years. In 2002, the value was Rs 201 per sq.ft, which increased to Rs 228 per sq.ft in 2003, marking a change of +13%. The value continued to rise, reaching Rs 470 per sq.ft in 2007, a notable increase of +106%. By 2017, the guideline value had jumped to Rs 1,541 per sq.ft, reflecting a substantial increase of +228%. The 2023 revision saw the value rise to Rs 2,300 per sq.ft, an increase of +49%. The most recent revision in 2024 has set the guideline value at Rs 2,530 per sq.ft, which is a +10% increase from the previous year.

It is important to note that the register has no figure for Mosses Salai in 2012. Overall, from 2002 to 2024, the guideline value has increased by +1,159%.

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 Mosses Salai's 2024 figure above the median.

• Mosses Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Mosque Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Mosque Street, Dr.Ambedhar Nagar: Rs 1,980 per sq.ft (2024)
• Moudha Ibrahim 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)

Stamp duty and registration fee for property in Mosses Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would amount to Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, bringing the total cost for these fees to Rs 2,27,700. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mosses Salai?

The Sub Registrar Office that covers Mosses Salai 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 plays a crucial role when buying or selling property in Pammal. It serves as a benchmark for determining the minimum value at which a property can be sold, ensuring that the transaction is registered at a fair value as per government regulations.

During the registration process, the guideline value is used to calculate applicable stamp duty and registration fees. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of Mosses Salai?

The current guideline value of Mosses Salai is Rs 2,530 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 201 per sq.ft in 2002 to Rs 2,530 per sq.ft in 2024, which is an overall increase of +1,159%.

What are the stamp duty and registration fees for property in Mosses Salai?

For a property valued at Rs 25,30,000, the stamp duty would be Rs 1,77,100, and the registration fee would be Rs 50,600, totaling Rs 2,27,700.

Which office handles property registration for Mosses Salai?

The Pammal Sub Registrar Office handles property registration for Mosses Salai, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the guideline value determined for properties in Pammal?

The guideline value is determined based on various revisions by the Registration Department, reflecting changes in property values over time. It serves as a standard for property transactions in the area.