Guideline Value for Moudha Ibrahim Street, Nagelkeni

Moudha Ibrahim Street, Nagelkeni guideline value

The current guideline value of Moudha Ibrahim Street, Nagelkeni is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village under the Pammal SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Moudha Ibrahim Street, Nagelkeni has changed

The guideline value for Moudha Ibrahim Street, Nagelkeni has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,206 per sq.ft, which increased to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased the value by 10% to Rs 1,980 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 to 2024 revisions, the guideline value has increased by 64%.

Guideline values in Pammal

In Pammal, 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. The median value among these streets is Rs 2,090 per sq.ft, placing Moudha Ibrahim Street's 2024 figure below the median.

• Mosses Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Mosses Salai: Rs 2,530 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)
• 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 Moudha Ibrahim 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, and the registration fee at 2% would be Rs 39,600, bringing the total fees together 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Moudha Ibrahim Street, Nagelkeni?

The Sub Registrar Office that covers Moudha Ibrahim 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 during the registration of 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 with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Moudha Ibrahim Street, Nagelkeni?

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

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and then to Rs 1,980 per sq.ft in 2024, marking an overall increase of 64% from 2017 to 2024.

What is the land classification of Moudha Ibrahim Street, Nagelkeni?

Moudha Ibrahim Street, Nagelkeni falls under the Residential Class II Type - II land classification.

How does the guideline value compare to other streets in Pammal?

The guideline value of Moudha Ibrahim Street is Rs 1,980 per sq.ft, which is below the median value of Rs 2,090 per sq.ft for the 926 streets in Pammal under the Pammal SRO.

Where can I find the Sub Registrar Office for Moudha Ibrahim Street, Nagelkeni?

The Pammal Sub Registrar Office, which covers Moudha Ibrahim Street, is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.