Guideline Value for Moulana Nagar 1st Street

Moulana Nagar 1st Street guideline value

The current guideline value of Moulana Nagar 1st Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Moulana Nagar 1st Street has changed

The guideline value for Moulana Nagar 1st Street has seen several revisions over the years. In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 1,005 per sq.ft. However, the value increased significantly in the 2023 revision to Rs 1,500 per sq.ft, followed by a further increase to Rs 1,650 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 7,700 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is equal to the current value of Moulana Nagar 1st Street.

• Moulana Nagar 10th Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 2 nd Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 3rd Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 4 th Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 5 th Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 6 th Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Moulana Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost together to Rs 1,48,500. 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 Moulana Nagar 1st Street?

The Moulana Nagar 1st Street falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, 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 Kadaperi

The guideline value is a crucial factor when registering property transactions in Kadaperi. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the registration process reflects fair pricing.

When a buyer or seller approaches the Sub Registrar Office, the guideline value is used to calculate applicable fees such as stamp duty and registration fees, which are necessary for completing the transaction legally.

Frequently asked questions

What is the current guideline value of Moulana Nagar 1st Street?

The current guideline value of Moulana Nagar 1st Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 1,500 per sq.ft in 2023 to Rs 1,650 per sq.ft in 2024, marking a 10% rise.

What is the land classification for Moulana Nagar 1st Street?

The land classification for Moulana Nagar 1st Street is Residential Class I Type - II.

Where can I find the Sub Registrar Office for Moulana Nagar 1st Street?

The Sub Registrar Office covering Moulana Nagar 1st Street is the Tambaram Joint 1 SRO, located at No.26, mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Moulana Nagar 1st Street?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 16,50,000, the stamp duty at 7% would be Rs 1,15,500.