Guideline Value for Moulana Nagar 2 nd Street

Moulana Nagar 2 nd Street guideline value

The current guideline value of Moulana Nagar 2 nd Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Moulana Nagar 2 nd Street has changed

The guideline value for Moulana Nagar 2 nd Street has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 600 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in 2012, marking a 150% rise. However, in 2017, it dropped to Rs 1,005 per sq.ft, reflecting a decrease of 33%. The value then increased to Rs 1,500 per sq.ft in 2023, and further rose to Rs 1,650 per sq.ft in 2024, which is a 10% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 175%. The significant changes indicate fluctuations in the guideline value over the years, with the most notable increase occurring between 2012 and 2017, and then a steady rise from 2017 to 2024.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 7,700 per sq.ft. The median value is Rs 1,650 per sq.ft, which is equal to the guideline value of Moulana Nagar 2 nd Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would amount to Rs 33,000, making the total cost for these charges 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. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Moulana Nagar 2 nd Street?

The Sub Registrar Office that covers Moulana Nagar 2 nd Street is 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 in the property registration process in Kadaperi. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

When selling property, the guideline value also plays a role in establishing a baseline for negotiations. Buyers and sellers often refer to the guideline value to assess the fairness of the asking price, although the final sale price may vary based on market conditions and individual circumstances.

Frequently asked questions

What is the current guideline value of Moulana Nagar 2 nd Street?

The current guideline value of Moulana Nagar 2 nd 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 from Rs 600 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, marking an overall increase of 175% over the years.

What are the stamp duty and registration fees for properties in Moulana Nagar 2 nd Street?

For a property with a guideline value of Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office is responsible for Moulana Nagar 2 nd Street?

The Tambaram Joint 1 Sub Registrar Office is responsible for Moulana Nagar 2 nd Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification of Moulana Nagar 2 nd Street?

Moulana Nagar 2 nd Street is classified as Residential Class I Type - II according to the local regulations.