Guideline Value for Moulana Nagar 3rd Street

Moulana Nagar 3rd Street guideline value

The current guideline value of Moulana Nagar 3rd 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, classified as Residential Class I Type - II.

How the guideline value of Moulana Nagar 3rd Street has changed

The guideline value for Moulana Nagar 3rd Street has undergone several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a 150% rise. However, the value then decreased to Rs 1,005 per sq.ft in 2017, reflecting a 33% drop. The 2023 revision saw a substantial increase to Rs 1,500 per sq.ft, followed by a further rise to Rs 1,650 per sq.ft in 2024, representing a 10% increase.

There are no figures available for Moulana Nagar 3rd Street for the years 2002 and 2003. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 175%.

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 is Rs 1,650 per sq.ft, which is equal to the current value of Moulana Nagar 3rd Street.

• Moulana Nagar 2 nd Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 4 th Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 1st Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 5 th Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 10th 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 3rd 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 to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Moulana Nagar 3rd Street?

The Moulana Nagar 3rd Street is covered by 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 registration process when buying or selling property in Kadaperi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Buyers and sellers should be aware that the guideline value is used to assess the minimum value of the property for registration purposes, ensuring that the transaction is recorded accurately in the official records.

Frequently asked questions

What is the current guideline value of Moulana Nagar 3rd Street?

The current guideline value of Moulana Nagar 3rd 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%.

What is the median guideline value in Kadaperi?

The median guideline value in Kadaperi is Rs 1,650 per sq.ft, which is the same as the current value for Moulana Nagar 3rd Street.

What are the stamp duty and registration fees for a property in Moulana Nagar 3rd Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,48,500, based on the current guideline value of Rs 16,50,000.

Which office handles the registration for Moulana Nagar 3rd Street?

The registration for Moulana Nagar 3rd Street is handled by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.