Guideline Value for Moulana Nagar 4 th Street

Moulana Nagar 4 th Street guideline value

The current guideline value of Moulana Nagar 4 th 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, classified as Residential Class I Type - II.

How the guideline value of Moulana Nagar 4 th Street has changed

The guideline value for Moulana Nagar 4 th Street has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 600 per sq.ft. This value increased significantly to Rs 1,500 per sq.ft in 2012, marking a 150% rise. However, it then decreased to Rs 1,005 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 1,500 per sq.ft in 2023, and most recently, it has increased to Rs 1,650 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 175%. It is important to note that there are no recorded figures for the years 2002 and 2003 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 value is Rs 1,650 per sq.ft, which is equal to the current guideline value of Moulana Nagar 4 th Street.

• Moulana Nagar 3rd Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 5 th Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 2 nd Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 6 th Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 1st Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 7 th Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Moulana Nagar 4 th 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 or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Moulana Nagar 4 th Street?

The Moulana Nagar 4 th Street falls under the Tambaram Joint 1 Sub Registrar Office located at No.26, mes Road, East Tambaram, Chennai-600059, 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 plays a crucial role during property transactions in Kadaperi. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal and financial obligations.

When purchasing property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process reflects the true value of the transaction.

Frequently asked questions

What is the current guideline value of Moulana Nagar 4 th Street?

The current guideline value of Moulana Nagar 4 th 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, representing an overall increase of 175% over the years.

What is the land classification for Moulana Nagar 4 th Street?

Moulana Nagar 4 th Street is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Moulana Nagar 4 th Street?

The Sub Registrar Office covering Moulana Nagar 4 th Street is the Tambaram Joint 1 SRO, located at No.26, mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for property in Moulana Nagar 4 th Street?

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