Guideline Value for Moulana Nagar 5 th Street

Moulana Nagar 5 th Street guideline value

The current guideline value of Moulana Nagar 5 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, and is classified as Residential Class I Type - II.

How the guideline value of Moulana Nagar 5 th Street has changed

The guideline value for Moulana Nagar 5 th Street has seen several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased to Rs 1,500 per sq.ft in 2012. However, this value decreased to Rs 1,005 per sq.ft in 2017. The next revision in 2023 saw a significant increase to Rs 1,500 per sq.ft, followed by the current value of Rs 1,650 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 175%. The revisions for the years 2002 and 2003 do not have figures listed for this street in the register.

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 for these streets is Rs 1,650 per sq.ft, which is the same as the current guideline value for Moulana Nagar 5 th Street.

• Moulana Nagar 4 th Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 6 th Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 3rd Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 7 th Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 2 nd Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 8 th Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Moulana Nagar 5 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. 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 5 th Street?

The Moulana Nagar 5 th 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 an essential factor in property transactions within Kadaperi. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration regulations.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that the transaction is legally recognized and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Moulana Nagar 5 th Street?

The current guideline value of Moulana Nagar 5 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 significantly from Rs 600 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024. The highest increase occurred from 2012 to 2017, where the value dropped, but it later rose by 10% from 2023 to 2024.

What is the land classification for Moulana Nagar 5 th Street?

Moulana Nagar 5 th Street is classified as Residential Class I Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

For a property valued at 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. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Moulana Nagar 5 th Street?

The registration for Moulana Nagar 5 th Street is handled by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.