Guideline Value for Moulana Nagar 6 th Street

Moulana Nagar 6 th Street guideline value

The current guideline value of Moulana Nagar 6 th 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 6 th Street has changed

The guideline value for Moulana Nagar 6 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, marking a significant rise of 150%. However, from 2012 to 2017, the value decreased to Rs 1,005 per sq.ft, a decline of 33%. The value then rose sharply to Rs 1,500 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 has set the value at Rs 1,650 per sq.ft, representing a 10% increase from the previous year.

It is important to note that 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%.

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 aligns with the current value for Moulana Nagar 6 th Street.

• Moulana Nagar 5 th Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 7 th Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 4 th Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 8 th Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 3rd Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 9 th Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Moulana Nagar 6 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 is Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, while the registration fee at 2% would be Rs 33,000. Together, the total cost for stamp duty and registration fee would be 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. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Moulana Nagar 6 th Street?

The Moulana Nagar 6 th 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. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Kadaperi

The guideline value plays a crucial role in the registration process when buying or selling property in Kadaperi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of real estate in the area.

Frequently asked questions

What is the current guideline value of Moulana Nagar 6 th Street?

The current guideline value of Moulana Nagar 6 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, representing an overall increase of 175%.

What is the stamp duty for properties in Moulana Nagar 6 th Street?

The stamp duty for properties in Moulana Nagar 6 th Street is 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Moulana Nagar 6 th Street?

The Tambaram Joint 1 Sub Registrar Office covers Moulana Nagar 6 th Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What are the other streets in Kadaperi with the same guideline value?

Other streets in Kadaperi with the same guideline value of Rs 1,650 per sq.ft include Moulana Nagar 5 th Street, Moulana Nagar 7 th Street, Moulana Nagar 4 th Street, Moulana Nagar 8 th Street, Moulana Nagar 3rd Street, and Moulana Nagar 9 th Street.