Guideline Value for Moulana Nagar 7 th Street

Moulana Nagar 7 th Street guideline value

The current guideline value of Moulana Nagar 7 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 7 th Street has changed

The guideline value for Moulana Nagar 7 th Street has seen several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which 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, reflecting a 33% drop. The value rose again to Rs 1,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 1,650 per sq.ft, a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 175%. The register does not provide 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 with 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 the same as the current value for Moulana Nagar 7 th Street.

• Moulana Nagar 6 th Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 8 th Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 5 th Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 9 th Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 4 th Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 3rd Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Moulana Nagar 7 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, charged at 7%, would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost for these fees 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Moulana Nagar 7 th Street?

The Moulana Nagar 7 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. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Kadaperi. It is used to determine the stamp duty and registration fees applicable when buying or selling a property. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for ensuring compliance with legal requirements during property transactions. It helps in assessing the financial obligations involved in the registration process, making it a vital aspect for both buyers and sellers.

Frequently asked questions

What is the current guideline value of Moulana Nagar 7 th Street?

The current guideline value of Moulana Nagar 7 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, reflecting an overall increase of 175% over the years.

What is the stamp duty for properties in Moulana Nagar 7 th Street?

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

Where can I find the Sub Registrar Office for Moulana Nagar 7 th Street?

The Sub Registrar Office covering Moulana Nagar 7 th Street is the Tambaram Joint 1 SRO, located at No.26, mes Road, East Tambaram, Chennai-600059.

How is the guideline value determined in Kadaperi?

The guideline value in Kadaperi is determined by the Registration Department's guideline value register, which is periodically revised based on various factors.