Guideline Value for Moulana Nagar 8 th Street

Moulana Nagar 8 th Street guideline value

The current guideline value of Moulana Nagar 8 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 8 th Street has changed

The guideline value for Moulana Nagar 8 th Street has seen several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which increased to Rs 1,500 per sq.ft in 2012, a significant rise of 150%. However, it then dropped to Rs 1,005 per sq.ft in 2017, reflecting a decrease of 33%. The value increased again to Rs 1,500 per sq.ft in 2023, followed by the current value of Rs 1,650 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 175%. The revisions for the years 2002 and 2003 do not have any figures recorded 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 guideline value is Rs 1,650 per sq.ft, which is equal to the current figure for Moulana Nagar 8 th Street.

• Moulana Nagar 7 th Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 9 th Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 6 th Street: Rs 1,650 per sq.ft (2024)
• Moulana Nagar 5 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 8 th Street

For a 1,000 sq.ft plot at the current rate, the 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, making the total 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Moulana Nagar 8 th Street?

The Sub Registrar Office that covers Moulana Nagar 8 th Street is 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 further assistance.

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

The guideline value is an essential factor in property transactions in Kadaperi, as it serves as a benchmark for determining the market value of a property. When a property is registered, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both the buyer and seller adhere to the legal requirements.

It is crucial for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This value helps in assessing the financial obligations related to the purchase or sale of property in the area.

Frequently asked questions

What is the current guideline value of Moulana Nagar 8 th Street?

The current guideline value of Moulana Nagar 8 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 land classification for Moulana Nagar 8 th Street?

The land classification for Moulana Nagar 8 th Street is Residential Class I Type - II.

Where can I find the Sub Registrar Office for Moulana Nagar 8 th Street?

The Sub Registrar Office for Moulana Nagar 8 th Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Kadaperi?

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