Guideline Value for Moulana Nagar 9 th Street

Moulana Nagar 9 th Street guideline value

The current guideline value of Moulana Nagar 9 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, classified as Residential Class I Type - II.

How the guideline value of Moulana Nagar 9 th Street has changed

The guideline value for Moulana Nagar 9 th Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 600 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in 2012, marking a 150% rise. However, the 2017 revision saw a decrease to Rs 1,005 per sq.ft, a drop of 33%. The value then rose to Rs 1,500 per sq.ft in 2023, followed by a further increase to Rs 1,650 per sq.ft in the 2024 revision, representing a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 175%. The register does not have 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 2024 guideline value of Moulana Nagar 9 th Street.

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

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, 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, totaling Rs 1,48,500. Please 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 9 th Street?

The Moulana Nagar 9 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Kadaperi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Moulana Nagar 9 th Street?

The current guideline value of Moulana Nagar 9 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 are the other streets in Kadaperi with the same guideline value?

Other streets in Kadaperi such as Moulana Nagar 8 th Street, 7 th Street, 6 th Street, 5 th Street, 4 th Street, and 3rd Street all share the same guideline value of Rs 1,650 per sq.ft for 2024.

What fees are associated with buying property in Moulana Nagar 9 th Street?

When buying property in Moulana Nagar 9 th Street, the stamp duty is calculated at 7% of the guideline value, and the registration fee is 2% of the guideline value. Together, these fees can add up significantly.

Where can I find the Sub Registrar Office for Moulana Nagar 9 th Street?

The Sub Registrar Office for Moulana Nagar 9 th Street is the Tambaram Joint 1 SRO, located at No.26, Mes Road, East Tambaram, Chennai-600059.