Guideline Value for Mounasamy madam Street

Mounasamy madam Street guideline value

The current guideline value of Mounasamy madam Street is Rs 5,100 per sq.ft, effective from 1 July 2024. It is located in Ambattur village under the Ambattur SRO, classified as Residential Special Type - I.

How the guideline value of Mounasamy madam Street has changed

The guideline value for Mounasamy madam Street has seen several revisions over the years. Starting from the 2012 revision, the value was Rs 4,700 per sq.ft. This figure decreased to Rs 3,149 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value increased significantly to Rs 4,700 per sq.ft in the 2023 revision, and then further rose to Rs 5,100 per sq.ft in the 2024 revision, reflecting a growth of 9% from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for Mounasamy madam Street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. Mounasamy madam Street's 2024 figure of Rs 5,100 per sq.ft is above this median.

• M.T.H Road: Rs 6,500 per sq.ft (2024)
• Moogambigai complex: Rs 2,600 per sq.ft (2024)
• M.T.H.Road(Segment)(Police Station to Indl. Estate): Rs 6,500 per sq.ft (2024)
• Mugunthan Street: Rs 3,600 per sq.ft (2024)
• Murugappa iyer St.: Rs 3,000 per sq.ft (2024)
• Murugappa reddy 1st Street: Rs 3,000 per sq.ft (2024)

Stamp duty and registration fee for property in Mounasamy madam Street

For a 1,000 sq.ft plot at the current rate of Rs 5,100 per sq.ft, the guideline value amounts to Rs 51,00,000. The stamp duty at 7% would be Rs 3,57,000, and the registration fee at 2% would be Rs 1,02,000, totaling Rs 4,59,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mounasamy madam Street?

The Sub Registrar Office that covers Mounasamy madam Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial aspect when buying or selling property in Ambattur. It serves as a benchmark for determining the market value of properties and is used to calculate the stamp duty and registration fees during the transaction process.

At the time of registration, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Mounasamy madam Street?

The current guideline value of Mounasamy madam Street is Rs 5,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,700 per sq.ft in 2012 to Rs 3,149 per sq.ft in 2017, then to Rs 4,700 per sq.ft in 2023, and finally to Rs 5,100 per sq.ft in 2024.

What is the land classification for Mounasamy madam Street?

Mounasamy madam Street is classified as Residential Special Type - I under the Ambattur SRO.

What are the registration fees for properties on this street?

For a property valued at Rs 51,00,000, the stamp duty would be Rs 3,57,000 and the registration fee would be Rs 1,02,000, totaling Rs 4,59,000.

Which office handles registrations for Mounasamy madam Street?

The Ambattur Sub Registrar Office handles registrations for Mounasamy madam Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.