Guideline Value for Pattu-Moulivakkam Road

Pattu-Moulivakkam Road guideline value

The current guideline value of Pattu-Moulivakkam Road is Rs 1,870 per sq.ft, effective from 1 July 2024. This road is located in Mangadu -A village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Pattu-Moulivakkam Road has changed

Over the years, the guideline value for Pattu-Moulivakkam Road has seen significant changes. The 2017 revision recorded a value of Rs 1,139 per sq.ft, which increased to Rs 1,700 per sq.ft in the 2023 revision, marking a 49% increase. The latest 2024 revision sets the value at Rs 1,870 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value is Rs 1,870 per sq.ft, which is the same as the current value for Pattu-Moulivakkam Road.

• Pattu Koot Road: Rs 1,540 per sq.ft (2024)
• Periyar Nagar: Rs 1,540 per sq.ft (2024)
• Perumal Koil Street: Rs 2,500 per sq.ft (2024)
• Palandeeswaran Koil Street: Rs 1,540 per sq.ft (2024)
• Padmavathy Nagar: Rs 1,830 per sq.ft (2024)
• Pillaiyar Koil Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Pattu-Moulivakkam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value amounts to Rs 18,70,000. The stamp duty at 7% would be Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total cost for these fees to Rs 1,68,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations based on your property.

Which Sub Registrar Office covers Pattu-Moulivakkam Road?

The Sub Registrar Office that covers Pattu-Moulivakkam Road is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value plays a crucial role in property transactions in Mangadu -A, as it determines the minimum value at which properties can be registered. When buying or selling property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

This ensures that the government receives appropriate revenue from property transactions, and it helps in maintaining a transparent property market. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pattu-Moulivakkam Road?

The current guideline value of Pattu-Moulivakkam Road is Rs 1,870 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From the 2017 revision to the 2024 revision, the guideline value has increased by 64%, going from Rs 1,139 per sq.ft to Rs 1,870 per sq.ft.

What is the registration fee for property in Pattu-Moulivakkam Road?

The registration fee for property in Pattu-Moulivakkam Road is calculated at 2% of the guideline value. For a property valued at Rs 18,70,000, the registration fee would be Rs 37,400.

Which office handles property registrations for Pattu-Moulivakkam Road?

The Kunrathur Sub Registrar Office handles property registrations for Pattu-Moulivakkam Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.

Where can I find more information about stamp duty and registration fees?

You can find more information about stamp duty and registration fees by using the stamp duty and registration fee calculator available online.