Guideline Value for Sultanapettai Mosque Street

Sultanapettai Mosque Street guideline value

The current guideline value of Sultanapettai Mosque Street is Rs 1,870 per sq.ft, effective from 1 July 2024. This street is located in Mangadu -A village under the Kunrathur SRO, classified as Residential Class I Type - I.

How the guideline value of Sultanapettai Mosque Street has changed

The guideline value for Sultanapettai Mosque Street has undergone several revisions over the years. In the 2017 revision, the value was Rs 1,139 per sq.ft. It increased to Rs 1,700 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set 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 increased 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 carrying 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 equal to the current value of Sultanapettai Mosque Street.

• Sultanapettai South Street: Rs 1,870 per sq.ft (2024)
• Sultan Nagar: Rs 1,870 per sq.ft (2024)
• Sultanpettai Bazzar Road: Rs 1,870 per sq.ft (2024)
• Sultanpettai Street: Rs 1,870 per sq.ft (2024)
• Sulthanpettai: Rs 1,870 per sq.ft (2024)
• Subha Mangala Nagar: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sultanapettai Mosque Street

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 fees to Rs 1,68,300. Please note that 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 details.

Which Sub Registrar Office covers Sultanapettai Mosque Street?

The Sultanapettai Mosque Street falls under the jurisdiction of 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 is a crucial factor during the registration of property transactions in Mangadu -A. It determines the minimum value on which the stamp duty and registration fees are calculated, ensuring that the government receives due revenue from property transactions.

When buying or selling property, both the buyer and seller must be aware of the guideline value, as it influences the overall costs involved in the transaction. Accurate knowledge of this value helps in better financial planning and compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Sultanapettai Mosque Street?

The current guideline value of Sultanapettai Mosque Street is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,139 per sq.ft to Rs 1,870 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 18,70,000, the stamp duty would be Rs 1,30,900 and the registration fee would be Rs 37,400, totaling Rs 1,68,300.

Which office handles the registration of properties in Sultanapettai Mosque Street?

The registration of properties in Sultanapettai Mosque Street is managed by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the significance of the guideline value in property transactions?

The guideline value plays a vital role in determining the minimum value for calculating stamp duty and registration fees during property transactions, ensuring compliance with legal requirements.