Guideline Value for MOIDEEN NAGAR

Moideen Nagar guideline value

The current guideline value of Moideen Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024. This area is located in Edayanchavadi village under the Thiruvottiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Moideen Nagar has changed

The guideline value for Moideen Nagar has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 335 per sq.ft. This amount saw a significant increase to Rs 1,000 per sq.ft in the 2023 revision, marking a 199% rise. The 2024 revision has set the guideline value at Rs 1,001 per sq.ft, showing no change from the previous year.

There are no recorded figures for the revisions in the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 199%.

Guideline values in Edayanchavadi

In Edayanchavadi, there are 23 streets under the Thiruvottiyur SRO that have a guideline value for 2024, ranging from Rs 1,000 to Rs 1,100 per sq.ft. The median guideline value for these streets is Rs 1,001 per sq.ft, which is equal to the current value of Moideen Nagar.

• M.R.F. Nagar: Rs 1,001 per sq.ft (2024)
• M.D. Avenue: Rs 1,001 per sq.ft (2024)
• Manali New Town T N H B & C M D A: Rs 1,100 per sq.ft (2024)
• Lakshmi Nagar Extn: Rs 1,001 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,001 per sq.ft (2024)
• Lakshmikathammal Nagar: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Moideen Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total cost for these fees to Rs 90,090. It is important to 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 on calculating fees.

Which Sub Registrar Office covers Moideen Nagar?

The Sub Registrar Office covering Moideen Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

When buying or selling property in Edayanchavadi, the guideline value plays a crucial role in determining the stamp duty and registration fees. This value is set by the government and is used as a benchmark for transactions, ensuring that the fees are calculated fairly based on the property's worth.

During the registration process, the guideline value is referenced to assess the applicable fees. Buyers and sellers should be aware that the fees are calculated based on the higher of the guideline value or the actual sale price, which may impact the overall transaction costs.

Frequently asked questions

What is the current guideline value of Moideen Nagar?

The current guideline value of Moideen Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 335 per sq.ft to Rs 1,001 per sq.ft in 2024, marking a total increase of 199%.

What is the land classification of Moideen Nagar?

Moideen Nagar is classified as Residential Class I Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for a property in Moideen Nagar?

For a property valued at Rs 10,01,000, the stamp duty would be Rs 70,070 and the registration fee would be Rs 20,020, totaling Rs 90,090.

Where is the Sub Registrar Office for Moideen Nagar located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019, covering Moideen Nagar.