Guideline Value for MOOGAMBIGAI NAGAR (WARD-21)

Moogambigai Nagar (Ward-21) guideline value

The current guideline value of Moogambigai Nagar (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Konathi village under the Chengleput Joint II SRO and is classified as Residential Class II Type - I.

How the guideline value of Moogambigai Nagar (Ward-21) has changed

In the 2012 revision, the guideline value was Rs 600 per sq.ft. It then decreased to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 600 per sq.ft in the 2023 revision, marking a 49% increase from the 2017 figure. The latest revision in 2024 has set the value at Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figure for this street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Konathi

In Konathi, there are 131 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,500 per sq.ft. The median value for these streets is Rs 770 per sq.ft, making the guideline value of Moogambigai Nagar (Ward-21) below this median.

• Mooppanar Street (Ward-20): Rs 880 per sq.ft (2024)
• Mgr Street (Ward-21): Rs 660 per sq.ft (2024)
• Muthulinga Devar Street (Ward-21): Rs 660 per sq.ft (2024)
• Nandhakumar Street, Thailavaram (Ward-21): Rs 660 per sq.ft (2024)
• Narasimman Nagar (Ward-21): Rs 1,980 per sq.ft (2024)
• Narasimman Street (Ward-21): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Moogambigai Nagar (Ward-21)

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. 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 Moogambigai Nagar (Ward-21)?

The Chengleput Joint II Sub Registrar Office covers Moogambigai Nagar (Ward-21). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Konathi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the guideline value is used to calculate the applicable fees, ensuring that the transaction is documented at a fair value as per government regulations. This helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Moogambigai Nagar (Ward-21)?

The current guideline value of Moogambigai Nagar (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 600 per sq.ft in 2012, decreased to Rs 402 per sq.ft in 2017, increased to Rs 600 per sq.ft in 2023, and is now Rs 660 per sq.ft in 2024.

What is the median guideline value in Konathi?

The median guideline value for the streets in Konathi is Rs 770 per sq.ft, while Moogambigai Nagar's value is below this median at Rs 660 per sq.ft.

What are the stamp duty and registration fees for properties in Moogambigai Nagar?

For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 59,400 based on the current guideline value of Rs 6,60,000.

Which office handles registrations for Moogambigai Nagar?

The Chengleput Joint II Sub Registrar Office handles registrations for Moogambigai Nagar (Ward-21), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.