Guideline Value for MOOGAMBIGAI NAGAR ANNEX

Moogambigai Nagar Annex guideline value

The current guideline value of Moogambigai Nagar Annex is Rs 1,005 per sq.ft. This area is located in Sholavaram village under the Redhills SRO, classified as Commercial Class I Type - II.

How the guideline value of Moogambigai Nagar Annex has changed

The guideline value for Moogambigai Nagar Annex has remained consistent over the years. The register shows that the figures for the 2017, 2023, and 2024 revisions are all Rs 1,005 per sq.ft. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, and from 2023 to 2024, there was no change in the guideline value, resulting in an overall change of +0% from 2017 to 2024.

Guideline values in Sholavaram

In Sholavaram, there are 98 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 515 to Rs 3,500 per sq.ft. The median value is Rs 660 per sq.ft, making the guideline value for Moogambigai Nagar Annex above this median.

• Moogambigai Nagar Annex-1: Rs 1,165 per sq.ft (2024)
• Murasoli Singaram Nagar: Rs 710 per sq.ft (2024)
• Nehru Street: Rs 1,320 per sq.ft (2024)
• New Diamond City: Rs 550 per sq.ft (2024)
• Loga Surya Nagar: Rs 660 per sq.ft (2024)
• New Star City Diamond: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Moogambigai Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 1,005 per sq.ft, the total guideline value would be Rs 10,05,000. The stamp duty at 7% would amount to Rs 70,350, and the registration fee at 2% would be Rs 20,100, bringing the total fees to Rs 90,450. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Moogambigai Nagar Annex?

The Sub Registrar Office that covers Moogambigai Nagar Annex is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Sholavaram. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory for any property sale or purchase.

When a buyer or seller engages in a transaction, the guideline value is used to determine the applicable fees, ensuring that both parties adhere to the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Moogambigai Nagar Annex?

The current guideline value of Moogambigai Nagar Annex is Rs 1,005 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Moogambigai Nagar Annex has remained unchanged at Rs 1,005 per sq.ft since the 2017 revision, with no figures available for the years 2002, 2003, 2007, and 2012.

What is the classification of land in Moogambigai Nagar Annex?

The land in Moogambigai Nagar Annex is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

Where is the Redhills Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Moogambigai Nagar Annex?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 1,005 per sq.ft results in a total guideline value of Rs 10,05,000, leading to applicable stamp duty and registration fees.