Guideline Value for MOOGAMBIGAI NAGAR

Moogambigai Nagar guideline value

The current guideline value of Moogambigai Nagar is Rs 1,000 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri Sub Registrar Office and is classified as Commercial Class I Type - II land.

How the guideline value of Moogambigai Nagar has changed

Over the years, the guideline value of Moogambigai Nagar has seen several revisions. The earliest recorded revision was in 2007, where the guideline value was Rs 230 per sq.ft. This figure increased significantly in 2012 to Rs 1,000 per sq.ft, marking a substantial rise of 335%. However, in 2017, the value decreased to Rs 670 per sq.ft, which was a decline of 33%. The most recent revision in 2023 saw the guideline value return to Rs 1,000 per sq.ft, reflecting an increase of 49% from the previous revision.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 335%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Kolapakkam

Currently, there are no specific village figures provided for Kolapakkam. Moogambigai Nagar is one of the streets under the Gooduvancheri SRO. Unfortunately, there are no other streets in Kolapakkam listed at this time.

Stamp duty and registration fee for property in Moogambigai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, while the registration fee at 2% would be Rs 20,000. Together, the total cost for stamp duty and registration fee would be Rs 90,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Moogambigai Nagar?

The Sub Registrar Office that covers Moogambigai Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Kolapakkam. It is used to determine the stamp duty and registration fees that must be paid to the government, ensuring that the transaction is legally recognized.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value at the time of sale.

Frequently asked questions

What is the current guideline value of Moogambigai Nagar?

The current guideline value of Moogambigai Nagar is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 230 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and returned to Rs 1,000 per sq.ft in 2023.

What is the stamp duty rate for property in Moogambigai Nagar?

The stamp duty rate for property in Moogambigai Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, in the Chengalpattu registration zone.

Are there any other streets in Kolapakkam with guideline values?

Currently, there are no other streets in Kolapakkam listed with guideline values under the Gooduvancheri SRO.