Guideline Value for MOOGAMBIGAI NAGAR

Moogambigai Nagar guideline value

The current guideline value of Moogambigai Nagar is Rs 226 per sq.ft, effective from 1 July 2024. This area is located in Kizhnallathur & Melnallathur village under the Manavalanagar SRO, classified as Residential Class II Type - I.

How the guideline value of Moogambigai Nagar has changed

The guideline value for Moogambigai Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 225 per sq.ft, which then decreased to Rs 151 per sq.ft in the 2017 revision. From 2017 to 2023, the value increased by 50%, bringing it back to Rs 226 per sq.ft. The 2024 revision also maintains this value, showing no percentage change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 226 per sq.ft.

Guideline values in Kizhnallathur & Melnallathur

In Kizhnallathur & Melnallathur, there are 67 streets under the Manavalanagar SRO, with guideline values ranging from Rs 175 to Rs 1,201 per sq.ft. The median value is Rs 250 per sq.ft, indicating that the guideline value for Moogambigai Nagar is below this median.

• Murali Nagar: Rs 200 per sq.ft (2024)
• Maruthi Avenue: Rs 250 per sq.ft (2024)
• Pallavan Thirnagar: Rs 300 per sq.ft (2024)
• Pallavan Thirnagar Extension 2: Rs 300 per sq.ft (2024)
• Parvathy Nagar: Rs 300 per sq.ft (2024)
• Kasthuri Bai Nagar: Rs 502 per sq.ft (2024)

Stamp duty and registration fee for property in Moogambigai Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 2,26,000. The stamp duty at 7% would be Rs 15,820, and the registration fee at 2% would be Rs 4,520, totaling Rs 20,340. It is important to note that the 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 Moogambigai Nagar?

The Sub Registrar Office that covers Moogambigai Nagar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Kizhnallathur & Melnallathur

The guideline value is a crucial factor during property registration in Kizhnallathur & Melnallathur. It is used to determine the stamp duty and registration fees that must be paid, ensuring compliance with the legal requirements for property transactions.

When a property is sold or purchased, the guideline value serves as a benchmark for the transaction. Buyers and sellers must consider this value to accurately assess the costs associated with the registration process.

Frequently asked questions

What is the current guideline value of Moogambigai Nagar?

The current guideline value of Moogambigai Nagar is Rs 226 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 225 per sq.ft in 2012 to Rs 151 per sq.ft in 2017, then increased to Rs 226 per sq.ft in 2023 and remains the same in 2024.

What are the guideline values of other streets in Kizhnallathur & Melnallathur?

Other streets in Kizhnallathur & Melnallathur have varying guideline values, ranging from Rs 175 to Rs 1,201 per sq.ft, with the median being Rs 250 per sq.ft.

What fees are associated with property registration in Moogambigai Nagar?

The fees for property registration include stamp duty at 7% of the guideline value and a registration fee at 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 20,340.

Where can I find the Sub Registrar Office for Moogambigai Nagar?

The Sub Registrar Office for Moogambigai Nagar is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.