Guideline Value for MOON CITY ANNEX

Moon City Annex guideline value

The current guideline value for Moon City Annex is Rs 100 per sq.ft, effective from 1 July 2024. This property is located in Pakkam village under the Ponneri Sub Registrar Office (SRO) jurisdiction and falls under Residential Class II Type - I land classification.

How the guideline value of Moon City Annex has changed

Looking at the historical revisions, the guideline value for Moon City Annex was Rs 100 per sq.ft in the 2023 revision, which is the same as the current 2024 figure. Prior to that, in the 2017 revision, the value was Rs 67 per sq.ft, indicating a 49% increase from 2017 to 2023. The 2012 revision also recorded a value of Rs 100 per sq.ft, showing a decrease of 33% from 2012 to 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 100 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pakkam

In Pakkam village, there are six streets under the Ponneri SRO that carry a guideline value of Rs 100 per sq.ft for 2024, with this figure being equal to the median of Rs 100 per sq.ft. Moon City Annex is situated at this median value.

• New Sun City: Rs 100 per sq.ft (2024)
• Dreem City: Rs 100 per sq.ft (2024)
• Sri Parvathy Amman Nagar: Rs 100 per sq.ft (2024)
• Thirumalai Nagar: Rs 100 per sq.ft (2024)
• A.T.M. Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Moon City Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Moon City Annex?

The Ponneri Sub Registrar Office covers Moon City Annex, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a crucial reference point during property registration in Pakkam. It is used to determine the stamp duty and registration fees that must be paid, ensuring that the transaction is compliant with state regulations.

When buying or selling property, the guideline value helps establish a baseline for the property's worth, which can influence negotiations and final sale prices. It is essential for both buyers and sellers to be aware of the current guideline value to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value for Moon City Annex?

The current guideline value for Moon City Annex is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with a notable increase of 49% from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023. The value has remained at Rs 100 per sq.ft from 2012 to 2024.

What is the registration office for Moon City Annex?

The registration office for Moon City Annex is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated in Moon City Annex?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, a 1,000 sq.ft plot at the guideline value of Rs 100 per sq.ft would incur a stamp duty of Rs 7,000.

What other streets in Pakkam have the same guideline value?

Other streets in Pakkam that share the same guideline value of Rs 100 per sq.ft include New Sun City, Dreem City, Sri Parvathy Amman Nagar, Thirumalai Nagar, and A.T.M. Nagar.