Guideline Value for MOONSTONE VILLAS

Moonstone Villas guideline value

The current guideline value of Moonstone Villas in Perungalathur village is Rs 2,640 per sq.ft, effective from the 2024 revision. This property falls under the Padappai SRO and is classified as Residential Class I Type - I.

How the guideline value of Moonstone Villas has changed

In the 2017 revision, the guideline value was Rs 1,608 per sq.ft. This figure increased significantly to Rs 2,400 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw the guideline value increase further to Rs 2,640 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,310 per sq.ft, placing Moonstone Villas above this median.

• Moolai Theru: Rs 2,310 per sq.ft (2024)
• Moovendhar Nagar Extn: Rs 2,970 per sq.ft (2024)
• MOOVENDHAR NAGAR EXTN 9th and 11th Street: Rs 3,960 per sq.ft (2024)
• Mooventhar Nagar: Rs 2,970 per sq.ft (2024)
• Mothilal Street: Rs 2,640 per sq.ft (2024)
• MRK Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Moonstone Villas

For a 1,000 sq.ft plot at the current guideline value of Rs 2,640 per sq.ft, the total guideline value amounts to Rs 26,40,000. The stamp duty, charged at 7%, would be Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, bringing the total fees to Rs 2,37,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Moonstone Villas?

The Sub Registrar Office that covers Moonstone Villas is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. For more information, you can find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Perungalathur. It determines the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. Buyers and sellers should be aware of these values to avoid any unexpected costs during the registration process.

Frequently asked questions

What is the current guideline value for Moonstone Villas?

The current guideline value for Moonstone Villas is Rs 2,640 per sq.ft, effective from the 2024 revision.

How much has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 1,608 per sq.ft in 2017 to Rs 2,640 per sq.ft in 2024, which is a total increase of 64% over this period.

What is the stamp duty rate for properties in Moonstone Villas?

The stamp duty rate for properties in Moonstone Villas is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for Moonstone Villas?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What are the guideline values for other streets in Perungalathur?

Other streets in Perungalathur have varying guideline values. For example, Moolai Theru has a guideline value of Rs 2,310 per sq.ft, while Moovendhar Nagar Extn has a value of Rs 2,970 per sq.ft.