Guideline Value for Moganapriya Nagar

Moganapriya Nagar guideline value

The current guideline value of Moganapriya Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Moganapriya Nagar has changed

The guideline value for Moganapriya Nagar has remained stable at Rs 1,500 per sq.ft since the 2023 revision. Prior to this, the 2017 revision set the value at Rs 1,005 per sq.ft, marking a significant increase of 49% over the six-year period from 2017 to 2023. The register has no figures for the revisions in 2002, 2003, 2007, and 2012.

From 2017 to 2024, the guideline value has also seen a total increase of 49%, with the current value being equal to the median of Rs 1,500 per sq.ft for other streets in Gooduvancheri. The 2024 revision shows no change from the previous year, indicating a stable valuation for this street.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft. Moganapriya Nagar's 2024 figure is equal to the median of Rs 1,500 per sq.ft. The following are other streets in Gooduvancheri:

• Mohanapriya Nagar Extn: Rs 1,500 per sq.ft (2024)
• M.K. Nagar: Rs 1,500 per sq.ft (2024)
• Mosque Street: Rs 1,200 per sq.ft (2024)
• M.G.R. Nagar: Rs 1,200 per sq.ft (2024)
• Muthamizhil street: Rs 1,100 per sq.ft (2024)
• Meenakshi Nagar (S.No. 174/1 -6): Rs 2,001 per sq.ft (2024)

Stamp duty and registration fee for property in Moganapriya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. 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 Moganapriya Nagar?

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

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

The guideline value is essential during property transactions as it determines the minimum value at which a property must be registered. When buying or selling property in Gooduvancheri, the guideline value helps in calculating the applicable stamp duty and registration fees, ensuring compliance with local regulations.

It is crucial for buyers and sellers to be aware of the guideline value, as it affects the overall costs associated with property transactions. Proper understanding of these values can aid in better financial planning during the buying or selling process.

Frequently asked questions

What is the current guideline value of Moganapriya Nagar?

The current guideline value of Moganapriya Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 49%, from Rs 1,005 per sq.ft to Rs 1,500 per sq.ft as of the 2024 revision.

What are the stamp duty and registration fees for a property in Moganapriya Nagar?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which office handles registrations for Moganapriya Nagar?

The Gooduvancheri Sub Registrar Office handles registrations for Moganapriya Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the guideline value determined in Gooduvancheri?

The guideline value in Gooduvancheri is determined based on various factors, including land classification and the values set for other streets in the area. The current median guideline value for the village is Rs 1,500 per sq.ft.