Guideline Value for Moogambaigai Nagar 4st Street

Moogambaigai Nagar 4st Street guideline value

The current guideline value of Moogambaigai Nagar 4st Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Ramapuram village and falls under the Chennai South Joint II SRO with a land classification of Residential Class I Type - I.

How the guideline value of Moogambaigai Nagar 4st Street has changed

Over the years, the guideline value for Moogambaigai Nagar 4st Street has seen several revisions. The 2012 revision set the value at Rs 3,500 per sq.ft, which then decreased to Rs 2,345 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,500 per sq.ft in 2023, and then to Rs 3,850 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the increase was 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ramapuram

In Ramapuram, there are 394 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 1,950 to Rs 6,600 per sq.ft. The median value is Rs 3,100 per sq.ft, placing Moogambaigai Nagar 4st Street's 2024 figure above that median.

• Moogambaigai Nagar 3st Street: Rs 3,850 per sq.ft (2024)
• Moogambaigai Nagar 2st Street: Rs 3,850 per sq.ft (2024)
• Moogambaigai Nagar 1st Street: Rs 3,850 per sq.ft (2024)
• Moogambigai Nagar: Rs 3,850 per sq.ft (2024)
• Moogambaigai Nagar Road: Rs 3,850 per sq.ft (2024)
• Moogambigai Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Moogambaigai Nagar 4st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, leading to a total of Rs 3,46,500. 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 detailed calculations.

Which Sub Registrar Office covers Moogambaigai Nagar 4st Street?

The Sub Registrar Office that covers Moogambaigai Nagar 4st Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ramapuram. It is used to determine the stamp duty and registration fees during the buying or selling process. When a property is registered, the guideline value or the sale price is considered, with the higher amount being used for calculating the applicable duties.

This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as per the established guidelines. Buyers and sellers should be aware of the guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Moogambaigai Nagar 4st Street?

The current guideline value of Moogambaigai Nagar 4st Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then increased to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,850 per sq.ft in 2024.

What is the land classification for Moogambaigai Nagar 4st Street?

Moogambaigai Nagar 4st Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 38,50,000, the stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500.

Where can I find the Sub Registrar Office for Moogambaigai Nagar 4st Street?

The Sub Registrar Office covering Moogambaigai Nagar 4st Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.