Guideline Value for Moogambigai Street

Moogambigai Street guideline value

The current guideline value of Moogambigai Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of Moogambigai Street has changed

The guideline value of Moogambigai Street has seen several revisions over the years. In 2002, the value was Rs 169 per sq.ft, which increased to Rs 182 per sq.ft in 2003, marking an 8% rise. The value then rose significantly to Rs 500 per sq.ft in 2007, representing a 175% increase. Following this, the value jumped to Rs 1,500 per sq.ft in 2012, showing a 200% increase from the previous revision. However, in 2017, the value decreased to Rs 1,005 per sq.ft, reflecting a 33% drop. The value then increased to Rs 1,500 per sq.ft in 2023, before reaching the current value of Rs 1,600 per sq.ft in 2024, which is a 7% increase.

Overall, from 2002 to 2024, the guideline value has increased by 847%. There are no figures available for the revisions in years not listed above.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO carrying a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Moogambigai Street's current guideline value is below this median.

• Moraji Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Mothilal Street (Vinayagapuram): Rs 2,400 per sq.ft (2024)
• M.P.C. Street (Venkateswar Nagar): Rs 1,600 per sq.ft (2024)
• M.P.C. Street (Vinayagapuram): Rs 2,400 per sq.ft (2024)
• Min Nagar extention: Rs 1,900 per sq.ft (2024)
• Min Nagar: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Moogambigai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. 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 Street?

The Sub Registrar Office covering Moogambigai Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the appropriate fees are paid. This value is essential for both buyers and sellers to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Moogambigai Street?

The current guideline value of Moogambigai Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 169 per sq.ft in 2002 to Rs 1,600 per sq.ft in 2024, showing an overall increase of 847% over the years.

What is the registration office for Moogambigai Street?

The registration office for Moogambigai Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the stamp duty rates applicable?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher. Registration fees are charged at 2% of the guideline value.

Where can I find more information about stamp duty and registration fees?

For more information about stamp duty and registration fees, you can use the stamp duty and registration fee calculator.