Guideline Value for Moogambigai Nagar 2nd Cross Street

Moogambigai Nagar 2nd Cross Street guideline value

The current guideline value of Moogambigai Nagar 2nd Cross Street is Rs 2,090 per sq.ft, effective from 1 July 2024. This street is located in Noombal village, under the Kunrathur Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - I.

How the guideline value of Moogambigai Nagar 2nd Cross Street has changed

The guideline value for Moogambigai Nagar 2nd Cross Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,273 per sq.ft, which then increased to Rs 1,900 per sq.ft in the 2023 revision. The most recent 2024 revision reflects a significant increase to Rs 2,090 per sq.ft, marking a 10% rise from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Revisions for the years 2002, 2003, 2007, and 2012 have no figures listed for this street. The substantial change from 2017 to 2023 was a 49% increase, highlighting the evolving guideline value in this locality.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, which matches the current value of Moogambigai Nagar 2nd Cross Street.

• Moogambigai Nagar: Rs 2,860 per sq.ft (2024)
• Moogambigai Nagar Ist Cross Street: Rs 2,090 per sq.ft (2024)
• Mooventher Nagar Annexe: Rs 2,090 per sq.ft (2024)
• Mooventher Nagar Phase 1: Rs 2,090 per sq.ft (2024)
• Moventher Nagar: Rs 2,090 per sq.ft (2024)
• Mettu Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Moogambigai Nagar 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value amounts to Rs 20,90,000. The stamp duty at 7% would be Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total to Rs 1,88,100. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Moogambigai Nagar 2nd Cross Street?

The Moogambigai Nagar 2nd Cross Street falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

When buying or selling property in Noombal, the guideline value plays a crucial role in determining the applicable stamp duty and registration fees. The guideline value is used as a benchmark for calculating these fees, ensuring that all transactions are recorded at a standardized value.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of property transactions in the area. Accurate knowledge of the guideline value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Moogambigai Nagar 2nd Cross Street?

The current guideline value of Moogambigai Nagar 2nd Cross Street is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,273 per sq.ft to Rs 2,090 per sq.ft in 2024, marking an overall increase of 64%.

What is the stamp duty for property in Moogambigai Nagar 2nd Cross Street?

The stamp duty for property in Moogambigai Nagar 2nd Cross Street is 7% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Moogambigai Nagar 2nd Cross Street?

The Kunrathur Sub Registrar Office handles registrations for Moogambigai Nagar 2nd Cross Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What are the guideline values of other streets in Noombal?

Other streets in Noombal have varying guideline values, with rates ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median value is Rs 2,090 per sq.ft, which is the same as that of Moogambigai Nagar 2nd Cross Street.