Guideline Value for Moogambigai Nagar

Moogambigai Nagar guideline value

The current guideline value of Moogambigai Nagar is Rs 1,500 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri Sub Registrar Office and is classified as Residential Special Type - I.

How the guideline value of Moogambigai Nagar has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 550 per sq.ft, which increased to Rs 1,500 per sq.ft in 2012, marking a substantial rise of 173%. However, from 2012 to 2017, the value decreased to Rs 1,005 per sq.ft, a decline of 33%. The most recent revision in 2023 brought the value back up to Rs 1,500 per sq.ft, reflecting an increase of 49% from the 2017 figure.

Overall, from 2007 to 2023, the guideline value has increased by 173%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. The guideline value for Moogambigai Nagar stands at Rs 1,500 per sq.ft. Unfortunately, there are no other streets in Vandalur listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Moogambigai Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty, charged at 7%, totals Rs 1,05,000, while the registration fee at 2% is Rs 30,000. The total cost for these fees would be 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Moogambigai Nagar?

The Gooduvancheri Sub Registrar Office covers Moogambigai Nagar. The office is 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 Vandalur

The guideline value is a crucial factor in the registration process when buying or selling property in Vandalur. It determines the amount of stamp duty and registration fees that need to be paid, ensuring that both parties are aware of the financial obligations involved in the transaction.

When a property is sold, the guideline value helps in establishing a baseline for the sale price. It is essential for buyers and sellers to be informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Moogambigai Nagar?

The current guideline value of Moogambigai Nagar is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023.

What are the registration fees for properties in Moogambigai Nagar?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there other streets in Vandalur listed under the Gooduvancheri SRO?

Currently, there are no other streets in Vandalur listed under the Gooduvancheri SRO.