Guideline Value for Moogambigai Nagar

Moogambigai Nagar guideline value

The current guideline value of Moogambigai Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This village falls under the Kanchipuram Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Moogambigai Nagar has changed

The guideline value for Moogambigai Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the value to Rs 1,100 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The 2023 to 2024 change represents a 10% increase, while the change from 2017 to 2023 was a significant 49% increase.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO that carry a guideline value for 2024, ranging from Rs 800 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, which is the same as the guideline value for Moogambigai Nagar.

• M.K.N. Nagar: Rs 1,100 per sq.ft (2024)
• Muthusamy Nagar: Rs 1,100 per sq.ft (2024)
• Muvendar Nagar: Rs 1,100 per sq.ft (2024)
• NGO Nagar: Rs 1,100 per sq.ft (2024)
• N S N Nagar: Rs 1,100 per sq.ft (2024)
• Kuppusamy Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Moogambigai Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Moogambigai Nagar?

The Sub Registrar Office that covers Moogambigai Nagar is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sevilimadu - A

The guideline value is a crucial factor during the registration of property transactions in Sevilimadu - A. It serves as the benchmark for calculating stamp duty and registration fees, which are mandatory for legal property transfers.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and transparently. Buyers should be aware of the current guideline value to understand their financial obligations when completing a property deal.

Frequently asked questions

What is the current guideline value of Moogambigai Nagar?

The current guideline value of Moogambigai Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty rates for property in Moogambigai Nagar?

The stamp duty for property in Moogambigai Nagar is 7% of the guideline value or sale price, whichever is higher. For example, on a plot valued at Rs 11,00,000, the stamp duty would be Rs 77,000.

Which office handles property registrations in Moogambigai Nagar?

The Kanchipuram Joint II Sub Registrar Office handles property registrations for Moogambigai Nagar. It is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that transactions are recorded accurately and helps buyers understand their financial obligations.