Guideline Value for Moogambigai Nagar

Moogambigai Nagar guideline value

The current guideline value of Moogambigai Nagar, located in Kattupakkam village under the Kunrathur SRO, is Rs 2,090 per sq.ft, effective from 1 July 2024. This area falls under Residential Class I Type - I land classification.

How the guideline value of Moogambigai Nagar has changed

The guideline value for Moogambigai Nagar has seen several revisions over the years. In 2003, the guideline value was Rs 90 per sq.ft, which increased significantly to Rs 350 per sq.ft in 2007. This was followed by a remarkable rise to Rs 1,900 per sq.ft in 2012. However, from 2012 to 2017, the value decreased to Rs 1,273 per sq.ft. The 2023 revision set the value at Rs 1,900 per sq.ft, and the most recent 2024 revision has increased it to Rs 2,090 per sq.ft.

Overall, the changes between revisions are notable. The jump from 2017 to 2023 was +49%, while the increase from 2023 to 2024 is +10%. The largest increase occurred between 2007 and 2012, which saw a rise of +443%. From 2003 to 2024, the overall increase in the guideline value is +2222%. The register has no figure for the year 2002 for this street.

Guideline values in Kattupakkam

Kattupakkam village has 75 streets under the Kunrathur SRO, with the 2024 guideline values ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, which is equal to the guideline value of Moogambigai Nagar.

• Mount - Poonamallee trunk Road: Rs 4,290 per sq.ft (2024)
• M.R.V. Avenue: Rs 1,980 per sq.ft (2024)
• M.S. Nagar: Rs 2,090 per sq.ft (2024)
• M.S.R. Nagar: Rs 2,090 per sq.ft (2024)
• M.S.S. Nagar: Rs 3,520 per sq.ft (2024)
• Murugan koil Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Moogambigai Nagar

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 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 Nagar?

The Sub Registrar Office that covers Moogambigai Nagar is 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 Kattupakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Kattupakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is documented accurately. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Moogambigai Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 90 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024, marking an overall increase of +2222% over the years.

What were the guideline values in previous revisions?

In 2023, the guideline value was Rs 1,900 per sq.ft, in 2017 it was Rs 1,273 per sq.ft, in 2012 it was Rs 1,900 per sq.ft, in 2007 it was Rs 350 per sq.ft, and in 2003 it was Rs 90 per sq.ft.

What is the registration fee for a property in Moogambigai Nagar?

The registration fee is calculated based on the guideline value. For a property valued at Rs 20,90,000, the registration fee at 2% would be Rs 41,800.

Where can I find the Sub Registrar Office for Moogambigai Nagar?

The Sub Registrar Office for Moogambigai Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.