Guideline Value for Moogambigai complex

Moogambigai complex guideline value

The current guideline value of Moogambigai complex, located in Ambattur village under the Ambattur SRO, is Rs 2,600 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class III Type - I land classification.

How the guideline value of Moogambigai complex has changed

The guideline value for Moogambigai complex has seen several revisions over the years. In 2012, the value was set at Rs 2,400 per sq.ft. This figure decreased to Rs 1,608 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,400 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 2,600 per sq.ft, an 8% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value for these streets is Rs 3,600 per sq.ft, which means that the guideline value for Moogambigai complex is below this median.

• Mounasamy madam Street: Rs 5,100 per sq.ft (2024)
• M.T.H Road: Rs 6,500 per sq.ft (2024)
• M.T.H.Road(Segment)(Police Station to Indl. Estate): Rs 6,500 per sq.ft (2024)
• Mugunthan Street: Rs 3,600 per sq.ft (2024)
• MGR Street (Ramapuram): Rs 3,600 per sq.ft (2024)
• MGR Puram: Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Moogambigai complex

For a 1,000 sq.ft plot at the current guideline value of Rs 2,600 per sq.ft, the total guideline value would be Rs 26,00,000. The stamp duty at 7% would amount to Rs 1,82,000, and the registration fee at 2% would be Rs 52,000, bringing the total fees to Rs 2,34,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Moogambigai complex?

The Moogambigai complex is covered by 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 Ambattur

The guideline value is a crucial factor when buying or selling property in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. When a property is registered, the guideline value is used to calculate the fees, ensuring a standardized approach to property transactions.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. Therefore, it is essential to consider the guideline value when planning a purchase or sale, as it directly impacts the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of Moogambigai complex?

The current guideline value of Moogambigai complex is Rs 2,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,400 per sq.ft in 2012 to Rs 1,608 per sq.ft in 2017, then increased to Rs 2,400 per sq.ft in 2023, and finally to Rs 2,600 per sq.ft in 2024.

What is the land classification for Moogambigai complex?

Moogambigai complex falls under the Residential Class III Type - I land classification.

What are the registration fees for property in Moogambigai complex?

The total registration fees for a 1,000 sq.ft plot at the current guideline value would be Rs 2,34,000, which includes stamp duty and registration fees.

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

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