Guideline Value for Moogambika Nagar

Moogambika Nagar guideline value

The current guideline value of Moogambika Nagar is Rs 300 per sq.ft. This area is located in Santhavellur_B village, under the Sunguvarchattram SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Moogambika Nagar has changed

The guideline value for Moogambika Nagar has undergone several revisions over the years. The register shows that in 2017, the guideline value was Rs 201 per sq.ft. This figure remained unchanged at Rs 300 per sq.ft during the 2023 and 2024 revisions, reflecting a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024. The register does not provide figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 300 per sq.ft. This stability follows a significant increase from the 2017 figure, showcasing a consistent value in recent years.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value for the village is Rs 400 per sq.ft, placing Moogambika Nagar's 2024 figure below this median.

• Mother Therasa Nagar: Rs 300 per sq.ft (2024)
• Mettu Street: Rs 850 per sq.ft (2024)
• Maruthi Avenue: Rs 700 per sq.ft (2024)
• Mariamman Kovil Street: Rs 250 per sq.ft (2024)
• New Andal Nagar: Rs 300 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Moogambika Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. 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 Moogambika Nagar?

The Sub Registrar Office covering Moogambika Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Santhavellur_B. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the guideline value helps ensure that the registration reflects a fair value for taxation purposes. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, but the higher of the two will be used for calculating duties.

Frequently asked questions

What is the current guideline value of Moogambika Nagar?

The current guideline value of Moogambika Nagar is Rs 300 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in both 2023 and 2024, marking a 49% increase overall since 2017.

What is the stamp duty rate for properties in Moogambika Nagar?

The stamp duty rate for properties in Moogambika Nagar is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Moogambika Nagar is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.

What other streets have guideline values in Santhavellur_B?

Other streets in Santhavellur_B include Mother Therasa Nagar, Mettu Street, Maruthi Avenue, Mariamman Kovil Street, New Andal Nagar, and Mahalakshmi Nagar, with varying guideline values from Rs 250 to Rs 850 per sq.ft.