Guideline Value for Moogambika Nagar

Moogambika Nagar guideline value

The current guideline value of Moogambika Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Santhavellur_C village under the Sunguvarchattram SRO, classified as Residential Class I Type - I.

How the guideline value of Moogambika Nagar has changed

The guideline value for Moogambika Nagar has seen several revisions over the years. The register shows no figures for the years 2002, 2003, 2007, and 2012. The 2017 revision set the value at Rs 201 per sq.ft, which remained unchanged at Rs 300 per sq.ft in the 2023 revision. The latest revision in 2024 also maintains the guideline value at Rs 300 per sq.ft, indicating a 0% change from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49%, reflecting the changes in the area over the years.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, placing Moogambika Nagar's 2024 figure below that median.

• Mother Therasa Nagar: Rs 300 per sq.ft (2024)
• Mettu Street: Rs 250 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 is calculated at 7%, resulting in Rs 21,000, while the registration fee at 2% amounts to Rs 6,000. Therefore, the total cost for stamp duty and registration fees would be Rs 27,000. 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 Moogambika Nagar?

The Sub Registrar Office that covers Moogambika Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Santhavellur_C. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

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 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2023 to 2024, with a 49% increase from Rs 201 per sq.ft in 2017 to 2023, and an overall increase of 49% from 2017 to 2024.

What are the guideline values of other streets in Santhavellur_C?

Other streets in Santhavellur_C have varying guideline values, ranging from Rs 200 to Rs 2,000 per sq.ft, with the median being Rs 350 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% and registration fees at 2% of the higher value between the guideline value and the sale price. For example, a 1,000 sq.ft plot at Rs 300 per sq.ft incurs total fees of Rs 27,000.

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 Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find more information by visiting the provided link.