Guideline Value for Moogambikai Nagar 3rd Street

Moogambikai Nagar 3rd Street guideline value

The current guideline value of Moogambikai Nagar 3rd Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Moogambikai Nagar 3rd Street has changed

The guideline value for Moogambikai Nagar 3rd Street has undergone several revisions over the years. The earliest recorded figure is from 2003, where the guideline value was Rs 216 per sq.ft. This increased to Rs 300 per sq.ft in 2007, marking a 39% rise. The value then saw a significant jump to Rs 1,072 per sq.ft in 2017, which is a 257% increase from the 2007 figure. In 2023, the guideline value was further revised to Rs 1,600 per sq.ft, reflecting a 49% increase from 2017. The most recent revision in 2024 has set the guideline value at Rs 1,760 per sq.ft, which is a 10% increase from the previous year.

There are no recorded guideline values for Moogambikai Nagar 3rd Street for the years 2002 and 2012. Overall, from 2003 to 2024, the guideline value has increased by 715%.

Guideline values in Anakaputhur

Anakaputhur village has 501 streets under the Pammal SRO, with guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft as of 2024. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Moogambikai Nagar 3rd Street below this median.

• Moorthy Nagar: Rs 2,860 per sq.ft (2024)
• Muduvu Street: Rs 1,320 per sq.ft (2024)
• Mugambigai Nagar 1st Street: Rs 1,760 per sq.ft (2024)
• Mugambigai Nagar 2nd Cross Street: Rs 1,760 per sq.ft (2024)
• Mugambigai Nagar 2nd Street: Rs 1,760 per sq.ft (2024)
• Mugambigai Nagar Dobigana Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Moogambikai Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees together to Rs 1,58,400. Please 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 Moogambikai Nagar 3rd Street?

The Sub Registrar Office that covers Moogambikai Nagar 3rd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Anakaputhur. It serves as a benchmark for determining the minimum value of a property for registration purposes. When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these fees reflect the value of the property being transferred.

It is important for buyers and sellers to be aware of the guideline value as it can affect the overall cost of transactions. The guideline value must be considered when negotiating the sale price, as the higher of the guideline value or sale price will be used for calculating applicable duties and fees.

Frequently asked questions

What is the current guideline value of Moogambikai Nagar 3rd Street?

The current guideline value of Moogambikai Nagar 3rd Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 216 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 715% over this period.

What is the registration office for Moogambikai Nagar 3rd Street?

The registration office for Moogambikai Nagar 3rd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Moogambikai Nagar 3rd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 at 7%.

What is the median guideline value for streets in Anakaputhur?

The median guideline value for streets in Anakaputhur is Rs 1,980 per sq.ft, with Moogambikai Nagar 3rd Street's value being below this median at Rs 1,760 per sq.ft.