Guideline Value for Mookambigai Nagar

Mookambigai Nagar guideline value

The current guideline value of Mookambigai Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Nemili_B village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Mookambigai Nagar has changed

The guideline value for Mookambigai Nagar has undergone several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 167 per sq.ft. This was followed by the 2023 revision, where the value remained unchanged at Rs 250 per sq.ft. The current 2024 revision also maintains the value at Rs 250 per sq.ft, indicating no change from the previous year.

From the 2017 to 2023 revision, there was a 50% increase in the guideline value. Overall, from 2017 to 2024, the guideline value has increased by 50%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with the median being Rs 250 per sq.ft. Mookambigai Nagar's 2024 figure is equal to this median.

• Murugan Koil Street: Rs 200 per sq.ft (2024)
• Mettu Street: Rs 200 per sq.ft (2024)
• Nadu Street: Rs 200 per sq.ft (2024)
• Marthamman Koil Street: Rs 200 per sq.ft (2024)
• Marshal Share: Rs 300 per sq.ft (2024)
• Nehru Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Mookambigai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, making the total fees Rs 22,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mookambigai Nagar?

The Sub Registrar Office that covers Mookambigai Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Nemili_B. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing underreporting of property prices. This value is essential for both buyers and sellers to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Mookambigai Nagar?

The current guideline value of Mookambigai Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Mookambigai Nagar has remained at Rs 250 per sq.ft from 2023 to 2024, showing no change. From 2017 to 2023, there was a 50% increase from Rs 167 per sq.ft to Rs 250 per sq.ft.

What is the land classification of Mookambigai Nagar?

Mookambigai Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office for Mookambigai Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Mookambigai Nagar?

Stamp duty for properties in Mookambigai Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at a rate of 7%.