Guideline Value for Moon Enclave

Moon Enclave guideline value

The current guideline value of Moon Enclave in 1. Nolambur village is Rs 7,100 per sq.ft, effective from 1 July 2024. This property falls under the Villivakkam SRO and is classified as Residential Special Type - I.

How the guideline value of Moon Enclave has changed

The guideline value for Moon Enclave has seen several revisions over the years. In the 2017 revision, the value was Rs 4,355 per sq.ft, which increased to Rs 6,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 7,100 per sq.ft, reflecting a further increase of 9% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 63%. The register for the years 2002, 2003, 2007, and 2012 does not contain any figures for this street.

Guideline values in 1. Nolambur

In 1. Nolambur, there are 73 streets under the Villivakkam SRO, with the 2024 guideline values ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 7,100 per sq.ft, which is equal to the guideline value for Moon Enclave.

• Mogappair West Garden: Rs 7,100 per sq.ft (2024)
• M.C.K. Layout: Rs 5,500 per sq.ft (2024)
• Mani Nagar: Rs 7,100 per sq.ft (2024)
• Madha Koil Street 1 to 8: Rs 5,500 per sq.ft (2024)
• Madha Koil Street: Rs 5,500 per sq.ft (2024)
• Nolambur Main Road: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in Moon Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, totaling Rs 6,39,000. 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 detailed calculations.

Which Sub Registrar Office covers Moon Enclave?

The Sub Registrar Office that covers Moon Enclave is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For further details, you can find your SRO.

How the guideline value is used when you buy or sell in 1. Nolambur

The guideline value is a crucial factor during the registration of property transactions in 1. Nolambur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a buyer and seller agree on a sale price, the higher amount between the sale price and the guideline value is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Moon Enclave?

The current guideline value of Moon Enclave is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 4,355 per sq.ft to Rs 7,100 per sq.ft in 2024, reflecting a total increase of 63% over the seven years.

What is the land classification for Moon Enclave?

Moon Enclave is classified as Residential Special Type - I, which is a designation used for specific residential developments in the area.

Where can I find the registration office for Moon Enclave?

The registration office for Moon Enclave is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Moon Enclave?

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 71,00,000, the stamp duty would be Rs 4,97,000 at a rate of 7%.