Guideline Value for Moonai Garden Thottam Pillaiyar Koil Street

Moonai Garden Thottam Pillaiyar Koil Street guideline value

The current guideline value for Moonai Garden Thottam Pillaiyar Koil Street is Rs 4,100 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Moonai Garden Thottam Pillaiyar Koil Street has changed

The guideline value of Moonai Garden Thottam Pillaiyar Koil Street has seen significant changes over the years. The 2007 revision recorded a value of Rs 1,210 per sq.ft, which increased to Rs 2,512 per sq.ft in 2017, marking a substantial rise of 108%. By the 2023 revision, the value had further increased to Rs 3,750 per sq.ft, reflecting a 49% change from the previous revision. The most recent revision in 2024 set the guideline value at Rs 4,100 per sq.ft, which is a 9% increase from 2023. The register has no figures for the years 2002, 2003, and 2012 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 239%. This reflects the evolving real estate landscape in the area, as the values have consistently risen over the years, showcasing the changing dynamics of property valuation.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a guideline value for 2024, ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, indicating that Moonai Garden Thottam Pillaiyar Koil Street's 2024 figure is below this median.

• Moogambikai Street: Rs 4,100 per sq.ft (2024)
• Moovender Street: Rs 3,300 per sq.ft (2024)
• M.P.C. Street (Ma.Po.C) (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Model House: Rs 7,700 per sq.ft (2024)
• M.M. Ramasamy Street: Rs 4,100 per sq.ft (2024)
• Mrs. Indiragandhi Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Moonai Garden Thottam Pillaiyar Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,100 per sq.ft, the total guideline value would be Rs 41,00,000. The stamp duty at 7% would amount to Rs 2,87,000, and the registration fee at 2% would be Rs 82,000, bringing the total fees together to Rs 3,69,000. 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 information on fees applicable to your property transaction.

Which Sub Registrar Office covers Moonai Garden Thottam Pillaiyar Koil Street?

The Sub Registrar Office that covers Moonai Garden Thottam Pillaiyar Koil Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Kodambakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the financial implications involved in the transaction.

It is essential for buyers and sellers to be informed about the guideline value of the property they are dealing with, as it can significantly impact the overall cost of the transaction. Accurate knowledge of the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Moonai Garden Thottam Pillaiyar Koil Street?

The current guideline value of Moonai Garden Thottam Pillaiyar Koil Street is Rs 4,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,210 per sq.ft in 2007 to Rs 4,100 per sq.ft in 2024, showing an overall increase of 239% over the years.

What is the land classification for Moonai Garden Thottam Pillaiyar Koil Street?

The land classification for Moonai Garden Thottam Pillaiyar Koil Street is Residential Class IV Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 41,00,000, the stamp duty would be Rs 2,87,000 and the registration fee would be Rs 82,000, totaling Rs 3,69,000.

Which Sub Registrar Office should I contact for transactions in Moonai Garden Thottam Pillaiyar Koil Street?

The Ashok Nagar Sub Registrar Office is responsible for transactions in Moonai Garden Thottam Pillaiyar Koil Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.