Guideline Value for Moopanaar Nagar

Moopanaar Nagar guideline value

The current guideline value of Moopanaar Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Tondaiarpet village and falls under the Royapuram SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Moopanaar Nagar has changed

The guideline value for Moopanaar Nagar has undergone several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which was then doubled to Rs 1,200 per sq.ft in the 2012 revision. There was no figure available for the years 2002, 2003, and 2017. In the 2023 revision, the value remained at Rs 1,200 per sq.ft, but in the 2024 revision, it increased by 8% to Rs 1,300 per sq.ft.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 117%. The changes between the revisions are as follows: from 2007 to 2012, there was a 100% increase; from 2012 to 2023, there was no change; and from 2023 to 2024, the value increased by 8%.

Guideline values in Tondaiarpet

In Tondaiarpet village, there are 1,384 streets under the Royapuram SRO, with guideline values for 2024 ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, placing Moopanaar Nagar's 2024 figure below that median.

• Mothchapuram 1st street: Rs 1,300 per sq.ft (2024)
• Mothchapuram 2nd street: Rs 1,300 per sq.ft (2024)
• Mothchapuram 3rd street: Rs 1,300 per sq.ft (2024)
• Mothchapuram 4th street: Rs 1,300 per sq.ft (2024)
• Mothchapuram 5th street: Rs 1,300 per sq.ft (2024)
• Mothchapuram 6th street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Moopanaar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Moopanaar Nagar?

The Sub Registrar Office that covers Moopanaar Nagar is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration of property transactions in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Moopanaar Nagar?

The current guideline value of Moopanaar Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 117% over this period.

What is the registration office for Moopanaar Nagar?

The registration office for Moopanaar Nagar is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is stamp duty calculated for properties in Moopanaar Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 91,000 based on the current guideline value.

What are the other streets in Tondaiarpet with similar guideline values?

Other streets in Tondaiarpet, such as Mothchapuram 1st to 6th streets, also have a guideline value of Rs 1,300 per sq.ft for 2024, similar to Moopanaar Nagar.