Guideline Value for Moovender Street (Periyar Nagar)

Moovender Street (Periyar Nagar) guideline value

The current guideline value of Moovender Street (Periyar Nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO and is classified as Residential Class II Type - II.

How the guideline value of Moovender Street (Periyar Nagar) has changed

The guideline value for Moovender Street (Periyar Nagar) has undergone revisions over the years. The earliest available revision is from 2012, which set the value at Rs 1,200 per sq.ft. The most recent revision in 2024 increased this figure to Rs 1,300 per sq.ft, marking an increase of 8% from the 2012 revision.

There are no recorded guideline values for Moovender Street for the years 2002, 2003, 2007, 2017, and 2023, indicating that the only available figures are from 2012 and 2024.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, placing Moovender Street's 2024 figure below this median.

• Mohan Nagar Main Road: Rs 2,400 per sq.ft (2024)
• Mohan Nagar 5th Street: Rs 2,400 per sq.ft (2024)
• Mohan Nagar 4th Street: Rs 2,400 per sq.ft (2024)
• Mohan Nagar 4th Cross Street: Rs 2,400 per sq.ft (2024)
• Mohan Nagar 3rd Street: Rs 2,400 per sq.ft (2024)
• Mohan Nagar 3rd Cross Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Moovender Street (Periyar 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, bringing the total to 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 Moovender Street (Periyar Nagar)?

The Sub Registrar Office covering Moovender Street (Periyar Nagar) is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during property registration in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government collects appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it can impact the overall costs involved in the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Moovender Street (Periyar Nagar)?

The current guideline value of Moovender Street (Periyar Nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024, reflecting an increase of 8%.

Are there any years without a guideline value for Moovender Street?

Yes, the guideline value register has no figures for Moovender Street for the years 2002, 2003, 2007, 2017, and 2023.

What is the median guideline value for streets in Madambakkam?

The median guideline value for streets in Madambakkam is Rs 2,400 per sq.ft, which is higher than the current value of Moovender Street.

Where can I find the Sub Registrar Office for Moovender Street (Periyar Nagar)?

The Sub Registrar Office for Moovender Street (Periyar Nagar) is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.