Guideline Value for Moovendhar Street, Nagelkeni

Moovendhar Street, Nagelkeni guideline value

The current guideline value of Moovendhar Street, Nagelkeni is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Moovendhar Street, Nagelkeni has changed

The guideline value for Moovendhar Street, Nagelkeni has seen significant changes over the years. The 2017 revision recorded a value of Rs 1,206 per sq.ft, which increased to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a guideline value for 2024, ranging from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 2,090 per sq.ft. Moovendhar Street's 2024 guideline value is below this median.

• Moses Street, Easwaran Nagar: Rs 2,750 per sq.ft (2024)
• Moses Street, Gandhi Nagar: Rs 1,980 per sq.ft (2024)
• Mosque Street, Dr.Ambedhar Nagar: Rs 1,980 per sq.ft (2024)
• Mosque Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Mosses Salai: Rs 2,530 per sq.ft (2024)
• Mosses Street / VOC Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Moovendhar Street, Nagelkeni

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total charges together to Rs 1,78,200. 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 Moovendhar Street, Nagelkeni?

The Sub Registrar Office that covers Moovendhar Street, Nagelkeni is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Pammal

The guideline value is a critical factor in the registration process of property transactions in Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in establishing a fair transaction value. Buyers should be aware that the stamp duty is calculated based on this value or the sale price, whichever is higher, thus affecting the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Moovendhar Street, Nagelkeni?

The current guideline value for Moovendhar Street, Nagelkeni is Rs 1,980 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 1,206 per sq.ft to Rs 1,980 per sq.ft in 2024, marking a total increase of 64% over the seven years.

What are the stamp duty rates for property transactions in Pammal?

The stamp duty for property transactions in Pammal is currently set at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Moovendhar Street?

The Sub Registrar Office for Moovendhar Street, Nagelkeni is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the classification of Moovendhar Street, Nagelkeni?

Moovendhar Street is classified as Residential Class II Type - II, indicating its designated use for residential purposes.