Guideline Value for Mooventher Nagar Annexe

Mooventher Nagar Annexe guideline value

The current guideline value of Mooventher Nagar Annexe is Rs 2,090 per sq.ft, effective from 1 July 2024. This area is located in Noombal village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Mooventher Nagar Annexe has changed

The guideline value for Mooventher Nagar Annexe has seen significant changes over the years. In 2003, the guideline value was Rs 97 per sq.ft, which rose to Rs 1,273 per sq.ft in 2017, marking an increase of 1212%. By 2023, it further increased to Rs 1,900 per sq.ft, representing a 49% rise from the previous revision. The most recent revision in 2024 shows a guideline value of Rs 2,090 per sq.ft, reflecting a 10% increase from 2023.

There are no figures available for the revisions in 2002, 2007, and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 2055%.

Guideline values in Noombal

Noombal village has 164 streets under the Kunrathur SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median guideline value is Rs 2,090 per sq.ft, which is the same as the current figure for Mooventher Nagar Annexe.

• Mooventher Nagar Phase 1: Rs 2,090 per sq.ft (2024)
• Moogambigai Nagar Ist Cross Street: Rs 2,090 per sq.ft (2024)
• Moventher Nagar: Rs 2,090 per sq.ft (2024)
• Moogambigai Nagar 2nd Cross Street: Rs 2,090 per sq.ft (2024)
• Moogambigai Nagar: Rs 2,860 per sq.ft (2024)
• Mettu Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Mooventher Nagar Annexe

For a 1,000 sq.ft plot at the current rate of Rs 2,090 per sq.ft, the guideline value totals Rs 20,90,000. The stamp duty at 7% amounts to Rs 1,46,300, while the registration fee at 2% is Rs 41,800. Together, these fees total Rs 1,88,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Mooventher Nagar Annexe?

The Kunrathur Sub Registrar Office covers Mooventher Nagar Annexe, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Noombal. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, 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 Mooventher Nagar Annexe?

The current guideline value of Mooventher Nagar Annexe is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 97 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024, reflecting an overall increase of 2055% over the years.

Where can I find the registration office for Mooventher Nagar Annexe?

The registration office for Mooventher Nagar Annexe is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What are the stamp duty rates for properties in Mooventher Nagar Annexe?

The stamp duty for properties in Mooventher Nagar Annexe is charged at a rate of 7% on the higher of the guideline value or the sale price.

How can I calculate the registration fees?

The registration fee is calculated at a rate of 2% of the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for precise calculations.