Guideline Value for NAMACHIVAYAPURAM (MOARI) EAST

Namachivayapuram (Moari) East guideline value

The current guideline value of Namachivayapuram (Moari) East is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Perambur village and falls under the Purasaivakkam SRO. The land classification for this region is Residential Class IV Type - I.

How the guideline value of Namachivayapuram (Moari) East has changed

The guideline value for Namachivayapuram (Moari) East has seen significant changes over the years. In 2003, the guideline value was Rs 369 per sq.ft, which increased to Rs 550 per sq.ft in 2007, marking a 49% rise. By 2012, the value remained at Rs 2,000 per sq.ft, reflecting no change from the previous revision. The 2023 revision also held the value steady at Rs 2,000 per sq.ft. However, in 2024, the guideline value rose to Rs 2,200 per sq.ft, indicating a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 496%. The revisions for the years 2017 and 2002 do not have figures listed for this street in the register.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value of Namachivayapuram (Moari) East is below this median.

• Nagavalli Amman Koil Street: Rs 3,800 per sq.ft (2024)
• Nagathamman Koil Sathyvanimuthu 2nd Lane: Rs 2,700 per sq.ft (2024)
• Nagathamman Koil Sathyavani Muthu 8th Lane: Rs 2,700 per sq.ft (2024)
• Nagathamman Koil Sathyavani Muthu 7th Lane: Rs 2,700 per sq.ft (2024)
• Nagathamman Koil Sathyavanimuthu 6th Lane: Rs 2,700 per sq.ft (2024)
• Nagathamman Koil Sathyavani Muthu 5th Lane: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Namachivayapuram (Moari) East

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Namachivayapuram (Moari) East?

The Sub Registrar Office that covers Namachivayapuram (Moari) East is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

When buying or selling property in Perambur, the guideline value serves as a benchmark for determining the stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the current guideline value to ensure accurate calculations during the registration process.

The guideline value is utilized by the registration office to assess the value of the property being transacted. This ensures that the appropriate fees are collected based on the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Namachivayapuram (Moari) East?

The current guideline value of Namachivayapuram (Moari) East is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 369 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting a total increase of 496% over this period.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Namachivayapuram (Moari) East?

The Purasaivakkam Sub Registrar Office covers Namachivayapuram (Moari) East, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Namachivayapuram (Moari) East?

The land classification for Namachivayapuram (Moari) East is Residential Class IV Type - I.