Guideline Value for Sri Moogambigai Nagar

Sri Moogambigai Nagar guideline value

The current guideline value of Sri Moogambigai Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Kizhavalem village, under the Madurandakam SRO, and is classified as Residential Special Type - III.

How the guideline value of Sri Moogambigai Nagar has changed

The guideline value for Sri Moogambigai Nagar has remained consistent at Rs 400 per sq.ft for both the 2023 and 2024 revisions. Prior to these revisions, the register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

This means that from 2023 to 2024, there has been no change in the guideline value, reflecting a stable valuation for this area over the last two years.

Guideline values in Kizhavalem

In Kizhavalem, there are 19 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 400 per sq.ft. The median value for these streets is Rs 103 per sq.ft, placing Sri Moogambigai Nagar's 2024 figure above that median.

• Sri Ragavendra Nagar: Rs 103 per sq.ft (2024)
• Sriram Nagar: Rs 120 per sq.ft (2024)
• Sri Ranga Nagar: Rs 101 per sq.ft (2024)
• Sri Ranga Nagar Phase - II: Rs 100 per sq.ft (2024)
• Sri Balaji Associates Sri Ranga Nagar State Hith Way Golden City: Rs 100 per sq.ft (2024)
• Sri Vinayaga Nagar: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Moogambigai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total cost for these fees Rs 36,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate estimates based on your specific property details.

Which Sub Registrar Office covers Sri Moogambigai Nagar?

The Sub Registrar Office that covers Sri Moogambigai Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial reference point when buying or selling property in Kizhavalem. It determines the minimum value at which properties can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are essential for the legal transfer of ownership. Buyers and sellers should always refer to the most recent guideline values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sri Moogambigai Nagar?

The current guideline value of Sri Moogambigai Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft for both the 2023 and 2024 revisions. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Sri Moogambigai Nagar?

Sri Moogambigai Nagar is classified as Residential Special Type - III under the current regulations.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total fee of Rs 36,000 based on the current guideline value.

Which office handles registrations in Kizhavalem?

The Madurandakam Sub Registrar Office handles registrations for properties in Kizhavalem. It is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.