Guideline Value for Sri Moogambigai Nagar

Sri Moogambigai Nagar guideline value

The current guideline value of Sri Moogambigai Nagar is Rs 900 per sq.ft, effective from 1 July 2024. This area is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sri Moogambigai Nagar has changed

Over the years, the guideline value for Sri Moogambigai Nagar has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 100 per sq.ft. This increased significantly to Rs 900 per sq.ft in 2012, marking an increase of 800%. However, in 2017, the value dropped to Rs 603 per sq.ft, a decrease of 33%. The guideline value then rose to Rs 900 per sq.ft in 2023 and remained unchanged in 2024.

From 2017 to 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 800%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO, with guideline values ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value in this area is Rs 800 per sq.ft, placing Sri Moogambigai Nagar's 2024 figure above that median.

• Sri Sakthi Sai Nagar: Rs 300 per sq.ft (2024)
• South Reddy Street: Rs 1,500 per sq.ft (2024)
• Somanadhapuram Yadhaval Street: Rs 250 per sq.ft (2024)
• Somanadhapuram Pandara Street: Rs 250 per sq.ft (2024)
• Somanadhapuram Muthurampillai Street: Rs 250 per sq.ft (2024)
• Somanadhaburam Bjanai KoilStreet: Rs 250 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 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, leading to a total of Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Moogambigai Nagar?

The Sub Registrar Office covering Sri Moogambigai Nagar is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Uthiramerur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This value helps in assessing the financial obligations that the buyer must fulfill during the registration process.

Frequently asked questions

What is the current guideline value of Sri Moogambigai Nagar?

The current guideline value of Sri Moogambigai Nagar is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 100 per sq.ft in 2007 to Rs 900 per sq.ft in 2012. It then decreased to Rs 603 per sq.ft in 2017 and returned to Rs 900 per sq.ft in 2023 and 2024.

What are the stamp duty and registration fees for property in Sri Moogambigai Nagar?

For a 1,000 sq.ft plot at Rs 900 per sq.ft, the total guideline value is Rs 9,00,000. The stamp duty would be Rs 63,000, and the registration fee would be Rs 18,000, totaling Rs 81,000.

Which Sub Registrar Office covers Sri Moogambigai Nagar?

The Uthiramerur Sub Registrar Office covers Sri Moogambigai Nagar, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value of a property, which is essential for calculating the stamp duty and registration fees during a transaction. It ensures that all property transactions are conducted with transparency and adherence to legal standards.