Guideline Value for Sri Moogambikai Nagar Extn

Sri Moogambikai Nagar Extn guideline value

The current guideline value of Sri Moogambikai Nagar Extn is Rs 2,860 per sq.ft, effective from 1 July 2024. This area is located in Noombal village under the Kunrathur SRO and is classified as Mixed Special Type - I.

How the guideline value of Sri Moogambikai Nagar Extn has changed

The guideline value for Sri Moogambikai Nagar Extn has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 1,742 per sq.ft. This increased to Rs 2,600 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 2,860 per sq.ft, reflecting a 10% increase from 2023 and an overall increase of 64% from the 2017 figure.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The changes in guideline value from 2017 to 2024 indicate a substantial increase, highlighting the evolving valuation of this area.

Guideline values in Noombal

Noombal village features a range of guideline values across its 164 streets under the Kunrathur SRO, with values ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median guideline value in this village is Rs 2,090 per sq.ft, positioning Sri Moogambikai Nagar Extn above this median.

• Sri Krishna Nagar: Rs 2,090 per sq.ft (2024)
• Sri Kamatchi Nagar: Rs 2,090 per sq.ft (2024)
• Sri Padhmavathy Nagar: Rs 2,090 per sq.ft (2024)
• Sri Dhanalakshmi Avenue: Rs 2,090 per sq.ft (2024)
• Sri Balaji Nagar Adithi Avenue: Rs 2,090 per sq.ft (2024)
• Sri Balaji Nagar: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Moogambikai Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the total guideline value amounts to Rs 28,60,000. The stamp duty, calculated at 7%, is Rs 2,00,200, and the registration fee at 2% is Rs 57,200, bringing the total charges to Rs 2,57,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Moogambikai Nagar Extn?

The Sub Registrar Office that covers Sri Moogambikai Nagar Extn is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Noombal. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Moogambikai Nagar Extn?

The current guideline value of Sri Moogambikai Nagar Extn is Rs 2,860 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,742 per sq.ft in 2017 to Rs 2,860 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What is the stamp duty rate for properties in Sri Moogambikai Nagar Extn?

The stamp duty rate for properties in Sri Moogambikai Nagar Extn is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers this area?

The Kunrathur Sub Registrar Office covers Sri Moogambikai Nagar Extn, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the median guideline value in Noombal?

The median guideline value in Noombal is Rs 2,090 per sq.ft, with Sri Moogambikai Nagar Extn's value being above this median.