Guideline Value for Sri Moogambikai Nagar

Sri Moogambikai Nagar guideline value

The current guideline value for Sri Moogambikai Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Kunduperumpedu village under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Sri Moogambikai Nagar has changed

The guideline value for Sri Moogambikai Nagar has seen several revisions over the years. The figures are as follows: in 2012, the guideline value was Rs 250 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value decreased to Rs 167 per sq.ft. The 2023 revision saw the value return to Rs 250 per sq.ft, and the 2024 revision maintained this rate. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Between the revisions, the most significant change occurred from 2017 to 2023, with a 50% increase. The value remained the same from 2023 to 2024, indicating no change. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 250 per sq.ft.

Guideline values in Kunduperumpedu

Kunduperumpedu village has a total of 35 streets under the Sriperumpudur SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 500 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Sri Moogambikai Nagar's 2024 figure above this median.

• Sri Padmanaba Nagar: Rs 200 per sq.ft (2024)
• Sri Isvaryam Garden: Rs 300 per sq.ft (2024)
• Sri Saravana Nagar: Rs 200 per sq.ft (2024)
• Sky city: Rs 200 per sq.ft (2024)
• Shriradi Sai Nagar: Rs 300 per sq.ft (2024)
• Selvam Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Moogambikai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, resulting in a total of Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Moogambikai Nagar?

The Sub Registrar Office that covers Sri Moogambikai Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when registering a property in Kunduperumpedu. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When you buy or sell property in this area, the guideline value helps in calculating the applicable fees, which are based on the higher value between the guideline and the sale price. This ensures transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value for Sri Moogambikai Nagar?

The current guideline value for Sri Moogambikai Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft in 2012, 2023, and 2024, with a decrease to Rs 167 per sq.ft in 2017. There were no figures available for the years 2002, 2003, and 2007.

What is the median guideline value for streets in Kunduperumpedu?

The median guideline value for the 35 streets in Kunduperumpedu is Rs 200 per sq.ft. Sri Moogambikai Nagar's guideline value is above this median.

How is stamp duty calculated for properties in Sri Moogambikai Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 250 per sq.ft, the stamp duty would be Rs 17,500.

Which office handles property registrations for Sri Moogambikai Nagar?

The Sriperumpudur Sub Registrar Office handles property registrations for Sri Moogambikai Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.