Guideline Value for THAI MOOGAMBIGAI NAGAR

Thai Moogambigai Nagar guideline value

The current guideline value of Thai Moogambigai Nagar is Rs 1,625 per sq.ft, effective from 1 July 2024. This area is located in Paruthipattu village, under the Avadi SRO, and is classified as Residential Special Type - I.

How the guideline value of Thai Moogambigai Nagar has changed

The guideline value for Thai Moogambigai Nagar has undergone several revisions. In 2012, the guideline value was Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, reflecting a rise of 87%. The most recent revision in 2024 set the guideline value at Rs 1,625 per sq.ft, showing an increase of 8% from the previous year.

It is important to note that the register has no figures for this street for the years 2002, 2003, and 2007. Overall, the guideline value has increased by 35% from 2012 to 2024.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value for these streets is Rs 1,625 per sq.ft, which is equal to the current value of Thai Moogambigai Nagar.

• Tamil Nadu Housing Board (Mig,Hig): Rs 2,640 per sq.ft (2024)
• Tamil Nadu Housing Board (Commercial): Rs 3,275 per sq.ft (2024)
• Tamil Nadu Housing Board (A,B,Lig-I,Lig-II): Rs 1,980 per sq.ft (2024)
• Thennanthoppu Street: Rs 2,050 per sq.ft (2024)
• Sunmathi Avenue: Rs 1,625 per sq.ft (2024)
• Thillai Nagar Indira St, Govarthanagiri: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Thai Moogambigai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,625 per sq.ft, the total guideline value would be Rs 16,25,000. The stamp duty at 7% would amount to Rs 1,13,750, and the registration fee at 2% would be Rs 32,500, bringing the total cost for these fees to Rs 1,46,250. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thai Moogambigai Nagar?

Thai Moogambigai Nagar falls under the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Paruthipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers must be aware that these fees are charged based on the guideline value or the sale price, whichever is higher, making it essential to understand the current guideline values in the area.

Frequently asked questions

What is the current guideline value of Thai Moogambigai Nagar?

The current guideline value of Thai Moogambigai Nagar is Rs 1,625 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,625 per sq.ft in 2024.

What are the other guideline values in Paruthipattu?

In Paruthipattu, the guideline values range from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. Other streets have varying values, with some streets like Tamil Nadu Housing Board (Mig,Hig) at Rs 2,640 per sq.ft.

What fees are associated with buying property in Thai Moogambigai Nagar?

When purchasing property in Thai Moogambigai Nagar, buyers need to pay stamp duty at 7% and a registration fee at 2% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thai Moogambigai Nagar?

The Sub Registrar Office covering Thai Moogambigai Nagar is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.