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Guideline Value

Corporate

Guideline Value for MOOVENDHAR NAGAR EXTN 9th and 11th Street

₹3960/sq.ft.

The guideline value for Moovendhar Nagar Extn 9th And 11th Street in Perungalathur village (Padappai SRO, Chennai zone) is Rs 3960 per sq.ft, effective 1 July 2024. It was Rs 3600 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungalathur

Village

Padappai

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3960 /sq.ft.
From 1-4-2023 ₹3600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2412 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Moovendhar Nagar Extn 9th And 11th Street

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MOOVENDHAR NAGAR EXTN 9th and 11th Street guideline value

The current guideline value of MOOVENDHAR NAGAR EXTN 9th and 11th Street is Rs 3,960 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village under the Padappai SRO, classified as Commercial Class I Type - I.

How the guideline value of MOOVENDHAR NAGAR EXTN 9th and 11th Street has changed

The guideline value for MOOVENDHAR NAGAR EXTN 9th and 11th Street has seen several revisions over the years. The 2017 revision set the value at Rs 2,412 per sq.ft, which increased to Rs 3,600 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 has further increased the value to Rs 3,960 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It's important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, placing the 2024 figure for MOOVENDHAR NAGAR EXTN 9th and 11th Street above this median.

Stamp duty and registration fee for property in MOOVENDHAR NAGAR EXTN 9th and 11th Street

For a 1,000 sq.ft plot at the current rate of Rs 3,960 per sq.ft, the guideline value amounts to Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, bringing the total to Rs 3,56,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers MOOVENDHAR NAGAR EXTN 9th and 11th Street?

The MOOVENDHAR NAGAR EXTN 9th and 11th Street falls under the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Perungalathur. It serves as a benchmark for determining the minimum value of a property, influencing the stamp duty and registration fees that must be paid during the sale or purchase process.

When registering a property, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions, reflecting the current market conditions.

Frequently asked questions

What is the current guideline value of MOOVENDHAR NAGAR EXTN 9th and 11th Street?

The current guideline value of MOOVENDHAR NAGAR EXTN 9th and 11th Street is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,412 per sq.ft in 2017 to Rs 3,960 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

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

For a property valued at Rs 39,60,000, the stamp duty would be Rs 2,77,200 and the registration fee would be Rs 79,200, totaling Rs 3,56,400.

Which Sub Registrar Office covers this street?

The Padappai Sub Registrar Office covers MOOVENDHAR NAGAR EXTN 9th and 11th Street, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the median guideline value for streets in Perungalathur?

The median guideline value for streets in Perungalathur is Rs 2,310 per sq.ft, and the guideline value for MOOVENDHAR NAGAR EXTN 9th and 11th Street is above this median.