Guideline Value for Mogalingam Nagar Ekambaram Street

Mogalingam Nagar Ekambaram Street guideline value

The current guideline value of Mogalingam Nagar Ekambaram Street is Rs 1,550 per sq.ft, effective from 1 July 2024. This street is located in Thirunageswaram village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Mogalingam Nagar Ekambaram Street has changed

In the 2012 revision, the guideline value was Rs 1,400 per sq.ft. This figure decreased to Rs 938 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value saw a significant increase to Rs 1,400 per sq.ft, which is a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,550 per sq.ft, reflecting an 11% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Thirunageswaram

In Thirunageswaram, there are 105 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 1,550 per sq.ft, which is equal to the current value of Mogalingam Nagar Ekambaram Street.

• Mogalingam Nagar Baskar Street: Rs 1,550 per sq.ft (2024)
• Mogalingam nagar Ganapathi Street: Rs 1,550 per sq.ft (2024)
• Mogalingam Nagar Kamokoti Street: Rs 1,550 per sq.ft (2024)
• Mogalingam Nagar Muthu Street: Rs 1,550 per sq.ft (2024)
• Mogalingam Nagar Nainiappan Street: Rs 1,550 per sq.ft (2024)
• Mogalingam Nagar Rose Ramalingam Street: Rs 1,550 per sq.ft (2024)

Stamp duty and registration fee for property in Mogalingam Nagar Ekambaram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,550 per sq.ft, the total guideline value would be Rs 15,50,000. The stamp duty at 7% would amount to Rs 1,08,500, and the registration fee at 2% would be Rs 31,000, bringing the total cost together to Rs 1,39,500. It is important to note that the 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 Mogalingam Nagar Ekambaram Street?

The Sub Registrar Office that covers Mogalingam Nagar Ekambaram Street 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 Thirunageswaram

The guideline value is a critical factor during property registration in Thirunageswaram. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the state government receives a fair revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Mogalingam Nagar Ekambaram Street?

The current guideline value of Mogalingam Nagar Ekambaram Street is Rs 1,550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 1,400 per sq.ft in 2012, decreased to Rs 938 per sq.ft in 2017, increased to Rs 1,400 per sq.ft in 2023, and finally rose to Rs 1,550 per sq.ft in 2024.

What is the land classification of Mogalingam Nagar Ekambaram Street?

Mogalingam Nagar Ekambaram Street is classified as Residential Special Type - II under the guideline value register.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total cost would be Rs 1,39,500.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, and it covers Mogalingam Nagar Ekambaram Street.