Guideline Value for Mogalingam Nagar Kamokoti Street

Mogalingam Nagar Kamokoti Street guideline value

The current guideline value of Mogalingam Nagar Kamokoti Street is Rs 1,550 per sq.ft, effective from 1 July 2024. This street is located in Thirunageswaram village and falls under the Kunrathur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Mogalingam Nagar Kamokoti Street has changed

The guideline value for Mogalingam Nagar Kamokoti Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which then decreased to Rs 938 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,400 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,550 per sq.ft, marking an increase of 11% from the previous year.

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

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, with a median value of Rs 1,550 per sq.ft. Mogalingam Nagar Kamokoti Street's 2024 figure aligns with this median.

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

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

The Sub Registrar Office that covers Mogalingam Nagar Kamokoti Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirunageswaram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the taxes owed to the government. The buyer must pay either the stamp duty based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

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

The current guideline value of Mogalingam Nagar Kamokoti 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 changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then back to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,550 per sq.ft in 2024.

What other streets in Thirunageswaram have the same guideline value?

Other streets in Thirunageswaram that share the same guideline value of Rs 1,550 per sq.ft include Mogalingam Nagar Ganapathi Street, Mogalingam Nagar Muthu Street, Mogalingam Nagar Ekambaram Street, Mogalingam Nagar Nainiappan Street, Mogalingam Nagar Baskar Street, and Mogalingam Nagar Rose Ramalingam Street.

What is the registration fee for properties in this area?

The registration fee for properties in Mogalingam Nagar Kamokoti Street is calculated at 2% of the guideline value. For a property valued at Rs 15,50,000, the registration fee would be Rs 31,000.

Where can I find more information about the Sub Registrar Office?

You can find more information about the Kunrathur Sub Registrar Office at No.59, Road Street, Kundrathur, Chennai -600 069. For additional details, you can visit the find your SRO page.