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Guideline Value

Corporate

Guideline Value for Mogalingam Nagar Rose Ramalingam Street

₹1550/sq.ft.

The guideline value for Mogalingam Nagar Rose Ramalingam Street in Thirunageswaram village (Kunrathur SRO, Chennai zone) is Rs 1550 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirunageswaram

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1550 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /sq.ft.
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)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Mogalingam Nagar Rose Ramalingam Street

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Mogalingam Nagar Rose Ramalingam Street guideline value

The current guideline value of Mogalingam Nagar Rose Ramalingam 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 Rose Ramalingam Street has changed

The guideline value for Mogalingam Nagar Rose Ramalingam Street has seen several revisions over the years. In 2012, the guideline value was Rs 1,400 per sq.ft, which then decreased to Rs 938 per sq.ft in 2017. The value increased significantly to Rs 1,400 per sq.ft in 2023, and now stands at Rs 1,550 per sq.ft following the 2024 revision, marking an 11% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The overall change from 2012 to 2024 shows a modest increase of 11%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 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. The median value is Rs 1,550 per sq.ft, which is equal to the guideline value of Mogalingam Nagar Rose Ramalingam Street.

Stamp duty and registration fee for property in Mogalingam Nagar Rose Ramalingam 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 cost for these fees to Rs 1,39,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mogalingam Nagar Rose Ramalingam Street?

The Mogalingam Nagar Rose Ramalingam Street falls under the jurisdiction of 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 crucial reference point for property transactions in Thirunageswaram. It is used by the registration department to determine the applicable stamp duty and registration fees during the buying or selling process.

When a property is registered, the guideline value ensures that the transaction reflects a fair valuation, thereby helping to maintain transparency in property dealings. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during registration.

Frequently asked questions

What is the current guideline value of Mogalingam Nagar Rose Ramalingam Street?

The current guideline value of Mogalingam Nagar Rose Ramalingam 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 increased to Rs 1,400 per sq.ft in 2023, and is now Rs 1,550 per sq.ft in 2024.

What is the land classification for this street?

The land classification for Mogalingam Nagar Rose Ramalingam Street is Residential Special Type - II.

Where can I find the registration office for this street?

The registration office covering Mogalingam Nagar Rose Ramalingam Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 15,50,000, the stamp duty at 7% would be Rs 1,08,500.