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Guideline Value

Corporate

Guideline Value for Mogalingam Nagar T.N.Sammandham Nagar

₹1550/sq.ft.

The guideline value for Mogalingam Nagar T.n.sammandham Nagar 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 T.n.sammandham Nagar

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Mogalingam Nagar T.N.Sammandham Nagar guideline value

The current guideline value for Mogalingam Nagar T.N.Sammandham Nagar is Rs 1,550 per sq.ft, effective from 1 July 2024. This area is located in Thirunageswaram village under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Mogalingam Nagar T.N.Sammandham Nagar has changed

The guideline value for this street has seen several revisions over the years. In 2012, the value was Rs 1,400 per sq.ft, which decreased to Rs 938 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,400 per sq.ft. The latest revision in 2024 has further increased the guideline value to Rs 1,550 per sq.ft, marking an 11% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 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, with guideline values 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 aligns with the current value for Mogalingam Nagar T.N.Sammandham Nagar.

Stamp duty and registration fee for property in Mogalingam Nagar T.N.Sammandham Nagar

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 fees together 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 use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Mogalingam Nagar T.N.Sammandham Nagar?

The Kunrathur Sub Registrar Office covers Mogalingam Nagar T.N.Sammandham Nagar. The office is located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, visit find your SRO.

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

The guideline value is crucial during property transactions as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Mogalingam Nagar T.N.Sammandham Nagar?

The current guideline value for Mogalingam Nagar T.N.Sammandham Nagar 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 to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,550 per sq.ft in 2024. This reflects an overall increase of 11% from 2012 to 2024.

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

For a property valued at Rs 15,50,000, the stamp duty would be Rs 1,08,500 and the registration fee would be Rs 31,000, totaling Rs 1,39,500. These fees are based on the guideline value.

Which office handles registrations for Mogalingam Nagar T.N.Sammandham Nagar?

The Kunrathur Sub Registrar Office handles registrations for Mogalingam Nagar T.N.Sammandham Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value of a property. It affects the stamp duty and registration fees, ensuring that the government receives appropriate revenue during property transactions.