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Guideline Value

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Guideline Value for Mogappair Road (Segment – 1) Thirumangalam Circule to Sidco Arch

₹7100/sq.ft.

The guideline value for Mogappair Road (segment – 1) Thirumangalam Circule To Sidco Arch in Mugappair village (Konnur SRO, Chennai zone) is Rs 7100 per sq.ft, effective 1 July 2024. It was Rs 6500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mugappair

Village

Konnur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹7100 /sq.ft.
From 1-4-2023 ₹6500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4355 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹622 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹566 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Mogappair Road (segment – 1) Thirumangalam Circule To Sidco Arch

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Mogappair Road (Segment – 1) Thirumangalam Circule to Sidco Arch guideline value

The current guideline value for Mogappair Road (Segment – 1) Thirumangalam Circule to Sidco Arch is Rs 7,100 per sq.ft. This street is located in Mugappair village and falls under the Konnur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Mogappair Road (Segment – 1) Thirumangalam Circule to Sidco Arch has changed

The guideline value for this street has seen several revisions over the years. In 2002, the value was Rs 566 per sq.ft, which increased to Rs 622 per sq.ft in 2003, marking a 10% rise. By 2007, the value surged to Rs 1,500 per sq.ft, reflecting a significant increase of 141%. Following this, the value rose dramatically to Rs 6,500 per sq.ft in 2012, which was a 333% increase from the previous revision. However, it then dropped to Rs 4,355 per sq.ft in 2017, showing a decrease of 33%.

In 2023, the guideline value was revised to Rs 6,500 per sq.ft, and it further increased to Rs 7,100 per sq.ft in 2024, resulting in a 9% rise. Overall, from 2002 to 2024, the guideline value has increased by 1154%.

Guideline values in Mugappair

Mugappair village has a total of 224 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, which is the same as the guideline value for Mogappair Road (Segment – 1).

Stamp duty and registration fee for property in Mogappair Road (Segment – 1) Thirumangalam Circule to Sidco Arch

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, totaling Rs 6,39,000. 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 Mogappair Road (Segment – 1) Thirumangalam Circule to Sidco Arch?

The Sub Registrar Office that covers Mogappair Road (Segment – 1) is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Mugappair. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

When purchasing property, it is essential to consider the guideline value as it directly impacts the overall cost of the transaction. Understanding this value helps buyers and sellers navigate the registration process effectively.

Frequently asked questions

What is the current guideline value for Mogappair Road (Segment – 1)?

The current guideline value for Mogappair Road (Segment – 1) is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 566 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, marking an overall increase of 1154%.

What is the land classification for Mogappair Road (Segment – 1)?

The land classification for Mogappair Road (Segment – 1) is Residential Special Type - I.

Where can I find the Sub Registrar Office for this area?

The Konnur Sub Registrar Office covers Mogappair Road (Segment – 1), located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total cost for stamp duty and registration fees would be Rs 6,39,000.