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Guideline Value

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Guideline Value for Mogappair Road Segment – 1

₹7100/sq.ft.

The guideline value for Mogappair Road Segment – 1 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

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Mogappair Road Segment – 1 guideline value

The current guideline value of Mogappair Road Segment – 1 is Rs 7,100 per sq.ft. This property is located in Mugappair village, under the Konnur SRO, and is classified as Residential Special Type - I.

How the guideline value of Mogappair Road Segment – 1 has changed

The guideline value for Mogappair Road Segment – 1 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. The value then experienced a significant jump to Rs 1,500 per sq.ft in 2007, an increase of 141%. Following this, the value rose dramatically to Rs 6,500 per sq.ft in 2012, reflecting a 333% increase. However, it decreased to Rs 4,355 per sq.ft in 2017, a drop of 33%. The value then rose again to Rs 6,500 per sq.ft in 2023, before reaching the current figure of Rs 7,100 per sq.ft in the 2024 revision, which is a 9% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1154%. The register has no figure for this street for the years not mentioned in the revisions.

Guideline values in Mugappair

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

Stamp duty and registration fee for property in Mogappair Road Segment – 1

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total 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, making the total fees Rs 6,39,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mogappair Road Segment – 1?

The Sub Registrar Office covering 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 when registering property transactions in Mugappair. It helps determine the stamp duty and registration fees applicable to the property, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value serves as a benchmark to assess the fair value of the property. It is essential for both buyers and sellers to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Mogappair Road Segment – 1?

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

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing 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 registration office for Mogappair Road Segment – 1?

The registration office for 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.

How is the stamp duty calculated for properties in Mogappair?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 4,97,000.