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Guideline Value for Mogappair Road Segment - 4 (End Of The Srinivasa Nagar And Near Madhiyazhagan Nagar)

₹7100/sq.ft.effective 1 July 2024

Chennai zone Mugappair village Konnur SRO Residential Special Type - I

The guideline value for Mogappair Road Segment - 4 (end Of The Srinivasa Nagar And Near Madhiyazhagan Nagar) 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:

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 ₹2000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹622 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹465 /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 - 4 (end Of The Srinivasa Nagar And Near Madhiyazhagan Nagar)

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Mogappair Road Segment - 4 (End of the Srinivasa Nagar and near Madhiyazhagan Nagar) guideline value

The current guideline value of Mogappair Road Segment - 4 (End of the Srinivasa Nagar and near Madhiyazhagan Nagar) is Rs 7,100 per sq.ft, effective from 1 July 2024. This segment is located in Mugappair village and falls under the Konnur SRO, with a land classification of Residential Special Type - I.

How the guideline value of Mogappair Road Segment - 4 (End of the Srinivasa Nagar and near Madhiyazhagan Nagar) has changed

The guideline value for this segment has seen significant changes over the years. In 2002, the value was Rs 465 per sq.ft, which increased to Rs 622 per sq.ft in 2003, marking a rise of 34%. The value then surged to Rs 2,000 per sq.ft in 2007, reflecting a substantial increase of 222%. Following this, the value decreased to Rs 6,500 per sq.ft in 2012, a drop of 33%. In 2017, the value rose again to Rs 4,355 per sq.ft, and by 2023, it reached Rs 6,500 per sq.ft, before finally increasing to Rs 7,100 per sq.ft in 2024, a change of 9% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1427%. The register has no figures for the years not mentioned in this summary.

Guideline values in Mugappair

In Mugappair, there are 224 streets under the Konnur SRO that carry 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 - 4.

Stamp duty and registration fee for property in Mogappair Road Segment - 4 (End of the Srinivasa Nagar and near Madhiyazhagan Nagar)

For a 1,000 sq.ft plot at the current guideline value, the calculation is as follows: guideline value is Rs 71,00,000; stamp duty at 7% is Rs 4,97,000; registration fee at 2% is Rs 1,42,000; together, the total is Rs 6,39,000. Duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mogappair Road Segment - 4 (End of the Srinivasa Nagar and near Madhiyazhagan Nagar)?

The Sub Registrar Office that covers this segment is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, 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 the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Mogappair Road Segment - 4?

The current guideline value for Mogappair Road Segment - 4 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 465 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 1427% over this period.

What are the stamp duty and registration fees for properties in this segment?

For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 6,39,000, based on the current guideline value.

Which Sub Registrar Office covers this area?

The Konnur Sub Registrar Office covers Mogappair Road Segment - 4, located at Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

Where can I find more information on guideline values in Mugappair?

For more information on guideline values in Mugappair, you can refer to the official guidelines provided by the Registration Department.