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Guideline Value

Corporate

Guideline Value for Moogambigai Nagar 3rd Street

₹2200/sq.ft.

The guideline value for Moogambigai Nagar 3rd Street in Nerkundram village (Virugambakkam SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nerkundram

Village

Virugambakkam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹250 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹97 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Moogambigai Nagar 3rd Street

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Moogambigai Nagar 3rd Street guideline value

The current guideline value of Moogambigai Nagar 3rd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village, under the Virugambakkam SRO, and falls under Residential Class IV Type - I land classification.

How the guideline value of Moogambigai Nagar 3rd Street has changed

The guideline value for Moogambigai Nagar 3rd Street has undergone several revisions over the years. The earliest recorded revision was in 2002, with a guideline value of Rs 97 per sq.ft. This increased to Rs 250 per sq.ft in 2003, marking a significant rise of 158%. The value then rose to Rs 300 per sq.ft in 2007, an increase of 20%. However, from 2007 to 2012, the value saw a substantial jump to Rs 2,000 per sq.ft, reflecting a 567% increase. The value remained at Rs 2,000 per sq.ft until 2017, when it dropped to Rs 1,340 per sq.ft, a decrease of 33%. The next revision in 2023 saw the value rise again to Rs 2,000 per sq.ft, and finally, the current value is Rs 2,200 per sq.ft as of 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2168%. There are no recorded figures for the years in between these revisions for Moogambigai Nagar 3rd Street.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO, with guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft as of 2024. The median guideline value is Rs 2,200 per sq.ft, which is the same as the current value for Moogambigai Nagar 3rd Street.

Stamp duty and registration fee for property in Moogambigai Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000. Together, the total cost for stamp duty and registration fee would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Moogambigai Nagar 3rd Street?

The Moogambigai Nagar 3rd Street falls under the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Nerkundram. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

When a property is sold, the guideline value is used by the registration office to calculate the applicable fees. This ensures that the transaction is recorded accurately and that the correct amount of duty is paid based on the established guideline value.

Frequently asked questions

What is the current guideline value of Moogambigai Nagar 3rd Street?

The current guideline value of Moogambigai Nagar 3rd Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 97 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting a total increase of 2168% over the years.

What is the stamp duty for property in Moogambigai Nagar 3rd Street?

The stamp duty for property in Moogambigai Nagar 3rd Street is 7% of the guideline value or sale price, whichever is higher.

Which office handles property registration for Moogambigai Nagar 3rd Street?

The Virugambakkam Sub Registrar Office handles property registration for Moogambigai Nagar 3rd Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What are the other streets in Nerkundram with the same guideline value?

Other streets in Nerkundram with the same guideline value of Rs 2,200 per sq.ft include Moogambigai Nagar 3rd Main Road, Moogambigai Nagar 4th CrossStreet, Moogambigai Nagar 3rd CrossStreet, Moogambigai Nagar 4th Street, Moogambigai Nagar 2nd Street, and Moogambigai Nagar 5th Street.