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Guideline Value

Corporate

Guideline Value for Moogambigai Nagar 8th Street

₹2200/sq.ft.

The guideline value for Moogambigai Nagar 8th 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 8th Street

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Moogambigai Nagar 8th Street guideline value

The current guideline value of Moogambigai Nagar 8th 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 is classified as Residential Class IV Type - I.

How the guideline value of Moogambigai Nagar 8th Street has changed

The guideline value for Moogambigai Nagar 8th Street has undergone several revisions over the years. The earliest recorded value in the register is from 2002, at Rs 97 per sq.ft. This increased to Rs 250 per sq.ft in 2003, marking a significant rise of 158%. In 2007, the value jumped dramatically to Rs 300 per sq.ft, an increase of 20%. The next revision in 2012 saw the value rise to Rs 2,000 per sq.ft, reflecting a substantial increase of 567%. However, there was a decrease to Rs 1,340 per sq.ft in 2017, which represented a decline of 33%. The value then increased to Rs 2,000 per sq.ft in 2023, followed by the current value of Rs 2,200 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 2,168%. There are no figures available for the years between these revisions for Moogambigai Nagar 8th Street.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO, with guideline values for 2024 ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the guideline value of Moogambigai Nagar 8th Street.

Stamp duty and registration fee for property in Moogambigai Nagar 8th 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, bringing the total to 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.

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

Which Sub Registrar Office covers Moogambigai Nagar 8th Street?

The Sub Registrar Office that covers Moogambigai Nagar 8th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

When buying or selling property in Nerkundram, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the government and reflects the minimum value at which properties can be registered. This ensures transparency and helps in the calculation of taxes associated with property transactions.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. The guideline value is updated periodically, and it is advisable to check the latest figures before proceeding with any transaction.

Frequently asked questions

What is the current guideline value of Moogambigai Nagar 8th Street?

The current guideline value of Moogambigai Nagar 8th 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, representing an overall increase of 2,168% over this period.

What is the land classification of Moogambigai Nagar 8th Street?

Moogambigai Nagar 8th Street is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Moogambigai Nagar 8th Street?

The Sub Registrar Office for Moogambigai Nagar 8th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in Moogambigai Nagar 8th Street?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.