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Guideline Value

Corporate

Guideline Value for Moogambigai Nagar 9th Street

₹2200/sq.ft.

The guideline value for Moogambigai Nagar 9th 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 9th Street

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Moogambigai Nagar 9th Street guideline value

The current guideline value of Moogambigai Nagar 9th 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 9th Street has changed

The guideline value for Moogambigai Nagar 9th Street has seen significant changes over the years. In 2002, the guideline value was Rs 97 per sq.ft, which increased to Rs 250 per sq.ft in 2003. By 2007, it rose dramatically to Rs 300 per sq.ft, and then to Rs 2,000 per sq.ft in 2012. However, it decreased to Rs 1,340 per sq.ft in 2017. The value then increased to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft as of the 2024 revision.

The changes between these revisions reflect a substantial overall increase. The guideline value rose from Rs 97 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, marking an increase of 2168%. Notably, the most significant jump occurred between 2007 and 2012, with a 567% increase, while the latest revision from 2023 to 2024 saw a 10% increase.

Guideline values in Nerkundram

Nerkundram village has a range of guideline values, with 476 streets under the Virugambakkam SRO carrying a 2024 figure between Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which matches the current guideline value of Moogambigai Nagar 9th Street.

Stamp duty and registration fee for property in Moogambigai Nagar 9th Street

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

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

Which Sub Registrar Office covers Moogambigai Nagar 9th Street?

The Sub Registrar Office that covers Moogambigai Nagar 9th 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 details.

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

The guideline value is a critical factor in property transactions in Nerkundram. It is used to determine the amount of stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must be aware that the guideline value affects the overall cost of property transactions.

When purchasing property, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This ensures that the property is valued appropriately for taxation purposes, and it helps maintain transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Moogambigai Nagar 9th Street?

The current guideline value of Moogambigai Nagar 9th 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, increasing from Rs 97 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, an overall increase of 2168%.

What is the land classification for Moogambigai Nagar 9th Street?

Moogambigai Nagar 9th Street is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000, leading to a stamp duty of Rs 1,54,000 and a registration fee of Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers this street?

The Virugambakkam Sub Registrar Office covers Moogambigai Nagar 9th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.