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Guideline Value

Corporate

Guideline Value for Moogambigai Nagar 10th Street

₹2200/sq.ft.

The guideline value for Moogambigai Nagar 10th 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 10th Street

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Moogambigai Nagar 10th Street guideline value

The current guideline value of Moogambigai Nagar 10th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village, under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Moogambigai Nagar 10th Street has changed

The guideline value for Moogambigai Nagar 10th Street has seen significant changes over the years. The earliest recorded figure is from 2002, which was Rs 97 per sq.ft. This amount increased to Rs 250 per sq.ft in 2003, marking a rise of 158%. By 2007, the value surged to Rs 300 per sq.ft, a 20% increase. The next revision in 2012 saw the value drop to Rs 2,000 per sq.ft, a decrease of 567%. In 2017, it increased to Rs 1,340 per sq.ft, which was a 49% rise. The most recent figures are from 2023, where the guideline value was Rs 2,000 per sq.ft, and the current revision in 2024 has set it at Rs 2,200 per sq.ft, reflecting a 10% increase.

Throughout these years, the overall change from 2002 to 2024 is a remarkable increase of 2,168%. There are no figures available for the years not listed in the register for this street.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO, with the 2024 guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which is the same as the current value for Moogambigai Nagar 10th Street.

Stamp duty and registration fee for property in Moogambigai Nagar 10th 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 be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that the 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 10th Street?

The Moogambigai Nagar 10th 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 additional details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Nerkundram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value helps establish the basis for calculating stamp duty and registration fees. Buyers should be aware that these fees are calculated on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Moogambigai Nagar 10th Street?

The current guideline value of Moogambigai Nagar 10th Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, with an overall increase of 2,168% from Rs 97 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles the registration for Moogambigai Nagar 10th Street?

The Virugambakkam Sub Registrar Office handles the registration for Moogambigai Nagar 10th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for Moogambigai Nagar 10th Street?

The land classification for Moogambigai Nagar 10th Street is Residential Class IV Type - I.