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Guideline Value

Corporate

Guideline Value for Moogambigai Nagar 11th Street

₹2200/sq.ft.

The guideline value for Moogambigai Nagar 11th 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 11th Street

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Moogambigai Nagar 11th Street guideline value

The current guideline value of Moogambigai Nagar 11th Street is Rs 2,200 per sq.ft. 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 11th Street has changed

The guideline value for Moogambigai Nagar 11th Street has undergone several revisions over the years. In 2002, the value was Rs 97 per sq.ft, which increased to Rs 250 per sq.ft in 2003. The value saw a significant rise to Rs 300 per sq.ft in 2007, followed by a jump to Rs 2,000 per sq.ft in 2012. However, it decreased to Rs 1,340 per sq.ft in 2017. The guideline value then rose to Rs 2,000 per sq.ft in 2023 before reaching the current value of Rs 2,200 per sq.ft effective from 1 July 2024.

Between the revisions, notable changes include a 158% increase from 2002 to 2003, a 20% increase from 2003 to 2007, and a remarkable 567% increase from 2007 to 2012. The value then decreased by 33% from 2012 to 2017, followed by a 49% increase from 2017 to 2023. The latest revision from 2023 to 2024 reflects a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 2168%.

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. The median value is Rs 2,200 per sq.ft, which is equal to the current guideline value of Moogambigai Nagar 11th Street.

Stamp duty and registration fee for property in Moogambigai Nagar 11th 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, 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Moogambigai Nagar 11th Street?

The Sub Registrar Office that covers Moogambigai Nagar 11th 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

The guideline value is a crucial factor in property transactions in Nerkundram. It serves as a benchmark for determining the minimum value at which property can be registered. Buyers and sellers must consider this value when negotiating sale prices and preparing for registration.

At the time of registration, the guideline value is used to calculate applicable stamp duties and registration fees. This ensures that the government receives the correct revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Moogambigai Nagar 11th Street?

The current guideline value of Moogambigai Nagar 11th 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 from Rs 97 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 2168% over the years.

What is the stamp duty rate applicable in Moogambigai Nagar 11th Street?

The stamp duty rate applicable in Moogambigai Nagar 11th Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Moogambigai Nagar 11th Street located?

The Sub Registrar Office for Moogambigai Nagar 11th Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How can I calculate the registration fee for a property in Moogambigai Nagar 11th Street?

You can calculate the registration fee based on the guideline value using the registration fee rate of 2%. For detailed calculations, you can use the stamp duty and registration fee calculator.