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Guideline Value

Corporate

Guideline Value for Moogambigai Nagar 13th Street

₹2200/sq.ft.

The guideline value for Moogambigai Nagar 13th 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 13th Street

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Moogambigai Nagar 13th Street guideline value

The current guideline value of Moogambigai Nagar 13th 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 13th Street has changed

The guideline value for Moogambigai Nagar 13th Street has undergone several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 97 per sq.ft. This increased significantly to Rs 250 per sq.ft in 2003, marking a change of +158%. In 2007, the value saw a substantial rise to Rs 300 per sq.ft, an increase of +20%. The 2012 revision brought the value back up to Rs 2,000 per sq.ft, reflecting a remarkable increase of +567%. However, by 2017, the value dropped to Rs 1,340 per sq.ft, a decrease of -33%. The guideline value then rose to Rs 2,000 per sq.ft in 2023, followed by the current value of Rs 2,200 per sq.ft in 2024, which represents an increase of +10% from the previous year.

Overall, the guideline value has increased from Rs 97 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, resulting in a total increase of +2168% over this period.

Guideline values in Nerkundram

Nerkundram village has 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 the same as the guideline value for Moogambigai Nagar 13th Street.

Stamp duty and registration fee for property in Moogambigai Nagar 13th 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 fees 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 accurate calculations.

Which Sub Registrar Office covers Moogambigai Nagar 13th Street?

The Moogambigai Nagar 13th Street falls under the jurisdiction of 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 an essential reference when buying or selling property in Nerkundram. It serves as a benchmark for determining the minimum value of a property, ensuring that transactions are conducted at a fair price. When registering a property, the guideline value is used to calculate applicable fees and taxes.

When a property is sold, the buyer and seller must consider the guideline value for the registration process. This ensures that the correct stamp duty and registration fees are applied, which are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Moogambigai Nagar 13th Street?

The current guideline value of Moogambigai Nagar 13th 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 increased from Rs 97 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, with various revisions reflecting significant changes over the years.

What is the land classification for Moogambigai Nagar 13th Street?

Moogambigai Nagar 13th Street is classified as Residential Class IV Type - I.

Where can I find the Virugambakkam Sub Registrar Office?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in Moogambigai Nagar 13th Street?

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