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Guideline Value

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Guideline Value for Moogambigai Nagar 1st CrossStreet

₹2200/sq.ft.

The guideline value for Moogambigai Nagar 1st Crossstreet 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 1st Crossstreet

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Moogambigai Nagar 1st CrossStreet guideline value

The current guideline value for Moogambigai Nagar 1st CrossStreet is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village, under the Virugambakkam SRO, and falls under the Residential Class IV Type - I land classification.

How the guideline value of Moogambigai Nagar 1st CrossStreet has changed

The guideline value for Moogambigai Nagar 1st CrossStreet has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 97 per sq.ft. This increased significantly to Rs 250 per sq.ft in 2003, marking a change of +158%. The value then rose to Rs 300 per sq.ft in 2007, an increase of +20%. Following that, the 2012 revision set the value at Rs 2,000 per sq.ft, a substantial jump of +567%. However, the value decreased to Rs 1,340 per sq.ft in 2017, reflecting a decline of -33%. The 2023 revision brought the value back up to Rs 2,000 per sq.ft, and the most recent 2024 revision set it at Rs 2,200 per sq.ft, which is an increase of +10% from the previous year.

There are no figures available for any revisions prior to 2002 or for years not listed in the register. 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 that carry a 2024 guideline value, 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 2024 figure for Moogambigai Nagar 1st CrossStreet.

Stamp duty and registration fee for property in Moogambigai Nagar 1st CrossStreet

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 together to Rs 1,98,000. It is important to note that 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 details.

Which Sub Registrar Office covers Moogambigai Nagar 1st CrossStreet?

The Sub Registrar Office that covers Moogambigai Nagar 1st CrossStreet 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 plays a crucial role in the registration process when buying or selling property in Nerkundram. It is the minimum value set by the government for property transactions, ensuring that the property is registered at a value that reflects its worth according to the latest revisions.

When a property is sold, the buyer and seller must consider the guideline value to determine the applicable stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that all transactions are recorded accurately in the land registry.

Frequently asked questions

What is the current guideline value of Moogambigai Nagar 1st CrossStreet?

The current guideline value of Moogambigai Nagar 1st CrossStreet 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, reflecting an overall increase of +2168% over this period.

What is the land classification for Moogambigai Nagar 1st CrossStreet?

Moogambigai Nagar 1st CrossStreet falls under the Residential Class IV Type - I land classification.

What are the other streets in Nerkundram with the same guideline value?

Other streets in Nerkundram that share the same guideline value of Rs 2,200 per sq.ft include Moogambigai Nagar 13th Street, 1st Main Road, 12th Street, 1st Street, 11th Street, and 2nd CrossStreet.

Where is the Sub Registrar Office for Moogambigai Nagar 1st CrossStreet located?

The Sub Registrar Office for Moogambigai Nagar 1st CrossStreet is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.