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Guideline Value

Corporate

Guideline Value for Moogambigai Nagar 3rd CrossStreet

₹2200/sq.ft.

The guideline value for Moogambigai Nagar 3rd 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 3rd Crossstreet

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Moogambigai Nagar 3rd CrossStreet guideline value

The current guideline value of Moogambigai Nagar 3rd 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 3rd CrossStreet has changed

The guideline value for Moogambigai Nagar 3rd CrossStreet has seen significant changes over the years. In 2002, the value was Rs 97 per sq.ft, which increased to Rs 250 per sq.ft in 2003, marking a rise of 158%. By 2007, the value further increased to Rs 300 per sq.ft, a 20% increase. The value then jumped dramatically to Rs 2,000 per sq.ft in 2012, reflecting a 567% increase. However, it decreased to Rs 1,340 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 2,000 per sq.ft in 2023, and now stands at Rs 2,200 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2168%, showcasing substantial growth over the years. The register has no figures for the years not listed in the revisions.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO with a 2024 guideline value 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 equal to the current value of Moogambigai Nagar 3rd CrossStreet.

Stamp duty and registration fee for property in Moogambigai Nagar 3rd 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 be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total charges Rs 1,98,000. Please 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 details.

Which Sub Registrar Office covers Moogambigai Nagar 3rd CrossStreet?

The Moogambigai Nagar 3rd CrossStreet 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 more information.

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

The guideline value is an essential factor in the registration process of property transactions in Nerkundram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration fees and stamp duties are calculated based on this value.

When buying or selling property, the guideline value helps in establishing a fair transaction value. It is crucial to be aware of the current guideline values to ensure compliance with the legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Moogambigai Nagar 3rd CrossStreet?

The current guideline value of Moogambigai Nagar 3rd 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 the years.

What is the land classification for Moogambigai Nagar 3rd CrossStreet?

Moogambigai Nagar 3rd CrossStreet is classified as Residential Class IV Type - I.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000, with 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 area?

The Virugambakkam Sub Registrar Office covers Moogambigai Nagar 3rd CrossStreet, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.