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Guideline Value for Moogambigai Nagar Phase I & II

₹1980/sq.ft.

The guideline value for Moogambigai Nagar Phase I & Ii in Kobarasanallur village (Kunrathur SRO, Chennai zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kobarasanallur

Village

Kunrathur

SRO

Mixed Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Phase I & Ii

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Moogambigai Nagar Phase I & II guideline value

The current guideline value for Moogambigai Nagar Phase I & II is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Kobarasanallur village, under the Kunrathur SRO, and is classified as Mixed Special Type - II.

How the guideline value of Moogambigai Nagar Phase I & II has changed

The guideline value for Moogambigai Nagar has seen several revisions over the years. In 2012, the value was set at Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,800 per sq.ft in 2023, and then to the current value of Rs 1,980 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The changes between revisions include a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. The register has no figure for the years 2002, 2003, and 2007 for this street.

Guideline values in Kobarasanallur

Kobarasanallur village has a range of guideline values across its 28 streets under the Kunrathur SRO, with values ranging from Rs 1,650 to Rs 4,180 per sq.ft. The median guideline value is Rs 1,980 per sq.ft, which is equal to the current value for Moogambigai Nagar Phase I & II.

Stamp duty and registration fee for property in Moogambigai Nagar Phase I & II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that 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 Phase I & II?

The Sub Registrar Office that covers Moogambigai Nagar Phase I & II is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Kobarasanallur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property, it is essential to ensure that the transaction adheres to the guideline value set by the registration department. This helps in avoiding any legal issues during the registration process and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value for Moogambigai Nagar Phase I & II?

The current guideline value for Moogambigai Nagar Phase I & II is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 1,800 per sq.ft in 2012, Rs 1,206 per sq.ft in 2017, Rs 1,800 per sq.ft in 2023, and currently Rs 1,980 per sq.ft in 2024.

What is the land classification for Moogambigai Nagar Phase I & II?

Moogambigai Nagar Phase I & II is classified as Mixed Special Type - II according to the local land classification guidelines.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% and the registration fee at 2% based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 19,80,000, the total stamp duty and registration fees would amount to Rs 1,78,200.