Guideline Value

Corporate

Guideline Value for Moogambigai Nagar

₹800/sq.ft.

The guideline value for Moogambigai Nagar in Chinnapanicheri village (Kunrathur SRO, Chennai zone) is Rs 800 per sq.ft, effective 1 July 2024. It was Rs 700 per sq.ft from 1 April 2023, a 14% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chinnapanicheri

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹800 /sq.ft.
From 1-4-2023 ₹700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹469 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹700 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
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

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Moogambigai Nagar guideline value

The current guideline value of Moogambigai Nagar, located in Chinnapanicheri village under the Kunrathur SRO, is Rs 800 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under Residential Class I Type - I land classification.

How the guideline value of Moogambigai Nagar has changed

The guideline value for Moogambigai Nagar has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, it then decreased to Rs 469 per sq.ft in 2017. Following this, the value rose to Rs 700 per sq.ft in 2023, and currently stands at Rs 800 per sq.ft as of the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

Between the revisions, there have been notable changes. From 2007 to 2012, the guideline value increased by 250%. However, it then decreased by 33% from 2012 to 2017. The value rose by 49% from 2017 to 2023, and from 2023 to 2024, it increased by 14%. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Chinnapanicheri

In Chinnapanicheri, there are 14 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft, with a median value of Rs 675 per sq.ft. Moogambigai Nagar's 2024 guideline value is above this median.

Stamp duty and registration fee for property in Moogambigai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Moogambigai Nagar?

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

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

The guideline value is a crucial factor in property transactions in Chinnapanicheri as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating prices to ensure compliance with local regulations.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Moogambigai Nagar?

The current guideline value of Moogambigai Nagar is Rs 800 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 800 per sq.ft in 2024, showing an overall increase of 300% over the years.

What are the other streets in Chinnapanicheri?

Other streets in Chinnapanicheri include Muthu Mari Amman Koil Street, Mari Amman Koil Street, Leelavathy Nagar Annexe, Leelavathy Nagar, Nova Nagar, and Panchatcharam Nagar, with varying guideline values.

How is stamp duty calculated in Moogambigai Nagar?

Stamp duty in Moogambigai Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Registration fees are also applicable at 2% of the guideline value.

Where can I find the Sub Registrar Office for Moogambigai Nagar?

The Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, covers Moogambigai Nagar. You can find more information about your SRO online.