Guideline Value

Corporate

Guideline Value for Moogambigai Nagar

₹880/sq.ft.

The guideline value for Moogambigai Nagar in Thandalkazhani village (Redhills SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thandalkazhani

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹36 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹352 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Thandalkazhani village under the Redhills SRO, is Rs 880 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Moogambigai Nagar has changed

The guideline value for Moogambigai Nagar has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 352 per sq.ft. In 2003, it decreased to Rs 36 per sq.ft, followed by a significant increase to Rs 300 per sq.ft in 2007. The value then rose dramatically to Rs 800 per sq.ft in 2012, but fell to Rs 536 per sq.ft in 2017. The 2023 revision saw an increase to Rs 800 per sq.ft, and the latest revision in 2024 set the value at Rs 880 per sq.ft.

Between these revisions, there were notable changes. From 2002 to 2003, the value decreased by 90%. However, from 2003 to 2007, it increased by 733%. The value then rose by 167% from 2007 to 2012, but fell by 33% from 2012 to 2017. There was a 49% increase from 2017 to 2023, and finally, a 10% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value increased by 150%.

Guideline values in Thandalkazhani

In Thandalkazhani village, there are 27 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 2,750 per sq.ft. The median value for these streets is Rs 880 per sq.ft, which is equal to the guideline value of Moogambigai Nagar.

Stamp duty and registration fee for property in Moogambigai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. It is important to 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?

The Sub Registrar Office that covers Moogambigai Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Thandalkazhani. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is bought or sold, the guideline value will influence the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately and reflects the official valuation of the property in the area.

Frequently asked questions

What is the current guideline value of Moogambigai Nagar?

The current guideline value of Moogambigai Nagar is Rs 880 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 several times since 2002, starting from Rs 352 per sq.ft to Rs 880 per sq.ft in 2024. There were increases and decreases at various intervals, with the most recent increase being 10% from 2023 to 2024.

What is the registration office for Moogambigai Nagar?

The registration office for Moogambigai Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Moogambigai Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 8,80,000, the stamp duty at 7% would be Rs 61,600.

Are there other streets in Thandalkazhani with the same guideline value?

Yes, there are other streets in Thandalkazhani, such as Moogambigai Nagar Extn, M.G.R. Street, and Nehru Street, which also have a guideline value of Rs 880 per sq.ft in 2024.