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Guideline Value

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Guideline Value for Oori Salai(Mugappair East Block 10)

₹7100/sq.ft.

The guideline value for Oori Salai(mugappair East Block 10) in Mugappair village (Konnur SRO, Chennai zone) is Rs 7100 per sq.ft, effective 1 July 2024. It was Rs 6500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mugappair

Village

Konnur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹7100 /sq.ft.
From 1-4-2023 ₹6500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4355 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹828 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹754 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Oori Salai(mugappair East Block 10)

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Oori Salai(Mugappair East Block 10) guideline value

The current guideline value of Oori Salai (Mugappair East Block 10) is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Mugappair village and falls under the Konnur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Oori Salai(Mugappair East Block 10) has changed

The guideline value for Oori Salai has seen several revisions over the years. In 2002, the value was Rs 754 per sq.ft, which increased to Rs 828 per sq.ft in 2003. Following this, the value rose significantly to Rs 2,000 per sq.ft in 2007, reflecting a growth of 142%. In 2012, the value was Rs 6,500 per sq.ft, but it then decreased to Rs 4,355 per sq.ft in 2017, marking a decline of 33%. The value increased again to Rs 6,500 per sq.ft in 2023 and has now reached Rs 7,100 per sq.ft in the 2024 revision, which is a rise of 9%.

Overall, from 2002 to 2024, the guideline value has increased by 842%. The register has no figures for the revisions in years other than those specified.

Guideline values in Mugappair

In Mugappair, there are 224 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median value is Rs 7,100 per sq.ft, which is equal to the guideline value of Oori Salai (Mugappair East Block 10).

Stamp duty and registration fee for property in Oori Salai(Mugappair East Block 10)

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty is charged at 7%, which totals Rs 4,97,000, and the registration fee is 2%, amounting to Rs 1,42,000. Together, these fees amount to Rs 6,39,000. It is important to note that 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 Oori Salai(Mugappair East Block 10)?

The Sub Registrar Office covering Oori Salai (Mugappair East Block 10) is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Mugappair. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is in accordance with government regulations.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the registration process is transparent and standardized.

Frequently asked questions

What is the current guideline value of Oori Salai?

The current guideline value of Oori Salai (Mugappair East Block 10) is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 754 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 842% over this period.

What are the stamp duty and registration fees for properties in Oori Salai?

For a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000 and the registration fee would be Rs 1,42,000, totaling Rs 6,39,000.

Which office handles property registrations for Oori Salai?

The Konnur Sub Registrar Office is responsible for handling property registrations for Oori Salai (Mugappair East Block 10).

What is the land classification for Oori Salai?

The land classification for Oori Salai (Mugappair East Block 10) is Residential Special Type - I.