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Guideline Value

Corporate

Guideline Value for Ponnammal Nagar - Moogambigai 1st Cross Street

₹2750/sq.ft.

The guideline value for Ponnammal Nagar - Moogambigai 1st Cross Street in Nesapakkam village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nesapakkam

Village

Virugambakkam

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /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. 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 Ponnammal Nagar - Moogambigai 1st Cross Street

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Ponnammal Nagar - Moogambigai 1st Cross Street guideline value

The current guideline value for Ponnammal Nagar - Moogambigai 1st Cross Street is Rs 2,750 per sq.ft. This street is located in Nesapakkam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Ponnammal Nagar - Moogambigai 1st Cross Street has changed

The guideline value for Ponnammal Nagar - Moogambigai 1st Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the previous figure of Rs 1,675 per sq.ft in 2017. The 2023 revision increased the value to Rs 2,500 per sq.ft, followed by a further increase to Rs 2,750 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nesapakkam

Nesapakkam has a total of 148 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,200 to Rs 7,150 per sq.ft as of 2024. The median value for these streets is Rs 3,300 per sq.ft, indicating that the guideline value for Ponnammal Nagar - Moogambigai 1st Cross Street is below the median.

Stamp duty and registration fee for property in Ponnammal Nagar - Moogambigai 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total cost of duty and fees Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ponnammal Nagar - Moogambigai 1st Cross Street?

The Sub Registrar Office that covers Ponnammal Nagar - Moogambigai 1st Cross Street is 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 Nesapakkam

The guideline value is a critical factor in the registration process when buying or selling property in Nesapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Ponnammal Nagar - Moogambigai 1st Cross Street?

The current guideline value for Ponnammal Nagar - Moogambigai 1st Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, marking a 10% increase. It was Rs 2,500 per sq.ft in 2012, which decreased to Rs 1,675 per sq.ft in 2017 before increasing again to Rs 2,500 per sq.ft in 2023.

What is the land classification for this area?

The land classification for Ponnammal Nagar - Moogambigai 1st Cross Street is Residential Class II Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500, and the registration fee would be Rs 55,000, totaling Rs 2,47,500. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles property registrations in this area?

The Virugambakkam Sub Registrar Office handles property registrations for Ponnammal Nagar - Moogambigai 1st Cross Street. It is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.