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Guideline Value

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Guideline Value for Ponnammal Nagar - Moogambigai 2nd Cross Street

₹2750/sq.ft.

The guideline value for Ponnammal Nagar - Moogambigai 2nd 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 2nd Cross Street

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Ponnammal Nagar - Moogambigai 2nd Cross Street guideline value

The current guideline value of Ponnammal Nagar - Moogambigai 2nd 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 2nd Cross Street has changed

The guideline value for Ponnammal Nagar - Moogambigai 2nd Cross Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 2,500 per sq.ft. This figure then decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. Following this, the value significantly increased to Rs 2,500 per sq.ft in the 2023 revision, and then further rose to the current value of Rs 2,750 per sq.ft in the 2024 revision, reflecting a 10% increase.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

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. The median guideline value for these streets is Rs 3,300 per sq.ft, placing the 2024 figure for Ponnammal Nagar - Moogambigai 2nd Cross Street below this median.

Stamp duty and registration fee for property in Ponnammal Nagar - Moogambigai 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees to Rs 2,47,500. It is important to note that the 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 2nd Cross Street?

The Ponnammal Nagar - Moogambigai 2nd Cross Street is covered by 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 serves as a benchmark for property transactions in Nesapakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is crucial for buyers and sellers to be aware of the guideline value, as it impacts the total cost involved in property registration. Ensuring that the transaction aligns with the guideline value can help avoid any legal complications during the registration process.

Frequently asked questions

What is the current guideline value for Ponnammal Nagar - Moogambigai 2nd Cross Street?

The current guideline value for Ponnammal Nagar - Moogambigai 2nd 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 2012, decreased to Rs 1,675 per sq.ft in 2017, increased to Rs 2,500 per sq.ft in 2023, and is now Rs 2,750 per sq.ft in 2024.

What is the land classification for this street?

The land classification for Ponnammal Nagar - Moogambigai 2nd Cross Street is Residential Class II Type - II.

Where can I find the registration office for this area?

The registration office covering Ponnammal Nagar - Moogambigai 2nd Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What factors influence the stamp duty and registration fees?

The stamp duty and registration fees are based on the guideline value or the sale price, whichever is higher. It is essential to calculate these fees accurately to avoid any discrepancies during the registration process.