Guideline Value for Pugazhanthi Salai (Mogappair East Block 4)

Pugazhanthi Salai (Mogappair East Block 4) guideline value

The current guideline value of Pugazhanthi Salai (Mogappair East Block 4) 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 Pugazhanthi Salai (Mogappair East Block 4) has changed

The guideline value for Pugazhanthi Salai has seen several revisions over the years. In 2012, the value was Rs 6,500 per sq.ft, which decreased to Rs 4,355 per sq.ft in 2017. Following this, the value increased significantly to Rs 6,500 per sq.ft in 2023, and then rose to Rs 7,100 per sq.ft in 2024, marking a 9% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but the overall change from 2012 to 2024 shows a 9% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mugappair

In Mugappair village, 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 aligns with the current value for Pugazhanthi Salai.

• Puducherry Colony: Rs 3,800 per sq.ft (2024)
• Prathish Street: Rs 7,100 per sq.ft (2024)
• Quiathemillath Street - (T.M.P.Nagar): Rs 5,500 per sq.ft (2024)
• Perumal Nagar: Rs 7,100 per sq.ft (2024)
• Periyar Street (Srinivasa Nagar): Rs 3,800 per sq.ft (2024)
• Periyar Street Ist Cross Street to 5 Cross Street and others Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Pugazhanthi Salai (Mogappair East Block 4)

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 at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total charges to Rs 6,39,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pugazhanthi Salai (Mogappair East Block 4)?

The Sub Registrar Office that covers Pugazhanthi Salai 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 plays a crucial role during property registration in Mugappair. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid when a property is bought or sold.

When selling or purchasing property, the guideline value is used to determine the legal value of the property for registration purposes. This ensures that the transaction is documented accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Pugazhanthi Salai?

The current guideline value of Pugazhanthi Salai (Mogappair East Block 4) 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 6,500 per sq.ft in 2012 to Rs 4,355 per sq.ft in 2017, then increased to Rs 6,500 per sq.ft in 2023, and finally to Rs 7,100 per sq.ft in 2024.

What is the land classification for Pugazhanthi Salai?

The land classification for Pugazhanthi Salai is Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Pugazhanthi Salai?

The Sub Registrar Office for Pugazhanthi Salai is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for property in Pugazhanthi Salai?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 4,97,000.